cryptopolitan.com
As we go to press, we noticed some flurry at Reddit over some complaints of “network congestion.” Like, stop loss didn’t trigger:
At what point is Kucoin’s business practice illegal? They lure you in every few weeks with a “free” margin with no interest and then when the coordinated selling occurs, you’re prevented from selling and then forced to liquidate. Kucoin takes all your coins. Rinse and repeat.
u/Lemonfreshjesus
2 hours ago
Usually, when markets sell off, you see selling gradually from top to bottom. We saw today controlled selling across all assets, all at once. The exchanges wanted to liquidate the longs position and take profits. So, what’s happening? We know that Omicron triggered FOMO. Or was it YOLO? Futures contract switched from short to long right before the crash. Almost seems convenient.
What is KuCoin?
KuCoin is a digital (crypto) currency exchange renowned for its sleek and user-friendly interface, top-notch security, and trustworthiness. The platform offers numerous trading options to over 8 million customers worldwide. Its service offerings include spot trading, Peer-to-Peer (P2P), futures, staking, lending, and margin trading. KuCoin is Singapore-based and was officially launched in 2017 to create a safe, simple, and globally accessible exchange platform.
KuCoin is widely revered for its early adoption of new tokens and cryptos, especially those that just completed their initial coin offering (ICO), making it possible for users to track their choice assets from the start. Coinranking’s platform is currently ranked as the 7th largest cryptocurrency exchange. Also, KuCoin offers about 450 coin pairs and has a listing of over 300 digital coins, including BTC, ETH, Binance coin, and DOGE. Its market share is 2.52%, and it boasts a strong user base.
The platform can be accessed via the KuCoin mobile app on iOS and Android. In addition, users can also leverage KuCoin’s website as an alternative to the mobile options.
KuCoin Token (KCS)
KuCoin Shares or KCS is the native digital coin of KuCoin, and it drives the platform’s customer loyalty scheme. The token is built on the Ethereum network (ERC-20 token) and was released in 2017 alongside the launching of KuCoin, with an initial token offering of 200,000,000 KCS. However, to stabilize the token’s price and regulate its supply, the KuCoin team put a monthly token burning system to reduce the asset’s total supply to a target of 100,000,000 KCS, making it a deflationary token.
The team completed the 23rd burn of KCS tokens in October 2021, and the burning mechanism creates room for future value appreciation and significant growth as the demand for KCS increases. In other words, KCS is advantageous to long-term investors from an ROI viewpoint.
The value of KCS depends on KuCoin, and the exchange’s cross-border capacity and expanding global reach since its inception have resulted in massive gains for KCS. Like other crypto exchange platforms with native assets, KCS can serve as a settlement for trading fees on the exchange, with traders receiving up to a 20% discount on fees.
Features of KuCoin
KuCoin aims to continue building a strong reputation by leveraging a mix of tried and tested models to set its service offerings apart from competitors. Apart from its incredibly low transaction fees, here are some of the features of KuCoin.
- Web Trading Platform
The KuCoin web trading platform is designed to serve both seasoned and novice traders, and you do not have to download or install any specialty software to access the trading interface. KuCoin’s trading platform is easy-to-use and can be accessed via a conventional web browser. However, the trading interface has many complexities and advanced features that allow traders to personalize their trading experience.
Source: KuCoin Web Interface
The standard trading interface in the image above provides traders with the information needed to execute trades precisely. Also, several trading options are available on the platform, including spot trading, margin, futures, OTC trading, etc.
- Mobile Trading Platform
KuCoin also offers a mobile version of its trading platform that grants users access to markets, futures, trading bot, and other major features on the web version with just one click. The app makes it easy to initiate transactions instantaneously. In as little as 30 seconds, a crypto trade can be completed on the KuCoin app.
If you are an on-the-go trader, the KuCoin mobile app will come in handy for you, as you can trade anywhere and anytime 24/7. It is available for Android and iOS smart devices.
- Hardware-accelerated order-processing
KuCoin’s trading system utilizes a high-performance engine and a hardware-accelerated memory matching tech that facilitates a highly-efficient order management system with an order-making value of about 2,000,000 per second. Also, the maximum order-processing value of KuCoin exceeds 1,000,000 per second. These stats are way above the conventional industry standards, and they reflect the capability of the exchange to handle lags or delays during a market boom period.
