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Kyber Price Prediction 2023-2030: Is A Price Surge Imminent?

kyber price

Kyber Price Prediction 2023 – 2031

Kyber Network has become one of the crowning glories of the blockchain industry and crypto trade. Its native token, the KNC, has seen exponential growth in popularity since the network was launched back in 2017. Kyber Network is on the rise this week. The price of Kyber Network has risen by 18.27% in the past 7 days. The price increased by 17.46% in the last 24 hours.

Kyber’s native token, KNC, captured the attention of the cryptocurrency community after the KyberDAO and Katalyst improvement, which added staking features.

Kyber Network is the first tool that allows anyone to instantly swap tokens without the need for a third party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols. With Vitalik Buterin as one of their advisors, one can expect more developments.

Today’s Kyber Network Crystal v2 (KNC) price today is $0.731455 with a 24-hour trading volume of $132,103,455. Kyber Network Crystal v2 is up 18.15% in the last 24 hours. The current CoinMarketCap ranking is #164, with a live market cap of $120,612,334. It has a circulating supply of 164,893,760 KNC coins and a max. supply of 226,000,000 KNC coins.

Read also: Bitcoin, Binance Coin, Loopring, and Kyber Network Daily Price Analyses – 26 April Roundup

What is Kyber Network?

Kyber Network is an Ethereum-based decentralized exchange. An on-chain liquidity protocol allows users to perform a decentralized token swap. It connects the cryptocurrency ecosystem and provides a means for instant, seamless and secure transactions.

Kyber Protocol users can instantly convert or exchange any cryptocurrency through the platform. 

The protocol was established on the core values of instant settlements, ease of integration for on-chain operation, and plastic agnostics.

As a liquidity protocol, some of its unique liquidity features include as many cryptocurrencies as possible, interoperability allowing cross-chain transactions, and scalability.

The network is decentralized, meaning it does not store any data or crypto. The users remain in full custody of their crypto assets. This reduces risks since the security of the crypto assets is determined by how secure the crypto wallets used by the users are.

Since its launch, Kyber Network has consistently received positive reviews due to the ease of trading and that transactions are settled instantly. There has also been an increase in the number of decentralized applications (dApps) and crypto wallets turning to the Kyber network for liquidity is on the rise.

The main goal of Kyber Network is to build an ecosystem where any cryptocurrency can be used anywhere around the world.

What is KNC?

KNC (Kyber Network Crystal) is the native cryptocurrency of the Kyber Network. Besides being traded on various exchanges where it is listed, it is also used for governance in the platform. Every token holder gets the chance to vote on issues affecting the protocol.

KNC connects the various participants within the Kyber ecosystem by linking liquidity providers with those looking for liquidity.

It is primarily used for collecting transaction fees, and a certain percentage of the tokens collected through fees is burned to avoid KNC inflation. It also connects the Kyber Network to various crypto exchanges, dApps, and wallets.

Kyber Network founders

Kyber Network was founded by Yaron Velner, Victor Tran, and Loi Luu. And its headquarters is in Singapore.

Vitalik Buterin, the Ethereum blockchain founder, is one of the Kyber Network advisors.

Before Kyber, Luu was a blockchain advisor and researcher for various blockchains. He is also the founder of Oyente, the first open-source security evaluator for Ethereum smart contracts.

Kyber future outlook: Will Kyber Network see more success?

The Kyber Network has shown no signs of slowing down. They ensure capital efficiency and aggregate better liquidity mining on other protocols in the blockchain world. Besides being the biggest liquidity platform in the Ethereum DeFi space, Kyber also ensures it offers the best liquidity incentives.

Kyber Network Partnerships

Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols.

Kyber Network asserts that it is actively looking to partner with complete blockchain protocols. On November 5, 2021, they partnered with Unbound Finance (a decentralized, cross-chain liquidity protocol) on a $1 million liquidity mining campaign on the Ethereum protocol. At the moment, there are UND/USDC and UND/KNC pools on Kyber’s KyberSwap. Liquidity miners can farm and unlock their share of the rewards by putting any amount of liquidity into the eligible UND-KNC and UND-USDC pools on the KyberSwap on Ethereum.

On November 14, 2021, Elpis Battle (EPA), an open-world RPG including the play-to-earn model, chose KyberSwap for enhanced token liquidity on the Binance Smart Chain with $1 million-plus in liquidity mining rewards. This would allow the best liquidity for Elpis’s token, $EBA. In addition, it would also allow $EPA liquidity pools to maximize capital through KyberSwap’s dynamic fees.

