Connect with us

Blockchain

Tim Wu, the ‘father of net neutrality’ reportedly owns over $1M in Bitcoin

Tim Wu, a one-time Bitcoin critic and current technology policy adviser at the White House, reportedly owns between 29 and 146 BTC.

Published

on

Cryptocurrencies might be anathema for certain members of United States President Joe Biden’s administration, but that has not stopped one staffer from owning a small fortune in Bitcoin (BTC).

According to a report by Politico on Monday, Tim Wu, special assistant for technology and competition policy to the president at the National Economic Council, owns over $1 million in Bitcoin.

Wu’s BTC ownership came to light after a recent personal financial disclosure that also revealed his ownership of Filecoin (FIL). Wu reportedly owns between $1 million and $5 million worth of Bitcoin as well as between $100,001 and $250,000 worth of FIL.

The White House adviser’s Bitcoin pot allegedly constitutes a major portion of Wu’s financial portfolio, which is estimated to be between $4 million and $11.5 million in value. Based on his estimated Bitcoin ownership, Wu may hold between 29 and 146 BTC.

Wu, a prominent legal scholar and Columbia University law professor, has previously argued against Bitcoin’s value proposition. Back in December 2018, Wu joined the chorus of critics labeling BTC a bubble as the premier cryptocurrency rallied to a then all-time high near $20,000.

The legal scholar is also a noted critic of Big Tech firms and was responsible for coining the term “net neutrality” back in 2003. According to Politico, an anonymous source at the White House said Wu has recused himself from policy matters related to Bitcoin and cryptocurrency.

Back in August 2017, Wu weighed in on the Bitcoin hard fork saga that led to the emergence of Bitcoin Cash (BCH). At the time, Wu criticized Coinbase’s initial decision to not support the fork and temporarily prevent its users from accessing BCH.

Bitcoin and crypto in general are coming under increased scrutiny under the Biden administration, with the new anti-BTC narrative seemingly shifting toward ransomware attacks. Both Gary Gensler, chairman of the Securities and Exchange Commission, and Treasury Secretary Janet Yellen have hinted at stricter cryptocurrency regulations.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/tim-wu-the-father-of-net-neutrality-reportedly-owns-over-1m-in-bitcoin

Blockchain

Digital turns physical: Top NFT galleries to visit in-person in 2021

Nine in-person NFT galleries and exhibitions have already opened or are set to open this year, and one could be near you.

Published

on

As restrictions seem to be easing for many, people who are looking to leave their houses and discover their region or country can ride the nonfungible token (NFT) wave with physical exhibitions and galleries that will be opening over the second half of 2021 — with some having opened their doors already.

Will there be one opening soon in your area? Is there already one open? Are you looking to travel domestically or internationally and want to experience a medium of art that seems inaccessible?

Let’s take a look around the world at nine galleries in Australia, Europe and the United States that are blurring the line between reality and the Metaverse, and a few that are can only be seen via a trip to the Metaverse.

Put them shoes on, and let’s go

The Museum of Art and Philosophy: Hobart, Australia

The Museum of Art and Philosophy, an NFT-focused gallery in Australia, will showcase artists who were originally published in its print magazines, New Philosopher and Womankind. Upon examining the NFT boom, the gallery’s curators decided that a physical gallery would be a fantastic way to present NFTs in a manner that lets people come and experience them for themselves.

The opening will coincide with Hobart’s “Dark Mofo” festival from June 16 to 22, inclusively inviting everyone to come and see what NTFs are all about.

Out East

Two galleries in Russia are planning, or have already organized, galleries and exhibitions that display and educate people on the world of contemporary art and NFTs. As the borders open to football fans, these galleries are planning to open their doors to the world of digital art and NFTs.

Underground Museum: Moscow, Russia

Located in Zaryadye Park in Moscow, visitors of Underground Museum can see works from contemporary Russian artists along with a few features from Russian NFT artists. The pieces and exhibition are set to change at least every two weeks, and the NFTs showcased in this gallery are put up for auction on Rarible.

For example, here is an excerpt from the NFT video “Waves” by Fayaz Azizov from the second “Sovrisk #Onstream” exhibition, which opened on May 20.

