Kin Price prediction
The Kin coin was released through the Ethereum blockchain. It was created to be the core currency in the ecosystem of Kik Messenger. Before the creation of Kin, Kik points were supposed to be a system for rewards. However, it didn’t have much success and was therefore ended in 2017 when Kin was released.
Kin is an abbreviation for Kinship and the aim was to reinforce bonds among the members of the Kik community. It was a bit successful based on its release through the ICO as it 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 USSEC.
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. How this affects the market we have yet to see.
How does the Kin Coin work?
This coin works by giving rewards to creators that provide a great experience for users in connection to their engagement with kin. It provided a model monetizing software that appealed to users to adopt the new use case and thus, created value for the cryptocurrency. This Kin coin’s blockchain functions independently through a model of federated consensus.
It is stated that 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 Although this seems to already be a norm, Kin token can be converted to cash and then withdrawn by players.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. This is beneficial to creators of multiple games as it helps them 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, it plummeted right after and maintained 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 about 6 months ago.
How much is Kin worth?
As of October 26th, 2020, Kin has:
- A current price of: $0.000029
- A Market Capitalization of: $43,645,966
- A 24-hour volume of: $585,748
- A Circulating Supply of: 1,518,114,145,968 KIN
- A Total supply of: 10,000,000,000,000 KIN
User numbers have been increasing, to an extent that Kin had to move from the Stellar blockchain fork to Solana’s blockchain in June 2020. Despite this, Kin price has remained at an all-time-low.
Kin Price Prediction for 2020-2025
Using advanced algorithms and technical analysis, the price of Kin in the future has been predicted by trusted prediction platforms. These price predictions inform traders about the long term value as well as the short term value of Kin to help them make their investment decisions and decide if they want to add kin to the crypto coins they trade on Binance. It will cover kin price prediction based on AI algorithms within 1 year and as far as 5 years.
Kin price prediction by Crypto Rating for the future
Crypto rating advises traders to pay attention to the volatility index of Kin because it shows the price fluctuations of Kin every month. The present volatility index of Kin remains at 1 on September 21st, 2020 which doesn’t show much hope in the price of kin.
Historical data shows the previous Kin price of $0.000010 has been unchanging for some time but is seeing a change now due to the recent Bitcoin price hike. In lieu of crypto-breakthroughs such as becoming the 6th largest global currency, the EU incorporating crypto in future ventures; KIN might just begin to grow from here on.
Technical analysis of the Kin market environment indicates in 1 year, the price of kin might reach $0.000036 due to attention drawn by huge investors. Kin price is predicted to stay around the range of $0.000039 throughout 2021. It will then increase slightly to $0.000042 in 2022 and also $0.000045 in 2023. 2024 will see the price around $0.000057 and then the highest will be around the range of $0.000084 in the year 2025.
Kin Long Term Prediction Forecast
Our top-notch algorithm has presented us with Kin price as it will be for the next five years. In 2021, the price of Kin will experience a 111.51% increase in one year and stand around $0.000021. The price will then get even higher at $0.000027 with 176.69% in 2022. 2023 will witness an even higher increase of 202.15% as the price of Kin will travel to $0.000030. 2024 will begin with Kin being priced at $0.000033 and the increase to @0.000064 where it will remain steady till 2025.
This significant increase in Kin price over the years shows that the odds are going to be in the favor of Kin in the future.
Kin Price Prediction Chart for 5 years
The chart below shows the Long-term forecast of Kin p as presented in the table above:
Digital Coin Kin Price Prediction in the Future
Digital coin price which is a trusted price prediction platform predicts that with consideration of Kin current price, the lowest price of Kin in the future will be around the range of $0.00001103 while the highest kin price will ever be is $0.00004459. Digital coin forecast 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 $0.000001778 in 1 year. The price of Kin will remain steady throughout the year and then increase to $0.00002211 in 2022. The Kin price is still predicted to climb up to $0.00002694 in 2023. By 2020, the price of kin is predicted to increase to $0.00002891 and then finally get to $0.00003744 after 5 years in 2025.
Is Kin a Good Investment?
Based on the price predictions of Kin, it can be termed as a market survivor. Kin has true value and, therefore, cannot vanish from the crypto market. Historical data gathered shows the coin might not yield so much profit short term, so investors should proceed with caution. The market for mobile games is a growing one and that is what Kin capitalizes on.
Will Kin coin 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.
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.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.