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Kin Returns To TOP-100: Token Price Increased By 120% In 7 Days

Kin cryptocurrency is in the spotlight again: bullish rally lasts for the last seven days as prices see a 36% increase in the last 24 hours and more than 120% over the previous seven days. Besides, the token returned to the list of TOP-100 cryptocurrencies by capitalization, according to CoinMarketCap.

Crypto market analysts say the reason for the high demand is the token migration from the ERC-20 standard to its own blockchain. The excitement grows: a step towards the native blockchain is a good sign, despite all the difficulties that the project had to go through over the last year.

Kin started the token swap of tokens between ERC-20 and its blockchain on March 12. As reported in the blog of the project, the swap will last until June 12. The action is only required from those users who received Kin tokens in other ways than earning them within the Kin Ecosystem applications.

Users can swap tokens in two ways: through special services and supported exchanges. CoinSwitch and Changelly offer swap services as intermediaries. The exchanges currently accept deposits and disable withdrawals for Kin. The supporting exchanges are LAToken, Bitforex, HitBTC, CoinTiger, Lykke, Mercatox. The company claims that more exchanges will join this list in the coming weeks.

Image courtesy of NewsBTC

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