Hermitage Museum: St. Petersburg, Russia

Although little is known about the actual opening of the exhibition, the world-renowned Hermitage Museum is looking to open a gallery showcasing and exploring NFT art, along with hosting seminars presented by speakers from ITMO University and museum staff and curators. This project plans to be the first exhibition in Russia to explore the usefulness of NFTs and examine just how their work can challenge traditional copyright control and ownership.

Heading West

Three galleries in Europe have dedicated themselves to showcasing NFTs, demonstrating how the new age of digital and blockchain art could have the potential to influence a new art movement.

Kiwie Space: Riga, Latvia

The Kiwi Space showroom, hosted by Kiwie 1001, presents many different NFT artists and their contributions to the NFT space. Located in the 100-plus-year-old Galerija Centrs, this public exhibition showcases up-and-coming NFT artists and all that is fresh in the digital art space — as voted by Kiwie 1001’s Discord users themselves. The exhibition started in early June, so head over to Riga if you are looking to support rising artists and a promising industry.

Francisco Carolinum Linz: Linz, Austria

From June 11 to September 15, the “Proof of Art” exhibition takes place at Francisco Carolinum Linz and is advertised as one of the world’s first exhibitions of all that is NFT: the history, the applications, future predictions and the impacts that nonfungible tokens will have on the art world.

The museum will be focused on educating its visitors on the world of NFTs, ensuring the public is aware of what is actually happening and how it all works. To bring the excitement back home, Francisco Carolinum Linz has also constructed its museum online in the Ethereum-based Cryptovoxels, ensuring that all of those who want to learn about NFTs can do so in any environment that is comfortable.

Museum of Modern African Art: Amsterdam, Netherlands

This is your last week to see the feat and excellence that is the first NFT gallery to open in Amsterdam showcasing portraits of African kings and queens. Known as the “The Portraitist,” this artist’s exhibition of NFTs of African kings is currently on display at the Museum of Modern African Art (MoMAA) as one of the first exhibitions to proudly represent African art and history on the blockchain and in the NFT community. See the works by The Portraitist up until June 18.

Heading into the New World

Three notable exhibitions are opening in the United States this summer as citizens welcome the fresh air and open galleries. Spanning three different regions of the country and three different cities, each with its own unique culture and environment, they come together with one goal in mind: promoting the world of NFT art.

Blackdove: Miami, FL

With Miami quickly becoming the hotspot for all things blockchain, the Blackdove gallery sure hits the spot in attempting to change the way people see NFTs. With the collective effort of over 50 international artists contributing more than 100 NFT art pieces, this gallery is sure to catch waves with the crypto community.

Opened on June 3, Blackdove viewers also have the option to buy an NFT on the spot, allowing visitors to directly support artists, as well as giving people the chance to own their own piece of this new contemporary, digital art.

imnotArt: Chicago, IL

After developing their own online NFT gallery, the creators of the imnotArt metaverse decided to branch out into the streets of Chicago with the first brick-and-mortar NFT gallery in the city.

The gallery opened on June 3, coining itself “not a pop-up.” The gallery creators have the goal of establishing a new way to combine the physical reality and the Metaverse together, creating an environment that is unlike anything else in its nature.

Bright Moments: Venice Beach, CA

As a way of welcoming beachgoers to the world of NFTs, Venice Beach gallery Bright Moments is displaying NFTs and bringing the virtual world into reality. Moreover, art shows, speakers and other events are scheduled in the gallery, and more are invited to be booked, educating visitors and providing an entertaining, fresh environment for NFT enthusiasts and skeptics alike.

Stuck at home?

Despite a lot of the excitement being around experiencing these physical galleries in person, there are still galleries in the Metaverse that can be accessed from the comfort of your home — including Francisco Carolinum Linz, mentioned above, and others such as the Museum of Crypto Art located in Somnium Space.

