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NKN Price Prediction 2022-2031: What Drives NKN Prices?

nkn price

NKN Price Prediction 2022-2031

NKN – an acronym for New Kind of Network – can be compared to Substratum and Ontology, two projects are building a decentralized internet solution. But a better perspective would be a triumvirate where NKN provides decentralized networking, Ethereum takes care of the decentralized computing, and Filecoin/IPFS does the hosting via decentralized storage. What can you hope to gain from this NKN price prediction?

NKN Price Prediction 2022-2031: What Drives NKN Prices? 1

If you are aware that one of the first applications built on NKN is a Smart home IoT, a Proof-of-Concept for what the team calls the “Airbnb of the Future,” a decentralized sharing economy, you’ll be interested to get into position for the next bull run. Money is still out there and prices are driven by the community.

The NKN hype started two years ago when an impressed observer exclaimed:

This project has the highest potential to achieve mass adoption out of all the competitors in this space!

Ikenna Odinaka

At the time of writing, NKN is already the most extensive blockchain network globally, with over 101,000 nodes, with Bitcoin and Ethereum having roughly 10,000 nodes each. We’re getting ahead of this puzzle, so let’s start from the beginning.

When you think of blockchain, think of the nodes and exciting things are happening in October to the NKN ecosystem. Try Surge for a start:

Today’s NKN price is $0.083820 with a 24-hour trading volume of $1,912,120. NKN is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #327, with a live market cap of $58,673,952. It has a circulating supply of 700,000,000 NKN coins and a max. supply of 1,000,000,000 NKN coins.

Also Read:

What is NKN?

Network Infrastructure for a Decentralized Internet, known as NKN, is the working of unique peer-to-peer networks based on blockchain technology. The NKN Ecosystem is powered by a novel public blockchain that uses monetary incentives to push Internet users for network connection sharing. This way, they will be able to utilize the bandwidth that is still unused and available to them.

Thus, NKN offers the “new Internet,” i.e., the public internet network and more network resources. This project was launched in the year 2018. The founder of the NKN network is Bruce Li, who was also the ex-Chief Operating Officer for the cryptocurrency project. The founder stated that the network operates from offices based in Beijing and another in Silicon Valley in an interview.

Using the NKN blockchain, you can share your Internet connection with different users from across the Internet in a P2P manner.

The NKN network uses Proof of Relay‘s consensus mechanism or the POR consensus. The benefit of this consensus is that it is highly secure and evades attacks directed to the network. Hence, data transmission can be verified, and the verification cannot be tampered with.

Currently, there are more than 25K nodes to validate financial transactions and all the imaginable data on the NKN blockchain. This makes NKN an already impressive network, wherein the participants receive rewards.

Therefore, when it comes to the NKN price predictions, it is essential to learn about the use cases of the NKN token.


NKN Overview

[mcrypto id=”141283″]

NKN Projects

Cellular Automata, A New Kind of Science, and the Ising Model build NKN’s consensus algorithm. A simple local majority rule can allow nodes to reach an agreement in a small number of iterations.

The NKN network has several Chinese collaborations under it as it forms the next-generation blockchain systems. These include:

  • D-chat: This is a private and decentralized network-based chat system that offers end-to-end encryption based on the NKN network. It is entirely free for integration with the Chrome browser and provides offline messaging. More than 10k nodes are operating and even allow the users to upload audio, video, or pictures.
  • Nutshell: It is similar to SSH in many aspects. It executes shell commands from users who are authenticated by the NKN network. After that, the network sends back results through the NKN-client and monitors for incoming requests from the NKN-multiclient-js application.
  • Edge computing: The NKN entered into a partnership with China Mobile.
  • Content Delivery System: NKN scored another partnership with iQIYI. This is one of the biggest and most-used platforms for video streaming in China, with many users. The NKN network can handle the entire financial system of a firm.

NKN Price History

NKN Price Prediction 2022-2031: What Drives NKN Prices? 2

NKN prices fell sharply after April after reaching the year high at $0.32. NKN has been highly volatile and traded sideways in the last month. According to coinmarketcap, NKN registered its all-time high at $1.48 on 9 April 2021.

NKN Price Prediction 2022-2031: What Drives NKN Prices? 3

NKN Technical Analysis

The NKN coin price has been trading sideways for the last 2 months and has lost 75% of its value from the year’s high. The MACD histogram indicates minimal NKN price momentum; the MACD line is moving along the signal line, suggesting a period of uncertainty in the short term. The William alligator trend lines suggest the NKN value will continue sideways. The 14-day reactive strength index shows NKN is not in the oversold/ overbought with plenty of room for upward price movement.

