Simplex is an EU-licensed financial institution, providing fiat infrastructure for the cryptocurrency industry – with the goal of making cryptocurrency accessible for everyone. Simplex accepts a wide range of payment methods, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, and more.
The Kin Website will buy modules provided by Simplex, which makes Kin more accessible for both current community members and newcomers to the Kin ecosystem to acquire and spend in their favorite ecosystem applications.
Won’t the partnership complicate matters? In this article, we will check the KIN price prediction for 2022 and beyond.
What is KIN?
KIN is an abbreviation for Kinship, and the aim was to reinforce bonds among the members of the Kik community. Its 2017 ICO raised close to $100 million. However, KIK Messenger was sold to MediaLab in 2019 to keep KIN going during a lawsuit between KIK and the US SEC.
The lawsuit has now been finalized, as reported on October 23rd, 2020. For the next three years, KIN must inform the SEC of every time it plans to sell digital assets. Currently, KIN holds a position of #267 in the crypto market and is currently undergoing recovery from the bearish trend due to the fall of Bitcoin.
KIN is compatible with several wallets like Kinwallet, Exodus, Citowise, and Infinito wallets. It is also listed in exchanges like HitBTC, IDEX, OTCBTC, and COSS and therefore, one of the good investments.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|KIN||$ 0.000060||$ 101.60 M||2.55%||1.68 T||$ 3.71 M|
KIN Network & Signals
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How does the KIN Coin work?
With the recent partnership with Simplex, there’s a revised process:
Purchasing Kin is now as easy as a few steps, and can be completed in a matter of minutes. Simplex transactions are fast & efficient, with a typical process timing of 10-30 minutes in regular circumstances. They also offer 24/7 customer support to answer questions and help with any technical issues users may encounter.
- Enter your Kin deposit address from your favorite Kin app or preferred wallet that supports the KIN SPL token along with the amount of KIN you would like to purchase.
- Enter your Debit or Credit (VISA & Mastercard accepted) payment information.
- Confirm payment and complete your purchase.
- You’re done – it’s that easy.
This coin works by giving rewards to creators that provide a great experience for users in connection to their engagement with Kin. A model for monetizing software that appealed to users was adopted for the new use cases and thus, created value for the cryptocurrency.
This KIN coin’s blockchain functions independently through a model of federated consensus. A maximum of 10 trillion KIN will ever be produced, and it was created in mass so that every user in the world can adopt KIN conveniently.
KIN allows game creators to embed crypto rewards in their various applications. This allows the game players to get the KIN token whenever they perform some tasks on the platform.
Players can also use these Kin tokens to purchase items within the game. Although this seems to already be a norm, the KIN token can be converted to cash and then withdrawn by players.
Added to this, those who are rewarded with tokens can use these tokens in other games if they want. Creators of multiple games benefit more as they can promote their other games on the platform. Developers are not left out as they also get tokens when they use the platform.
KIN price history
When KIN was launched in September 2017, it made its creators close to $100 million in the first month. However, it received little attention after that, and its all-time high experienced in 2018 was when it was sold at $0.00122572 in January.
However, a KIN price rise was noted right after this event and helped maintain the price between $0.00000592 and $0.00000849. It plummeted at the beginning of 2020 once again when it experienced its all-time low of $0.00000239.
The current market cap of the coin is $168,736,441.43 while the KIN’s price today rests at $0.0001111.
KIN technical analysis
But, as of now, KIN coins are not listed on Binance and other prominent crypto exchanges. You can find KIN coins on platforms like Cointiger.
According to the 4-hour chart, the price of KIN seems to be showing a reversal after a failed break-out attempt from the upper end of the Bollinger Band. The price of the coin seems to have lost the 50-day Moving Average but is above the 100-day Moving Average. We might expect the continuation of this trend in the short term.