There are many ways to jump on the NFT train, with galleries continuing to open around the physical world and in the Metaverse. So, regardless of which platform suits your needs, the thrill can be chased anywhere.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/digital-turns-physical-top-nft-galleries-to-visit-in-person-in-2021

Continue Reading

Blockchain

DeFi Deep Dive — Avalanche, DeFi in Under a Second

Published

on

Avalanche is an open-source platform for launching decentralized financial (DeFi) applications and enterprise blockchain deployments in an interoperable and highly scalable ecosystem.

Sponsored
Sponsored

Avalanche’s mainnet went live at the end of September 2020. It is the first smart contract platform that confirms transactions in less than a second, is compatible with the Ethereum development toolkit, and allows independent validators to participate as producers of complete blocks.

How does Avalanche work?

Avalanche employs a multi-chain framework with three blockchains dividing up critical functions and uses different data structures.

Sponsored
Sponsored

In this way, developers get maximum flexibility and control over their applications. Dividing the network into three separate entities or processing powers enables Avalanche to deliver the first smart contract platform that confirms transactions in less than a second.

X-Chain (Exchange chain)

X-Chain makes it easy to create and share assets between peers, including Avalanche’s native token, AVAX. In addition to AVAX, the X-Chain allows anyone to create and mint other smart digital assets such as stablecoins, utility tokens, NFT’s, wrapped tokens, equity, etc. The creation and minting of these tokens also require a fee in AVAX that is subsequently burnt.

C-Chain (Contract Chain)

The C-Chain is a chain of smart contracts that uses the Ethereum Virtual Machine and is 100% compatible with existing tools in Ethereum. Everything that can be done on Ethereum can be done on the C-Chain with the added advantage of offering 4500 Tps, sub-second completion, and low transaction fees. Users can easily port existing DApps to take advantage of the benefits Avalanche offers over Ethereum.

P-Chain (Platform Chain)

Finally, the P-Chain (Platform Chain) is responsible for managing staking, coordinating validators across networks, and creating custom subnets. Each Avalanche’s validator participates by depositing the staking network token in the Platform Chain to help secure the core network. At the same time, these validators can form sets of dynamic or private validators to operate subnets.

Avalanche is a “platform of platforms,” ultimately consisting of thousands of subnets to form a heterogeneous interoperable network of many blockchains.

Their system allows anyone to create their application-specific blockchains, supporting multiple custom virtual machines like EVM and WASM. In addition, they can add written in popular languages ​​like Go (plus others to be included in the future).

Each subnet can have its own token and commission structure. They can also choose to have staking and transaction fees paid in AVAX, stablecoins, or their own token.

New mechanism for consensus, speed, and decentralization

Avalanche has developed a consensus protocol that belongs to the so-called Snow protocols. This consensus mechanism combines the best properties of the Nakamoto consensus (robust and highly decentralized) with the best of classic consensus protocols (low latency, high throughput, lightness).

To achieve this, repeated votes by random subsampling are used to choose the validator that will take care of the next block. Furthermore, each validator consults only a small random sample of the other participants in each round.

The selected validators are weighted by the amount deposited in staking, and this methodology allows the protocol to be extended theoretically to millions of participants.

Avalanche family protocols are capable of less than one-second finality, supporting more than 4,500 transactions per second and scaling up to millions of full, consensus-producing, block-producing validation nodes. Avalanche applications can run on their own independent blockchains known as subnets.

Existing blockchains can even migrate their status to Avalanche and replace their consensus with Avalanche while maintaining their own native token. These subnets will then be able to interoperate with each other and with other blockchains.

AVAX token

The AVAX token is the native token of the Avalanche platform. It is used to secure the network through staking, carrying out transactions between different tokens, paying fees, and providing a basic unit of account between the multiple subnets created in Avalanche.

The transaction fees on all blockchains on the primary network, the creation and minting fees of digital assets on the network, the creation of blockchains, and the creation of subnets require a payment made in AVAX. These tokens are subsequently burned, thus reducing the total supply.

If the number of AVAX burned exceeds the amount minted to reward the validators, then the total number of tokens will be reduced, resulting in deflation and further shortages.

This system is very reminiscent of Ethereum’s EIP-1559 but unlike it. In the case of Avalanche, all transaction fees are burned instead of just part of it. In addition to this, there is also a maximum AVAX amount of 720 million limits that can never be exceeded.