On December 13, 2021, Kyber Network revealed that it partnered with Sipher (one of the most extensive GameFi campaigns based on the Ethereum blockchain) on a $50 million liquidity mining campaign to offer the best liquidity and mining rate for the $SIPHER token. Sipher traders will experience a much better rate than those trading on individual decentralized exchanges and incentivized. Sipher traders would enjoy better reliability and security.

Kyber network in the media

The Kyber network’s growth has been highlighted in the media. The Kyber network’s ad banner was shown recently during an English Premiership match between Watford and Westham. 

Furthermore, various news outlets, such as Forbes and Decrypt, also highlighted the growth of the Kyber network. Not only that, Kyber’s innovative features were recently covered by CryptoRank, Dapp.com, The Block, etc. Nonetheless, these media highlights will surely drive more adoption of the Kyber blockchain network.

Integrations

According to the Kyber team, KyberSwap is now integrated with top trading-analytics platforms such as DEXTools, Kattana Terminal, Coin98 Wallet, and DEX aggregators-1inch, Paraswap, 0x API, Matcha, and Slingshot. 

Addresses linking up with the platform have hiked by 438% since January 2020. More extensive usage of DEX reported record trading volumes during March, which most likely led to the growth in usage of the Kyber platform. In this price prediction article, we shall look at Kyber Network price prediction by various market analysts and speculators.

We can also recall that one of the largest decentralized crypto exchanges, KyberSwap, has integrated the Chainlink oracles for price feeds on its platform. The on-chain oracle network would complement the previous asset pricing model on the exchange provided by Kyber Network.

But before delving into the Kyber price forecast, it would be necessary to first look at what Kyber is all about.

Kyber Network Price History

Kyber Network Crystal was first listed on exchanges for trading in 2017, and its first price hike occurred at the beginning of 2018. At the time, the price jumped from $1 to around $4.

The price, however, took a downturn in the remainder of 2018 and through 2019 to trade at below $0.50. The following year, 2020, saw the coin make considerable market swings which kept its price well above $0.50.

In 2021, the Kyber price started skyrocketing following investors’ increased confidence in the network. The prices surged from $1 to above $3 in April before retracing to trade around $1 between mid-June and mid-July.

Starting July 21, the price started another bullish trend that continued to date.

Towards the end of August, Kyber Network, through a decentralized autonomous Organization, the KyberDAO, performed an upgrade resulting in the Kyber Network Crystal v2. The old token symbol was changed to KNCL, which stands for Kyber Network Crystal Legacy, while the new one retained the original KNC symbol.

Kyber Price Prediction 2023-2030: Is A Price Surge Imminent? 1

Figure 1. Historical price chart of the KNCL coin by Coinmarketcap

Kyber Price Prediction 2023-2030: Is A Price Surge Imminent? 2
Kyber Price Prediction 2023-2030: Is A Price Surge Imminent? 3
Source: TradingBeasts

Currently, the KNC is trading above $2 with a live market cap of $351,375,415 and a circulating supply of 173,204,591.59 KNC.

What affects KNC price?

Over the recent past, several things have taken place, and they have had a direct or indirect effect on the KNC and KNCL tokens’ prices. 

  • First, there is the increased use of the Kyber Network Protocol within the decentralized finance (DeFi), which has boosted KNC adoption.
  • Then there is the upgrade and migration of KNC to a new token contract led to a hard fork with the KNC symbol being retained for the new token and KNCL symbol being assigned for the previous Kyber Network token.
  • Kyber has positioned itself among the top cryptocurrencies. Still, it is yet to maximum exploit that potential, although there is speculation that the recent chronology of events may have advanced effects on the token’s price.

TL;DR Breakdown

  • KNC Price Prediction for 2023 – up to $1.13
  • KNC Price Prediction for 2025 – up to $2.32
  • KNC Price Prediction for 2028 – up to $8.00
  • KNC Price Prediction for 2031 – up to $25.24

Kyber Technical Analysis

Kyber Price Prediction 2023-2030: Is A Price Surge Imminent? 4

Kyber Network price analysis for November 30, 2022, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the KNC market. The price of Kyber Network has remained bullish over the past few hours. On November 29, 2022, the price reached $0.6108 to $0.6333. However, the market increased in value soon after and gained more value. Moreover, Kyber Network has increased and reached $0.7124, just moving onto the $0.7200 mark.