- Top APIs
The exchange boasts powerful and high attractive APIs known as WebSocket feeds and REST APIs. The WebSocket feeds API provides a real-time stream of public market data such as order book, ticker, sales, etc. Any changes in the market (prices or trading volumes) will be updated via the market data feeds. On the other hand, the platform’s high-performance REST APIs provide private and public data.
- Deflationary Mechanism
While several assets on the crypto market are inflationary, i.e., minting new tokens, KuCoin (KCS) leverages a deflationary model, i.e., it burns tokens instead, to reduce the market supply of KCS and increase its value over time. This feature, in particular, makes KCS a potentially profitable token for long-term holders. Although the ultimate impact of the token burning activity cannot be measured exactly, the capital appreciation of KCS points at an advantage of token burning, with the crypto doing about 433X within the past 52 weeks.
- Multi-coin Support
The platform’s underlying technology currently supports hundreds of cryptocurrencies and numerous trading pairs. Initially, the exchange provided support for Bitcoin (BTC), Ethereum (ETH), and USDT trading against NEO, KCS, LTC, and other highly negotiable tokens built on Ethereum (ERC-20). The supported markets and trading pairs on the platforms have grown exponentially, and further expansions are expected in the future. KuCoin is widely known as an early adopter and plans to roll out a feature that will enable newbies and professional crypto managers to easily register new tokens/coin trading pairs and begin trading them automatically.
- Excellent Customer Service
The exchange boasts efficient and ever-present customer support services via multiple channels such as the live chat on their website, hotline, or email.
- Multi-level Security and Financial Safety
KuCoin has implemented several system and operation level security architectures to protect the monies and data of its customers. Also, the platform utilizes a standard encryption protocol that preserves the confidentiality of users. KuCoin has also introduced a multiple-factor authentication mechanism to sensitive operations to ascertain maximum security. Cryptocurrency wallets on the platform adopt multi-layered storage security solutions stored on a private network hosted on Amazon Web Services Cloud.
- Referrals and Bonus Offerings
KuCoin distributes QR codes and invites links to registered users on the platform to enable them to enjoy promotion bonuses by bringing in new users. The promotion bonus scheme deployed by KuCoin is not uncommon; it was designed and intended to increase the number of registered and active users on the exchange. For example, if Gregg registers using Tom’s invitation code and goes further to execute a trade, a percentage of the trading fees incurred by Gregg will go to Tom as a direct bonus. If Tom invites Frank, who then invites Tess, and of course, they all conduct trades on KuCoin, a percentage of their trading fees is also awarded to Gregg as an indirect bonus.
The platform offers several other amazing features, which can be found here.
KuCoin is deploying its blockchain known as KuChain, which is expected to allow the exchange to function at fast speeds and offer low transactions. KCS will be utilized as the governance token on the chain. Generally, tokens gain value from large volume transactions and increased use cases, and KuChain developments should boost KCS’s market value.
KuCoin Exchange- Pros & Cons
PROs
- The exchange charges transparent and very low trading, deposit, and withdrawal fees.
- It boasts a user-friendly interface.
- It offers a wide range of digital currencies, including new projects.
- Top-level security feature.
- KuCoin offers anonymous trading, although with a volume threshold.
- 24/7 customer care.
- Earning options through promotions and additional benefits.
CONs
- The platform may encounter some difficulties during high-traffic trading periods.
- KuCoin lists a lot of small coins, and due to the liquidity concerns associated with them, the exchange tends to have low trading volumes.
- Credit card or debit card deposits require identity verification.
KuCoin Token Past Price Analysis
As per the prior price data obtained from Coinmarketcap, KCS began trading with an opening price of $0.6922 on October 24, 2017. Over the next few hours, precisely on October 25, the token reached a maximum value of $1.14. The asset price followed a downward trend afterward as it bottomed to $0.3956 on December 4, 2017.
By the end of the year, KCS had experienced a significant price increase, as it closed the year at $3.58. The bullish run continued into the first few days of 2018, and KCS attained a maximum value of $21.14 in January. KCS pulled back in the coming months, and by March 2018, its trading price had fallen to a trading range of $1.84 to $4.29.
KCS continued on a bearish run, and by September 2018, the token had fallen to an average trading price of about $1.2. The price of this asset bottomed below $1 on November 14, and it closed the year at a market price of $0.6176.