For its part, the Ethereum network does not have a fixed number of tokens that can be created, and this will increase depending on the needs of the network to stay safe.

Staking in Avalanche

Avalanche uses a proof of stake (POS) consensus mechanism. In this way, the system financially motivates nodes participating in the network to act virtuously.

They avoid behaviors that may damage the operation of the network. Therefore, the value of the tokens is deposited in staking.

A node wishing to enter the network can do so freely by placing and blocking a certain amount of tokens that cannot be moved for a period of time determined by the token holder—being the minimum of 2 weeks.

The network has validators and delegates. Validators are in charge of securing the network, create new blocks, and process transactions. On the other side, a delegator is the owner of the AVAX token who wants to participate in staking but chooses to trust an existing validation node through delegation.

The minimum quantity that a validator must have is 2,000 AVAX in staking. At the same time, the minimum amount that a delegator must delegate is 25 AVAX.

Unlike other systems that also propose a POS mechanism, AVAX does not introduce any penalty to stakers. Therefore, the total amount of AVAX deposited in a validator is returned in full when the staking period expires.

Staking offers rates between 9.32% and 11.1%. If a user wants to obtain the highest rate of profit, they must block their tokens from staking for a whole year. There are currently 976 block validators, increasing, and the vast majority participate in the consensus that validates a transaction.

Avalanche ecosystem

The Avalanche ecosystem is young but very rich. We find platforms focused on gaming, such as AvaxCells, Avaxstars, or Polyient Games. Projects focused on NFTs such as the 420Swap marketplace, the Cryptoseals generative collectibles platform, or predictive markers such as Prosper.

Avalanche is a diverse ecosystem. However, it includes some projects dedicated to decentralized finance. Given that this sector has seen an exponential boom in the last year, it is not uncommon to see how the projects that have attracted the most traction offer finance-related products.

Markr

Markr is a yield farming aggregator for all projects that live in the Avalanche network. The platform offers a ranking of the DeFi platforms in the network ordered by the total value deposited. It also adds in its same interface all the possibilities of yield farming of the projects in the ranking.

Yield Yak

Yield Yak is one of the ones with the most traction. The platform is in second place in terms of total deposited value after Pangolin. Its main product, the YY Farms, is an autocompounder that generates an interest compounded automatically with the rewards obtained by yield farming in different protocols of the Avalanche network.

Yield Yak farms allow users to deposit an asset to earn more of that asset. When making a deposit, the deposits of each user are joined with those of other users. When performing yield farming altogether, compound interest increases and with it profits.

Gondola Finance

As fourth-ranked and with more than $13 million deposited on its platform, Gondola finance offers its users the possibility of exchanging tokens anchored to tangible assets such as stablecoins of all kinds. In addition, its purpose is to create a bridge that solves the fragmentation of liquidity that is separated in different blockchains.

Snowball Network

Finally, it is worth highlighting the Snowball Network. This is a project based on Pickle finance that has more than 14 million deposits on its platform. Snowball generates strategies from Pangolin’s yield farming opportunities. Additionally, it allows users to reduce the cost of generating compound interest in an automated way and with a high frequency.

Pangolin

Pangolin is a decentralized exchange (DEX) that works on Avalanche. It uses the same Automated Market Making (AMM) model as Uniswap.

It has a native governance token called PNG that is fully distributed by the community. The exchange offers the possibility to swap all the tokens issued in Ethereum and Avalanche. Pangolin offers three major benefits, fast and cheap operations, community-driven development, and fair and open token distribution.

Currently, Pangolin is the 23rd DEX in daily transaction volume, according to CoinGecko. It is undoubtedly Avalanche’s native DEX with the highest volume with more than 126 million daily trades on its platform.

There are currently numerous options in the field of decentralized exchanges at Avalanche. The ecosystem has just been born, and many of them are unknown and offer limited liquidity.

Among the most prominent is Penguin finance. It has a total value deposited in its funds of more than $22 million. This is a far cry from the more than $200 million deposited in Pangolin. Other options are Lydia finance with more than $6 million deposited and Baguette exchange with more than $5 million.

