• KuCoin Token (KCS) is a profit-sharing token that allows traders to draw value from the exchange.
• The current market status of KCS is $8.47 with a 24-hour price change of 3.5% down.
• In KuCoin Token (KCS) price prediction 2023, it is predicted that the KCS price will reach $25 soon.
What is KuCoin Token (KCS)?
KuCoin Token (KCS) is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange. It was established as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. KuCoin has also announced that Empowering KCS will be a priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. It employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.
KuCoin Token (KCS) Current Market Status
Current Price: $8.47
24 – Hour Trading Volume: $1,867,244
24 – Hour Price Change: 3.5% Down
Circulating Supply: 97,385,672
All – Time High: $28.83 (On December 01, 2021 )
KuCoin Token (KCS) Price Prediction 2023
KuCoin Token (KCS) holds the 60th position on CoinGecko right now with bullish KSC price prediction ranging from $8.774 to $14.513 while bearish predictions range up to $6257 for 2023.. A descending channel pattern has been observed in the chart which indicates bearish movements in terms of pricing levels and if this trend continues then resistance levels may fall to around $9 while support levels may go up to around 8$.
Support and Resistance Levels
The chart below shows us support and resistance levels of KuCoin Tokens(kcs). Resistance Level 1 stands at 8$77 while Support level stands at 8$494
In conclusion, based on our analysis we predict that kcs prices may reach 25$ in 2023 but there are various factors like market sentiment etc which might affect its pricing hence making exact predictions quite difficult . We suggest keeping track of all important news related to kcs tokens in order to make informed decisions regarding investments related with it