The opening price of KCS in 2019 was $0.6408, and the value dropped even further to attain its all-time low of $0.3232 by the end of January 2019. KCS soon recovered, and the downward trend reversed to above the $1 mark. By December 31, 2019, the highest price of KCS was $0.9387, and its lowest price was $0.9048. The trading range for 2020 was $0.6678 – $1.46.
The start of 2021 came with a lot of hype in the crypto space, and several assets rode with the bulls, including major coins like Bitcoin and Ethereum. KCS was not left behind as the coin began the year at $0.6933, and by April 10, 2021, the token reached a maximum value of $20.00.
Again, KCS lost market momentum and reached a minimum of $5.06 on June 22. By August 1, KCS had recovered again and began trading above $10. It ended the month at a day low of $12.82 and a day high of $13.82.
On September 30, 2021, KuCoin launched its new “Earn Product,” and this announcement drove the value of KCS upwards until it reached its current all-time high at $28.80 on December 1.
KCS Current Market Status
At the time of writing, the current price of KCS is $25.91, and it has experienced a price change of $0.8201 (3.27%) in 24 hours. Its cryptocurrency market ranking is #72, and its market dominance is 0.08%. Also, the 24-hour trading volume of KCS is $38,296,395.27, representing a 40.23% drop. The market capitalization of KCS increased by about 3% in the past 24 hours to reach $2,080,138,040.25.
Now, let’s get into some KCS expert price predictions.
WalletInvestor KuCoin token price forecast
The KuCoin price forecast from Wallet Investor is bullish over the next few days, with the token expected to attain a maximum price of 30.967 USD within the next few days.
Also, the least expected price in the next few days is 24.343 USD. In the long term, the KuCoin token forecast from Wallet Investor also predicts a bullish run with the asset’s value expected to go as high as 45 USD.
In the short and long term, WalletInvestor projects a solid upward trend for KCS.
DigitalCoinPrice KuCoin token price prediction
By the end of 2021, Digital coin price predicts an average of $19.74 for KCS.
According to the KuCoin Shares price prediction for 2022, the asset is expected to kick off the year with an average price of $24.16. The maximum price for the year is projected to be around 29 USD. By December 2022, KCS is forecasted to be trading for an average price of $24.19. The price prediction for 2022 shows stability in the market price of KCS, with not much volatility.
By January 2023, the average price of KuCoin Shares is predicted for $25.64, and by February, an average price of $33.28 is expected. The maximum value of KuCoin KCS for the year is expected to be about $35. By the end of 2023, the average price of this asset is expected for $25.44.
The value of KCS is forecasted to continue rising in 2024; however, with price swings in-between. The average price for January is expected for $34.79. The token is predicted to reach a maximum market price of $43 for the year. By July, an average price of $41.31 is expected. The closing price by December is averaged at $31.12.
KCS is expected to attain a maximum token price of about 50 USD by 2025. Within this period, the token is predicted to have an average price of $46.71 in January, $46.71 in March, and $45.32 by June. The tabular prediction also shows an average market price of $41.8 by December.
PricePrediction KuCoin token price prediction
PricePrediction is renowned for its expert price predictions, and according to the platform, the maximum trading price of KCS for 2022 is $45.79. Its average price within this period is $39.24, and it is predicted to trade at a minimum market price of $37.91.
The tabular KCS coin price forecast above shows a bullish price movement for KCS in the coming years. The maximum market price forecast for 2023 is 66.68 USD, and by 2024, the token is predicted to reach a maximum trading value of $100.44. The minimum prices within these periods (2023 and 2024) are $59.27 and $87.81, respectively. The bullish run is expected to continue in 2025, as a maximum KCS price of 146.01 USD is predicted.
Coinarbitragebot KuCoin token price prediction
According to expert USD predictions from Coinarbitragebot, the price of KCS is expected to fall in 2022, with the token’s maximum market price target set at $21.4139. KuCoin Shares is forecast to bounce back in 2023, and its market price is expected to reach up to $45.0420.
In the future, KCS is expected to have a positive outlook in 2024, as its price is forecasted to soar as high as $72.8780. Similarly, Coinarbitragebot expects a further upside in 2025. KuCoin’s token is predicted to attain a maximum trading price of $117.917.
