What Is Kyber Network?
Kyber Network is a blockchain protocol and is decentralized. It enables you to exchange tokens without the need for intermediaries. It’s a way of providing liquidity for (DeFi) decentralized finance applications. Kyber Network is on top of the Ethereum blockchain. Let’s take a look at Kyber Network price prediction for KNC token for the next 10 years.
Who Created Kyber Network?
Loi Luu, Victor Tran, and Yaron Velner founded Kyber Network.
Kyber Network Price Analysis
The recent analysis shows that Kyber has managed to secure a top spot among the most talked token. The token saw an increase from $0.18 to $0.87 in the year 2020. It was the highest increase of 378% in six months. The stable performance put forth in 2020 has helped them to enter the crypto trending topic.
$KNC Market Cap
Kyber’s network market cap is close to $500M at the time of writing this article.
KNC Circulating Supply And Total Supply
Kyber Network has a circulating supply of 204,768,115 KNC coins and a maximum supply of 226,000,000 KNC coins.
The total supply of Kyber Network was 210 Million KNC tokens as of 2020. Out of which, only 200 Million tokens were in circulation. Prediction is that both circulating supply and total supply will reduce due to KNC token burns over the years.
Kyber Network Price Today – Current Price
Kyber’s price as of 11 February 2021 is $2.41
Kyber Network (KNC) Future Price Forecast Prediction
It’s not possible to calculate Kyber Network Price Prediction accurately. We can only try to predict the prices based on the present market scenario and crypto prices. It is all suggestions based on these assumptions at this point.
I am not going to show you my TradingView charts but I’m going to tell you what levels I expect to see in short term and long term.
Take a look at XTZ Price Prediction and the parent Ethereum Price Prediction.
Kyber Network (KNC) Short Term Prediction
Now Kyber Network is at $2.4, but by the end of 2021, it should reach $5. According to the KNC price Prediction, the prices will hit $7.7 at the end of 2022. It will be a decent hike in prices in 2022, as predicted for now. The average price as per the Kyber Network Price prediction is going to be $4 with a bear market in between.
Kyber Network (KNC) Long Term Prediction
The Kyber Price Prediction is that the price could go up to $25 in five years. The KNC Price Prediction mainly depends on growth in Kyber backend technology. It will improve the confidence of the investors.
Experts in the industry believe that Kyber firmware upgrade will have high security and focus on smart contract projects. This upgrade will lure investors to choosing a long-term investment in Kyber.
According to the Kyber Network Price Prediction, the outcome can change depending on the market volatility, an extended bear market, and the failure of the market as a whole to push for cryptocurrencies.
Kyber Network Price Prediction 2021
According to the experts, the Kyber Network Price Predictions will reach $5 at the end of 2021. The maximum Kyber price will be $5 and the minimum is $4 in 2021. By the end of the year, the Kyber network price will be between $4.5 and $5.5.
Kyber Network Price Prediction 2023
I would expect the bear market to go until 2023. The price of Kyber will be between $2.75 and $3.2 at the beginning of 2023. By the end of the year, the KNC Price Prediction will reach the maximum of $2.5, and the minimum will be $2.
Kyber Network Price Prediction 2025
As per some analysis, the Kyber Network Price Prediction at the beginning of 2025 might be between $15 and $20. By the end of 2025, the price should reach around $25.
Kyber Network Price Prediction 2030
The start of the year 2030 may see the price of Kyber at $40, pursuant to still seeing KNC a major force of decentralized exchange. In year 2030, KNC price might end up around $50, if KNC remains bullish by being a predominant DeFi force.
Is Kyber Network A Good Investment?
According to Kyber Network Crypto Price Prediction, it is a good investment. The price is going to increase. But the forecasts are varied which makes it hard to be sure of it as an investment.
Kyber Network will be a profitable investment in the long run.
The market environment of Kyber up till now has been considered bullish. The cryptocurrency analysts believe that it can see a positive trend. Hence, it might be a good investment.
If you buy $100 worth of Kyber today, as per Kyber Network Crypto Price Prediction, the return will be more than 10X. The Kyber Network Price Prediction for 2026 is $30. With a five-year investment, the revenue is going to be around 15X. So the $100 investment will be worth approximately $1500 in 2026.