It should be noted that other DEX’s such as SushiSwap or Beefy Finance, despite being native to other networks such as Ethereum or Binance Smart chain, have incorporated the Avalanche network into their systems.

Wallets

Avalanche has several options when it comes to storing crypto assets. A user can configure Metamask to work on the Avalanche network in a straightforward way.

In addition, the network has an official wallet created by the same team, the Avalanche Wallet. Another option for those users who opt for an online wallet is Sinzu. For those users who keep their cryptocurrencies in cold wallets, Ledger already has compatibility for this network.

Avalanche going forward

Despite being a fairly new platform, Avalanche has made some serious ground in the DeFi space. In under a year since its mainnet went live it has picked up positive response and integration.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Albert Dansa es un entusiasta de la tecnología y de todo lo disruptivo, lleva desde 2017 como inversor en el ecosistema blockchain, y estudiando y monitorizando continuamente el sector de las finanzas descentralizadas. Estudió filosofía y música en Barcelona, amante del conocimiento y de todo aquello que pueda hacer evolucionar al ser humano.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/defi-deep-dive-avalanche-defi-in-under-a-second/

Continue Reading

Blockchain

Dogecoin Breaches More Demand Zones as Sellers Threaten To Short Further

Dogecoin (DOGE) has fallen and it is trading above the $0.3070 support at the time of writing. The recent price fall has erased the previous bullish gains of the upward correction.

Published

on

Jun 13, 2021 at 09:27 // News

If the bears continue their bearish run, the downtrend will resume below the $0.30 support

Dogecoin (DOGE) has fallen and it is trading above the $0.3070 support at the time of writing. The recent price fall has erased the previous bullish gains of the upward correction.

Buyers have earlier pushed the crypto to a high of $0.44 but the bullish momentum was terminated. DOGE fell to $0.30 low and it is capable of further downward move. The market may decline to the low of $0.28 or $0.25 if the bears break below the $0.30 support level. If the bears continue their bearish run, the downtrend will resume below the $0.30 support.

Dogecoin indicator reading 

The altcoin has fallen to level 42 of the Relative Strength Index period 14. It indicates that the crypto is in the downtrend zone and capable of falling on the downside. DOGE is below the 20% range of the daily stochastic. It indicates that the altcoin is now in the oversold region of the market. Buyers are likely to emerge as Dogecoin reaches bearish exhaustion. 

1623514703622_DOGE+-+COINIDOL.png

Technical indicators:  

Major Resistance Levels – $0.80 and $0.85

Major Support Levels – $0.30 and $0.25  

What is the next direction for Dogecoin?

Dogecoin is in a downward move. The bullish gains of the crypto have been erased. The Fibonacci tool has indicated the extent of the downward move. Meanwhile, on June 4 downtrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. This retracement indicates that the altcoin will fall to level 1.618 Fibonacci extension or level $0.2964. 

1623514703083_DOGE+-+COINIDOL+2+chart.png

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinidol.com/dogecoin-demand-zones/

Continue Reading

Blockchain

Kyber Network (KNC) Price Prediction 2021-2025: Will KNC Hit $4 by 2021?

Kyber Network (KNC) Price Prediction 2021-2025. Will the liquidity and transferable features of KNC make it hit $4 by 2021?

Published

on

Table of Contents

Rate this post

Are you a crypto aficionado? If yes, then you must be familiar with the Kyber Network protocol and the Crystal token.

Technology-backed cryptocurrencies and algorithmic software seem to be in charge of the realm of decentralized finance (DeFi), with Blockchain being the most talked-about issue. Kyber Network (KNC, native token) is an Ethereum-based crypto asset that is one of the must-have beauties among crypto assets. Kyber Network can be used to move tokens from a variety of crypto wallets, dApps, and DeFi platforms.

Are you interested in learning more about Kyber Network and making a KNC investment?

Let’s analyze Kyber Network’s specifics and its importance to the DeFi ecosystem before looking at Kyber Network price prediction.

What Is Kyber Network (KNC)?