Cryptopolitan KCS price prediction
Having examined the expert price predictions for KCS, here is the cryptopolitan team’s verdict on the token.
KuCoin token price prediction 2021
Based on the past performance of KCS, its fundamental analysis, and expert KCS coin price prediction, the token is expected to increase in value by the end of December 2021. We expect KCS to break past its Fibonacci resistance levels and attain a maximum value of $30, signifying a new ATH.
It could be worth monitoring KCS for the best entry and exit trade points for traders interested in short-term earning.
KuCoin token price prediction 2022
KuCoin token is expected to continue on a bullish run in 2022, and we expect a trading range of $34 to $47.
KuCoin token price prediction 2023
With several innovations expected on KuCoin, especially the development of KuChain, KCS could be set for more use cases, more widespread adoption, increased trading volumes, and positive price momentum. That being said, KuCoin might reach new heights, and we expect a maximum trading price of $60 and a minimum price of $51.
KuCoin token price prediction 2024
KCS is a deflationary token, and in the long run, token burns could significantly drive up the price of KuCoin Shares. Also, we expect the token to be listed on more exchanges, which could potentially increase its trading volumes. A price range of $64 – $95 is achievable.
KuCoin token price prediction 2025
By 2025, KCS could easily reach above $120.
Conclusion
KuCoin is a fast-growing exchange with numerous cryptocurrencies for traders to choose from. The native token of the platform, KuCoin Shares or KCS, has experienced significant growth since its inception. In the past 30 days, KCS’s value has increased by about 60.2%, and within the past 90 days, the token has grown by 212.7%. The predictions above are bullish about the price actions of KCS for the future.
KuCoin utilizes an encryption protocol that protects private data. Also, the exchange has an internal risk department that ensures the safety of your funds. To further enhance their security architecture, KuCoin offers users the opportunity to use Google Authentication as an extra layer of security for log-in purposes and the confirmation of trades. This is often referred to as two-factor authentication (2FA). In other words, if anyone hacks through your password, they will still have to provide the authentication code on your mobile phone, making your account impenetrable.
To further beef up the exchange’s security features, KuCoin entered into a partnership with a leading Singapore-based crypto-asset custody firm known as Onchain Custodian. This firm provides custody for KuCoin’s crypto holdings, and their activities are backed by Lockton, the world’s largest private insurance brokerage company. Despite all these security features, KuCoin was hacked in 2020, and the hacker carted away with over 280 million USD, although their CEO reported that an 84% recovery was made. This incident raised eyebrows about the safety of KuCoin and its susceptibility to external breaches.
However, it is important to note that these are predictions and not investment advice. Always do your research before investing in any crypto coin and seek the advice of financial advisors or crypto analysts if need be.
FAQs
What is KuCoin token price today?
Today, the KuCoin token KCS price is $25.91, and its market cap is $2,080,138,040.25.
Will KuCoin token price rise?
According to our KCS price predictions, the price of the KuCoin token will rise, provided investors continue to perceive it as a good investment.
Where can I buy KuCoin token KCS?
KuCoin Shares (KCS) can be purchased on the KuCoin exchange, ProBit Global, Uniswap (V3), and AscendEX (Bitmax).
Is it profitable to invest in KuCoin tokens?
Based on our KuCoin token price predictions, KCS is a profitable investment in the short and long term.
Is the KuCoin safe?
Before depositing funds on any crypto exchange, one of the first things that come to mind is the platform’s safety. Due to the centralized nature of exchanges and their susceptibility to hacks and cyber theft, crypto traders are always concerned about the safety of their monies. According to January 2020, over 11 billion USD in cryptocurrencies have been stolen under various circumstances, including hacks on exchanges. This number has continued to grow, as another hack on the Poly Network happened on August 10, resulting in a loss of over 600 million USD.
Is KuCoin exchange good for me?
There are a few variables to consider before deciding if KuCoin is good for you.
- First, you cannot use this exchange if you reside in the US, as it is unlicensed in the region. However, if you live outside the borders of the United States, KuCoin should be accessible.
- Second, if you love to trade new or less popular crypto assets, you’ll find many on the KuCoin Exchange.
- Third, if you are an experienced trader and you want advanced trading features, this exchange is an excellent choice.
- Lastly, KuCoin offers interest to any KCS holder, and if this is what you want, get involved.