- The KCS crypto value has outperformed 53% of the highest 100 crypto property in 1 12 months.
- KuCoin has carried out higher than its token sale value.
KCS is the token of KuCoin, a decentralized change and platform. It was created by a group of co-founders in 2017. KCS can be utilized for buying and selling charges, token gross sales, staking, governance, and funds. KCS holders may also take pleasure in decrease charges and different advantages.
KuCoin makes use of a POS consensus mechanism and was launched on the 2nd of September 2017. The worry and greed index of the crypto is indicating greed and the market cap of the crypto has superior by 2.9% within the final 30 days.
The buying and selling quantity of the KuCoin Token has superior by 19.04% within the final 24 hours leading to a traded worth of $1.6 Million. Additionally, the traded quantity rating of the crypto as per CoinMarketCap is #772.
The present market cap dominance of the token is 0.05% adopted by the market cap worth of $966.512 Million. The quantity/market cap ratio of the crypto is 0.002 and the volatility of the crypto can be comparatively low. The present volatility of the crypto is simply 1.33%.
The sentiment for the token is bullish within the crypto market as per Coincodex and the circulating provide of the token is 56.72% of the max provide.
KuCoin Token Blockchain Information Overview
KuCoin Token has a Whole Worth Locked of $99.52 Million and the stablecoins market cap is value $87.79 Million. Additionally, the overall raised quantity by the crypto is $33.7 Million and the absolutely diluted worth of the token is $3.491 Billion.
It has a complete provide of 143.996 Million KCS adopted by a max provide of 170.118 Million KCS. Furthermore, the circulating provide of the crypto is 96.496 Million KCS.
KCS Crypto Technical Evaluation
The KCS crypto value was in a powerful downtrend for a really very long time which led to the formation of the falling wedge sample. The value of the token additional broke out of the next sample with excellent momentum and quantity.
After breaking out of the sample, the value of the crypto surged by 65% and is at present consolidating in a small vary. It additionally has fashioned a swing excessive of $14.250 and if the value of the crypto additional surges above this degree, it’d result in new highs sooner or later.
KCS/USD Chart by TradingView
The EMAs on the daily chart are behaving very positively and the price of the crypto is also trading above the crucial EMAs. The 50 and the 200-Day EMAs are trading in a golden cross and the 20-Day EMA is trading above the larger period EMAs.
The RSI has also crossed above the 50-level and the 14-Day SMA and is following a bullish cycle as it has not hit the oversold zone after hitting the overbought zones.
KCS is the token of KuCoin, a number one decentralized change and platform. KCS has surged by 65% after breaking out of a falling wedge sample and is poised to achieve new highs. KCS is a bullish crypto with robust fundamentals and technicals and would possibly result in additional greater ranges.
This text is for informational functions solely and doesn’t present any monetary, funding, or different recommendation. The writer or any individuals talked about on this article aren’t liable for any monetary loss which will happen from investing in or buying and selling. Please do your analysis earlier than making any monetary choices.