KIN price prediction by CryptoGround
Historical data and data analysis show that the previous KIN price of $0.00001 had been unchanging since 2019. Thereafter, in the recent bull run, as Bitcoin went up, KIN also went up and reached a price of $0.00044. With the onset of the bear market, every coin dropped.
Technical analysis of the KIN market environment by CryptoGround indicates in 1 year, the price of KIN might reach $0.0002 in one day due to attention drawn by huge investors.
KIN price prediction says that the price of KIN will stay around the range of $0.0001 throughout 2021 with the possible lower price change.
The price of KIN will be along the lines of $0.0001 for 2021-2022 mid, and from there, the price of KIN is expected to reach $0.0135 in about five years.
This significant increase in KIN price over the years shows that the odds are going to be in favor of KIN in the future. The cryptocurrency price has a good future and might prove to be a decent investment for all users.
KIN price prediction by DigitalCoin
Digital coin price, which is a trusted price prediction platform, predicts that with consideration of KIN’s current price, the lowest price of KIN in the future will be around the range of $0.0001645305 by 2021, while the highest price will be $0.0004941958 by 2028.
Digital coin forecast for KIN price will only increase and not decline as the year goes on. Based on its kin forecast, it will be profitable to invest in KIN.
The price of KIN is predicted to lay around the range of $0.0001811407 by the end of this year and will increase to $0.0001804009 in 2022.
The KIN price is still predicted to climb up to $0.0002621593 in 2023. From 2023, the price of kin is predicted to increase from $0.0003265054 and then finally get to $0.0005281231 after five years in 2028.
Kin price forecast by WalletInvestor
According to Wallet Investor, KIN will be trading 0.00018 by August 2022. This means that after the ending of the current bearish look, we might see a bull sentiment in the market. In the long-term of five years, we might see the price reach $0.00051.
According to Wallet Investor analysis, the KIN price will not crash and will come out to be one of the decent cryptocurrencies in the future. Also, Wallet Insider comments that it is not possible for the KIN price to change into a dollar anytime soon.
KIN price forecast by TradingBeasts
KIN token prices for the future by TradingBeasts represent an average of 0.0001324 USD by the end of 2021, 0.0001229 USD by the end of 2022, and 0.0001862 USD by the end of 2023.
FAQs about KIN
Is KIN a good investment?
Based on the price predictions of KIN, it can be termed as a market survivor. KIN has actual value and, therefore, cannot vanish from the crypto market. According to our investment advice, KIN can give good returns in terms of money.
Historical data gathered shows KIN might not yield so much profit short term, so investors should proceed with caution and not gamble. The reason is that BTC is going down right now, and when BTC sees a price drop, all crypto sees a price drop.
The market for mobile games is a growing one, and that is what Kin capitalizes on. But it is possible to gain a lot of profit from this asset as it will see a price increase in the future as algorithm data predicts.
Will the KIN price recover?
KIN has partnered with Unity lately, the creators of the popular Pokemon Go game. KIN is owned by Kik, which is a popular messaging app. Therefore it has great potential in the future.
Investing in KIN shows you’re hoping that this trend doesn’t cease anytime soon and will grow in the future. If it continues, KIN could soon be among the list of best crypto to mine.
However, historical data shows that KIN and its market environment have been stuck in a bear market cycle for about one year. Therefore, there may be a negative trend in the future, and the market cap might decrease in the short term.
So it might not be a good idea for a short-term investment. Nevertheless, the KIN price has the potential for profitability when invested in the long term, as seen in digital coin kin price predictions.
Will KIN reach $10?
KIN can’t reach $10 in the near future.
How do you get a KIN Token?
There are several ways to get a KIN token, but the most popular way is through gaming. Several app developers have ingrained KIN into their games, and through the reward system that KIN was designed to be, players get rewarded for activities.
The activities could be as little as simply logging in daily or watching an ad. Whatever it is, players are rewarded with KIN Tokens. You can also purchase KIN at several exchanges like Coinbase and its alternatives.