Is Kyber Network Safe To Buy?
The main feature of the Kyber network is security. Being decentralized and unnecessary registration, it does not store any data or funds. This feature reduces the risk considerably, according to Kyber Network Crypto Price Prediction.
How To Buy Kyber Network? Step By Step Guide
Kyber Network works by aggregating funds that stake for rewards. Step By Step Guide to buying Kyber is as follows
Step 1: If you are interested in buying Kyber Network, you need to create an account with a crypto exchange. The exchange needs to support KNC. Before connecting your bank account, you must provide your basic information like your legal name, photo id, social security number.
There are different levels of verifications needed to start investing depending on the exchange. Once you are on the Kyber network, you can even trade any token on the Ethereum network.
Step 2: The next step after you have bought your KNC, is to decide where to store your tokens. Some investors store them on the exchange that they used to buy. However, this practice is not suggested in terms of security reasons. Some wallets are free and easily accessible such as Argent Wallet and Metamask Wallet. If you are looking for a secure wallet, then a hardware wallet is the way to go.
Hardware wallets allow you to store your Crypto offline. These wallets are hard to hack into securing your investment. Investors who have invested a lot of money into cryptocurrency prefer hardware wallets.
Step 3: Now, the last step is to make your purchase. It works the same as stocks, where you place your order as either a limit order or a market order.
A limit order is when you set a price to buy the token. Your order will only get filled when the market price drops to the price limit you set.
Best Crypto Exchanges To Buy Kyber Network
The best Crypto exchanges for trading in Kyber Network are Binance for international customers and Binance US for US residents.
Other crypto exchanges to buy KNC token include Crypto.com, Kraken, CoinSwitch, bethumb, Huobi Global, OKEx, BitZ, HBTC, etc.
How High Will Kyber Network Go?
Kyber Network is a non-minable coin. The current market price of Kyber is $2.41 and has a market capitalization of $464,438,687.
It now has 65th place in the cryptocurrency rating. You can expect the price of Kyber to go up in a year, in the opinion of the Kyber Network Price Prediction.
Will Kyber Network Go Up Tomorrow?
According to KNC Price Prediction, it may go up tomorrow. The price is at $2.41 today, with a leap of $0.06 from yesterday’s price of $2.35.
Will Kyber Network Reach $1000?
Based on the market cap, Kyber Network Price Prediction doesn’t seem practical to reach $1000. Even if there is a bull run, attaining $1000 with the percent price changes seems unreachable.
Is Kyber Network Better Than Bitcoin?
The Kyber market cap is close to $500 Million and bitcoin is at around $900 Billion. The change that Kyber sees per hour is 0.5% compared to bitcoin change per hour is recorded as 0.55%.
There have been three altcoins that stood against bitcoin for some time and Kyber Network is among them. Kyber Network doubled in 2020 January versus Bitcoin. KNC has gained some momentum, following the necessity of being decentralized exchanges.
When it comes to market liquidity, KNC is over $150,000,000 which helps you sell your tokens if you want to.
Lastly, if you look at yearly change, Kyber Network has been the top performer increasing in price by over 70% compare to Bitcoin.
Research shows the potential of decentralizing exchanges without any trusted party to be highly beneficial. Kyber Network plays a great role in decentralized exchanges ecosystem.
Bitcoin is the king of Cryptocurrency and that’s not going to change anytime soon. Maybe, Ethereum may have a chance to dethrone Bitcoin in the long term. But, Kyber network is not better than Bitcoin. We are comparing crypto projects of different magnitudes.
Takeaways – Kyber Network KNC Price Prediction
- Kyber Network is a Decentralized blockchain protocol.
- In 2020, the token saw a 378% increase in six months.
- Kyber Network has a circulating supply of 204,768,115 KNC coins.
- By the end of 2021, Kyber Network Price is expected to reach $2.9.
- 2030 might end up seeing the price of Kyber Network at $16.8.
- The main feature of the Kyber network is security.
- Kyber Network has been the top performer increasing in price by over 70% compared to Bitcoin.