The Kyber Network was established in 2017 and is built on decentralized blockchain technology that allows tokens to be transferred without the requirement of a middleman. It also provides liquidity for DeFi apps, allowing KyberSwap to integrate over 100 DeFi apps. Kyber Network is managed by KyberDAO, a decentralized autonomous organization run by DAO (its native token) holders.

Yaron Welner, Loy Luu, and Victor Tran are among the members of the Kyber Network team. Loy Luu co-founded SmartPool and built Oyente, and brought his excellent technical knowledge to the team. Yaron Welner has been active in the Ethereum bug-hunting program and Tran is also the principal developer for SmartPool.

As the Blockchain protocol is at the heart of the KNC coin, programmability is its primary focus. It allows users to gain from digital money and other marketplace transactions.

Kyber Network allows developers to create and work on smart contracts that automatically carry out tasks under particular situations. Kyber Network has been committed to upgrading the protocol regularly to provide enhanced security, usability, and decentralization.

Does it sound interesting to you? Let’s dive deeper to understand its features and how it works.

Liquidity to DeFi and Kyber Network

Liquidity is a phrase used in the Cryptocurrency ecosystem to define the ability to swap an asset without significantly impacting the volume of trading activity in a market, as well as the capacity to swiftly cash it out. Moreover, liquidity is crucial for user-friendly markets, but new DeFi protocols can make it difficult to establish and retain this functionality.

In traditional financial markets, liquidity providers are centralized firms such as financial institutions or banks. Using centralized enterprises to supply liquidity in DeFi marketplaces, on the other hand, would be in direct opposition to the ecosystem’s decentralized ethos. As a result, permissionless protocols like Kyber Network have gained traction, with the goal of creating a world in which any value token can be used for swaps in any wallet, payment services, or other financial products.

READ  IBM Spent More on Stock Buybacks than its Market Capitalization

The Kyber network, which is listed on prestigious cryptocurrency exchanges such as Upbit, Binance, provides traders with a secure platform. The Singapore-based company has excellent potential in the future, forming several partnerships and collaborations. It allows for lower fees and a more comprehensive range of digital assets to choose from and make investments.

The momentum for Kyber Network (KNC) has intensified due to successful tie-ups, resulting in creating a vast smart contract ecosphere. The Kyber network has fashioned spectacular growth due to its DeFi platform powered by Blockchain.

How Does Kyber Network Work?

Kyber Network is a collection of smart contracts that may be developed on any Blockchain that supports smart contracts, albeit it is only available on Ethereum as of December 2020. The protocol collects liquidity from a variety of sources, such as market makers, token holders, and decentralized exchanges, and consolidates it into a single network-wide liquidity pool.

Anyone can contribute to the Kyber network’s liquidity. Kyber Network’s three core users (vendors, dApps, and crypto-wallets) may execute quick token swaps without the need for a middleman.

Every trade in the KNC network includes the token that represents the fundamental asset. Ether (ETH) acts as this token in the Ethereum version of the protocol; hence any transaction must include an ETH for another token exchange.

To understand it clearly, let’s pretend you wish to exchange BAT for DAI.

The first step is to submit BAT to a smart contract on the Kyber Network. After that, the contract searches all of its funds to obtain the best BAT to ETH exchange rate. The BAT is subsequently sent to the reserve that offers the best BAT to ETH conversion rate.

Then, ETH is sent to the contract by the reserve, and the contract searches for the best ETH to DAI conversion rate. Following that, ETH is sent to the reserve by the contract with the best ETH to DAI exchange rate. Finally, you will receive your DAI from the reserve.

KNC and KyberDAO

KyberDAO allows KNC holders to participate in the governance of Kyber Network, allowing them to vote on the network’s reserve rebates, fee model, and other ideas by staking their tokens and earning ether-based staking rewards.

KNC is a staking token with a deflationary supply, which will decrease with time. As of December 2020, KNC is just an ERC-20 token. However, Kyber Network expects it to be adopted on additional Blockchains in the future. Despite this, its supply will be regulated as if it were a single token, and Kyber Network is working on technology to allow KNC to be transferred between blockchains.

Kyber Network’s comprehensive protocol is known as an on-chain, decentralized solution to liquidity issues over DeFi’s platforms, as well as ecosystem-wide usefulness for ERC-20 tokens.