Kyber Network price analysis reveals the market’s volatility following an opening movement. This means that the price of Kyber Network is becoming more prone to the movement towards either extreme, showing increasing dynamics. The Bollinger’s band’s upper limit is $0.6781, which is a support point for KNC. Conversely, the lower limit of Bollinger’s band is $0.5425, which is the strongest support point for KNC.

The KNC/USD price appears to be moving over the price of the Moving Average, signifying a bullish movement. The market’s trend seems to be dominated by bulls. Moreover, the KNC/USD price appears to be moving upward, illustrating a further increasing market. The market appears to be showing bullish potential.

Kyber Network price analysis reveals that the Relative Strength Index (RSI) is 54 showing a stable cryptocurrency market. This means that cryptocurrency is in the central-neutral region. Furthermore, the RSI appears to move upward, indicating an increasing market. The dominance of buying activities causes the RSI score to increase.

Kyber Network price analysis reveals that the cryptocurrency follows an increasing trend with much more room for activity on the positive extreme. Moreover, the market’s current condition appears to be following a positive approach, as it shows the potential to move to a bullish extreme. The market shows much potential for development towards the increasing end of the market.

Kyber Price Predictions by Cryptopolitan

2022 was an extremely indecisive year for the Kyber Network token; however, with two months left in 2022, we predict that the maximum price for November will cap at $$0.68, and the year will end with a high value of $0.71 in December. There is hope that the coin will rise to new highs in the coming year.

Kyber Price Prediction 2023-2030: Is A Price Surge Imminent? 5
YearMinimum PriceAverage PriceMaximum Price
20230.640.821.13
20240.911.151.62
20251.311.732.32
20261.962.483.52
20272.963.865.28
20284.605.898.00
20296.628.4811.87
20309.7112.3217.38
203114.2617.7325.24

Kyber Price Prediction 2023

Kyber KNC price prediction 2023 by Cryptopolitan expects an overall bullish trend leading to a maximum price of $1.13, indicating a significant gain on the current price. We also anticipate a minimum price level of $0.64 and an average market price of $0.82. Their new developments and frequent updates could influence the price levels of the cryptocurrency. Kyber price prediction 2022 has been a really on-and-off annual roller-coaster for cryptocurrency, let’s hope 2023 will be better.

Kyber Price Prediction 2024

Kyber is forecasted to attain a maximum value of $1.62 based on our Kyber price forecast for 2024. Investors can expect an average price of $1.15, with its lowest possible price set at $0.91.

Kyber Price Prediction 2025

Our Kyber coin price prediction for 2025 anticipates Kyber to reach a maximum price of $2.32 by the end of the year. A minimum price of $1.31 and an average forecast price of $1.73 are expected. With a higher adoption of blockchain-based applications in the future, Kyber prices could see an enormous increase in value.

Kyber Price Prediction 2026

According to our KNC price forecasts is anticipated to have an overall bullish market based on our Kyber price prediction for 2026, leading to a maximum price of $3.52 and a minimum price of $1.96, respectively. An average market price of $2.48 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.

Kyber Price Prediction 2027

According to our Kyber token price prediction for 2027, Kyber investors will record huge profits, as the cryptocurrency could reach a peak price of $5.28. Throughout the year, Kyber is assumed to maintain an average price of $3.86 and a minimum value of $2.96. Due to reduced fees, transparency, security, as well as faster transactions, Kyber could witness a surge in price.

Kyber Price Prediction 2028

Based on our KyberCoin Kyber price prediction for 2028, Kyber could trade between $4.60 to $8.00. The expected average price is $5.89. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price. 

Kyber Price Prediction 2029

According to our Kyber price prediction for 2029, the coin will trade at a maximum Kyber price of $11.87, indicating an increase in the current price of up to a significant amount. The digital coin is expected to maintain an average trading price of $8.48 and a minimum price of $6.62 throughout the year.

Kyber Price Prediction 2030

According to our Kyber price prediction for 2030, Kyber is predicted to attain a maximum price of $17.38. We also anticipate a significant increase in the price support level leading to a minimum price of $9.71 and an average market price of $12.32.

Kyber Price Prediction 2031

Kyber is predicted to maintain an overall bullish trend leading to a peak Kyber Network crystal price of $25.24 based on our Kyber price prediction for 2031. The price indicates a significant increase in the current market price. An average price of $17.73 and a minimum price of $14.26 is expected. The digital coin has huge potential that could attract many users, influencing these high prices.