Price Analysis of the KNC

Even if it is tough to anticipate prices for Cryptocurrencies, making a Kyber Network price prediction is complex due to the high market volatility and the significant trading influence on asset values. However, fundamental and technical analysis is still possible with the help of algorithms and statistics.

READ  Meerkat Finance Drained By $31 Million Due to hack. Is Binance Safe?

To find out if KNC deserves a spot in your portfolio, let us look at the historical price behavior of KNC.

Flashback: Kyber Network (KNC) Historical Analysis

Following its debut in 2017, KNC’s first large price increase (from $1 to $4) came around the beginning of 2018, suggesting a large surge in early investor interest. For the rest of 2018 and 2019, it increased at a much slower rate. During these years, its price fluctuated around $0.50.

Nonetheless, it has been steadily increasing since the beginning of 2020, with some sharp drops in between. Since March, the price of Kyber Network has been above $0.50.

Surprisingly, the KNC price fluctuated substantially between $0.45 and $1.60 when all other currencies were performing poorly. As a result, Kyber Network (KNC) was able to gain investor confidence and saw a considerable surge in adoption. At the time of writing, the Kyber Network was trading for around $2.06.

Kyber Network (KNC) Price Prediction 2021

The cryptocurrency market has seen a tremendous surge in sentiment this year. Traders and investors have begun to bet on the long-term KNC trend, resulting in favorable price estimates for the entire year. As a result, the price of Kyber Network is expected to grow to roughly $3.7 (before rising to $4.2), making it a sure-fire asset for your portfolio.

Kyber Network (KNC) Price Prediction 2022

In 2022, the KNC coin is predicted to follow the same optimistic trajectory as in 2021, making an investment in the coin beneficial. Following the upswing pattern versus the US dollar, Kyber Network’s price may approach $5, showing that the company’s post-pandemic reflection is pretty spectacular.

Kyber Network (KNC) Price Prediction 2023

The year 2023 may not be ideal for increasing the price of KNC, especially if competitors catch up and exhibit resistance, or markets show a slump, keeping the price of KNC at $6.5 in 2023.

Kyber Network (KNC) Price Prediction 2024

Even though such possibility does not exist amidst bulls riding the Crypto market, Kyber Network’s price will rule with a stunning performance across the $7 mark in 2024, proving that the KNC price can not only endure but even expand gradually under difficult conditions.

Kyber Network (KNC) Price Prediction 2025

Because of the recovering international economy, 2025 could be a watershed moment for KNC, as the Kyber Network pricing is predicted to top $8 (post-pandemic). With widespread adoption, KNC’s price is predicted to rise to around $8.3 (an all-time high record) by the end of 2025, or even to $9 by the start of 2026.

Kyber Network (KNC) Price Prediction: Market Sentiment

The KNC token prices are viewed differently by each market. Let’s take a look at them now:-

TradingBeats

Trading Beasts is bullish on the price of KNC, predicting that it will reach $5 by 2024.

Coin Switch

Many Kyber Network initiatives are testing products and forming creative partnerships, resulting in a price increase for Kyber Network, which is expected to be around $3.797 in five years.

READ  Technical Analysis – Uniswap (UNI), Kyber Network (KNC), and Nexus Mutual (NXM)

Walletinvestor

According to Wallet Investor’s Kyber Network price forecast, the currency would lose more than half of its current value by the first quarter of 2022, resulting in a price drop to $3.87.

Crypto Rally

Kyber Network’s price is expected to reach $10.39 by 2022, following a continuous long-term and short-term price increase.

DigitalCoinPrice

According to Digital Coin Price specialists, the KNC coin has a negative condition. Pessimistic traders, or bears, will push Kyber Network, like other Crypto heavyweights, lower. By the end of 2021, it may surprise investors by barely breaking even at $5.

Gov Capital

The price of Kyber Network is projected to be $6 by Gov Capital by the end of 2025.

Our Kyber Network (KNC) Price prediction

Based on the price behavior of the KNC coin and market sentiment, we believe that the price of Kyber Network may reach $2.50 by the end of 2021. It is only possible if the project’s team consistently establishes innovative partnerships and upgrades its product.