Kyber Price Predictions by Digital Coin Price

According to DigitalCoinPrice, the Kyber Network price will average $2.21 this year by 2022. According to the same website, the coin will reach $2.43 in 2023 before falling to $2.33 in 2024 and rising again to $3.22 in 2025. In 2026, KNC will fall to $2.94 before rising to $3.70 in 2027.

Kyber Price Predictions by CoinSwitch

An all-around positive price projection for the price of Kyber Network is anticipated as a result of the fact that many Kyber Network projects are transitioning from the idea stage to the testing stage and that by the end of the year, a sizable number of projects would have been finished. The estimated price of KNC in 5 years is $3.797.

Kyber Price Predictions by GOV Capital

According to Gov Capital’s KNC price predictions, the KNC price should be $1.70 at the end of this year before rising to $2.81 on August 11 of 2023. It ought to have climbed to $8.91 a year later. According to the website’s Kyber Network price forecast, the cryptocurrency will start the year at a little under $13.23 before rising to $15.60 on August 11. More gain is anticipated, and it should end the year at $20.85. It will be valued a little under $23.39 on August 11th, 2026, and should be worth $32.45 a year later.

Kyber Price Predictions by Industry Influencers

Follow the discussion by @KEBULANBARENGCRYPTO on the valid reasons for the KNC price pump sometime in the following days.

Screenshot 244

Conclusion

Although the predictions are generally positive, you should keep in mind that long-term predictions frequently turn out to be inaccurate, so it is crucial to conduct your own research before considering making any investments. If you’re considering buying KNC, keep in mind that the value of cryptocurrencies can fluctuate greatly and go both up and down. Never put more money at risk than you can afford.

The fact that Kyber Network’s business approach enables them to draw in additional market makers gives them a solid foundation for further advancements and breakthroughs. The crypto community may find these new improvements and advantages more intriguing as a result. Having said all of that, keep in mind that the cryptocurrency market can be extremely volatile, so it is not surprising that opinions among experts on the platform’s future are divided.

The price predictions for Kyber Crystal Network are quite positive, offering investors a token potentially worthy of their portfolios. With further developments in the Kyber ecosystem, coupled with integration with more DEX tools, we could see the token garnering more adoption and reaching new milestones soon. 

In addition, Kyber aims to increase the variety of token pairs and enhance liquidity and liquidity pools. The team behind it has also revealed that it would adapt to upcoming DeFi and GameFi industry trends by investing and collaborating with popular projects. If these are implemented, we should see growth in the price of KNC in the next 8 years.

Due to its numerous benefits over other DEX platforms, there is no doubt that Kyber Network Crystal (KNC) is positioned for growth. Due to recent developments and media highlights, 2022 would be a brighter year for the Kyber network. The platform has revealed that it will aggressively increase awareness to drive user adoption in the crypto world.

In addition, Kyber aims to increase the variety of token pairs and enhance liquidity and liquidity pools. The team behind it has also revealed that it would adapt to upcoming DeFi and GameFi industry trends by investing and collaborating with popular projects. If these are implemented, we should see growth in the price of KNC in the next 5 years.

Make sure you do your own research and invest an amount you are willing to risk if you want to invest in the Kyber Network. Please seek professional investment advice before investing in anything.

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 consultation with a qualified professional before making any investment decisions.

FAQs

Where can I buy Kyber Network Tokens?

KNC token is listed on most of the significant cryptocurrency exchanges, including Binance, Kucoin, and Coinbase. KNC coin is cheaper compared to Bitcoin price, which is the most expensive cryptocurrency in the crypto market, and crypto investors can purchase more.

Does Kyber Network allow the use of physical currency?

No, the protocol only allows the swapping of one ERC 20 token with another

What's the difference between KNCL and KNC?

KNCL is the old coin of the Kyber Network, while KNC is the new coin of Kyber Network that was unveiled after an upgrade on the smart contract. Currently, one KNCL is equal to one KCL meaning their prices are still similar. Old Kyber users can convert their KNCL tokens to KNC tokens at a ratio of 1:1.

Where can I store my KNC coins?

After purchasing any digital coin, including KNC, one has to identify a secure wallet where one can store it. Since KNC is an ERC 20 cryptocurrency, it can be stored in any ETH compatible crypto wallet. Several cryptocurrency exchange wallets allow KNC.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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