The Kyber Network has become one of the most admired coins in the DeFi ecosystem because of its ability to inject liquidity into the market without the help of any intermediary.

When making investments, it’s important to remember that there are some risks involved, such as Cryptocurrency prices are highly volatile, which is advantageous if you want to make quick money. However, it is always preferable to acquire or sell assets that you can play with and estimate the price.

Despite high volatility, Is KNC a good investment?

KNC is indeed a good investment but it does not mean that it will make you an overnight billionaire. Investments give positive results only when they are kept for a long period of time. The same holds true for KNC. It is a good investment for long-term investors.

Conclusion

Kyber Network team works hard to make the KNC coin more reliable and secure for the traders through innovative product upgrades and partnerships. All these efforts lead to a hike in investor trust, thereby a significant price rise of the coin.

It is discovered that the various markets have an optimistic mindset in terms of Kyber Network price prediction. However, there are no false promises with respect to an overnight price rise and making traders billionaires instantly.

At the same time, there is no hopelessness. The growth of the network and its native token depends upon its widespread adoption. Consequently, the price of Kyber Network is estimated to fluctuate between $2 and $2.5 by the end of 2021. Hence, before investing any money, investors must conduct rigorous due diligence on the currency and investments should be made strategically and prudently.

The author(s)’ opinions and views in this post are entirely their own, and do not reflect those of Cryptoknowmics or its administration. The material on the Site is offered solely for educational reasons. It does not constitute an endorsement of any DeFi coin or other Cryptocurrencies, nor does it represent investment or trading advice.

#KNC Price Prediction #Kyber Network

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/kyber-network-knc-price-prediction-2021-2025-will-knc-hit-4-by-2021

Continue Reading
Blockchain56 mins ago

Digital turns physical: Top NFT galleries to visit in-person in 2021

Blockchain1 hour ago

DeFi Deep Dive — Avalanche, DeFi in Under a Second

Blockchain1 hour ago

Dogecoin Breaches More Demand Zones as Sellers Threaten To Short Further

Blockchain1 hour ago

Kyber Network (KNC) Price Prediction 2021-2025: Will KNC Hit $4 by 2021?

Blockchain1 hour ago

Kyber Network (KNC) Price Prediction 2021-2025: Will KNC Hit $4 by 2021?

Aviation3 hours ago

IndiGo Builds Up Cash Reserves As It Prepares For Third Wave

Crowdfunding3 hours ago

Newsletter: Safer driving + The Cat in the Hat

Crowdfunding3 hours ago

Newsletter: Safer driving + The Cat in the Hat

Blockchain3 hours ago

DeFi will bring global revolution to the traditional finance space

Aviation4 hours ago

UK Airlines Prepare For Setback Over Delay In Lifting Restrictions

Cleantech4 hours ago

Oregon On Verge Of Requiring 100% Clean Electricity By 2040

Cleantech4 hours ago

Oregon On Verge Of Requiring 100% Clean Electricity By 2040

Blockchain4 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain4 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain4 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain4 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain4 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain4 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain4 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

Blockchain4 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain4 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

Big Data5 hours ago

Exclusive-Toshiba’s No.2 shareholder calls for immediate resignation of board chair, 3 directors

Blockchain5 hours ago

Many Countries Might Follow El Salvador’s Suit to Make Bitcoin Legal Tender

Blockchain5 hours ago

Kraken Daily Market Report for June 12 2021

Blockchain5 hours ago

Kraken Daily Market Report for June 12 2021

Aviation6 hours ago

UAE Extends India Travel Ban Until July 6th: Is The End Near?

Blockchain6 hours ago

Bitcoin (BTC) Price Prediction: BTC/USD Falls as Bitcoin Revisits $30,000 Low

AR/VR6 hours ago

Upload VR Showcase Recap: Everything Announced for the Oculus Quest and Rift Platforms

Blockchain6 hours ago

Bitcoin Cash Price Prediction – BCH/USD Searches for $500 Support

Aviation6 hours ago

How Would A Hydrogen Powered Plane Work?

Trending