NKN Price Prediction 2022-2031: What Drives NKN Prices? 4

NKN Price Prediction by Cryptopolitan

NKN Price Prediction 2022-2031: What Drives NKN Prices? 5
NKN Price Prediction 2022-2031: What Drives NKN Prices? 6

NKN Price Prediction 2022

NKN coin’s price prediction for 2022 is a maximum price of $0.098 with a minimum price of $0.089. The average token price is predicted to be $0.093 by December 2022. 

NKN Price Prediction 2023

Our NKN price prediction for 2023 could be a maximum price of $0.15. The minimum price is $0.13, and the average trading price of the coin is predicted to be $0.13. 

NKN Price Prediction 2024 

Our NKN price prediction for 2024 is a maximum price of $0.23. NKN’s minimum price is predicted to be $0.20, and an average price of $0.20. 

NKN Price Prediction 2025

Our NKN price prediction for 2025 is a maximum price of $0.35. The coin’s lowest price is expected to be $0.28, and the average trading price of the coin is $0.30. 

NKN Price Prediction 2026

Our NKN price prediction for 2026 is a maximum of $0.48. The minimum price the coin will have by the end of 2026 will be $0.40, while its average trading price is expected to be $0.42. 

NKN Price Prediction 2027

Our NKN token price prediction for 2027 is a maximum price of $0.7 with a minimum price of $0.57. We also expect the coin’s average trading price to be $0.59.

NKN Price Prediction 2028

Our NKN coin price prediction for 2028 is a maximum price of $1.01. The minimum price of the coin by 2028 is expected to be $0.82; the average trading price of the coin is forecasted to be $0.85.

NKN Price Prediction 2029

Our NKN price prediction for 2029 is a maximum price of $1.43 with an average trading price of $1.23. The coin is expected to have the lowest price at $1.19.

NKN Price Prediction 2030

Our NKN cryptocurrency prediction for 2030 is a maximum price of $2.08; the coin’s lowest price is $1.67. The average trading price of the coin is expected to be $1.72. 

NKN Price Prediction 2031

NKN’s price prediction for 2031 is a maximum trading price of $2.94, with an average trading price of $2.52. The minimum price of the coin is expected to be $2.45. 

NKN Price Prediction by Wallet Investor

Wallet Investor uses Artificial intelligence (AI) and machine learning to provide the NKN price forecast. The AI indicates NKN’s past performance index rating as B+; it adds that NKN would make a bad one-year investment. The expected average price then will be $0.0213. NKN’s return on investment (ROI) will be -74.62% in 2023. In 2024 the ROI will be -96.83%; in 2025, it will be -97.52%; in 2026, it will be -95.62%. According to the analysis, the NKN bearish trend continues over the entire period.

NKN Price Prediction by Crypto Predictions

The site scans a given coin’s exchange rates and other historical market data and uses these data to provide the NKN average forecast price. NKN’s price will rise to $0.10687588773071 in November. It will then trade sideways for the end of the year 2022.

In December, NKN will be selling at $0.10022561558356. Their NKN price forecasts for 2023 are $0.092510417281893 in January and $0.1675791535898 in December.

In 2024, NKN will trade at an average price of $0.17221204913536 in January and $0.18783615870085 in December. In 2025, NKN will trade at an average price of $0.19098693509037 in January and $0.22059957817976 in December.

NKN Price Prediction by Digital Coin Price

NKN cryptocurrency has traded sideways for the last 3 months. NKN’s price will go up to $0.10 in November. It will continue trading sideways, reaching $0.11 in December. NKN will be on a bullish trend from 2022 to 2031; the maximum NKN price for the entire period will be $0.59. In 2023 it will trade at a mean price of $0.14. It will reach a maximum price of $0.15 and a minimum of $0.13. In 2025 it will trade at a mean price of $.23. It will reach a maximum price of $0.25 and a minimum of $0.22. In 2030 it will trade at a mean price of $0.45. It will reach a maximum price of $0.48 and a minimum of $0.46.

NKN Price Predictions by Industry Influencers

Cilinix Crypto Youtube channel’s latest update on NKN suggests that the coin has little potential despite having a loyal following. The presenter follows the NKN performance and highlights a spike that sent NKN to $0.14, which he associates with market manipulation with no fundamentals to explain the hike. He later predicts a bearish price movement that is playing out now, potentially dropping lower to $0.07.

YouTube video

The future of Web3 is here, and top industry players are positioning themselves to earn from its benefits. Grayscale is one of the largest registered digital assets managers. Web 3 has enormous potential, and NKN is working on its infrastructure.

The future of Web3 is here, and top industry players are positioning themselves to earn from its benefits. Grayscale is one of the largest registered digital assets managers. Web 3 has enormous potential, and NKN is working on its infrastructure.

NKN will prove to be a profitable investment as mass adoption of web3 occurs.

Conclusion 

The NKN network is touted to be extremely scalable, with the ability to support millions, if not billions, of nodes. The software is simple to implement and comes in a variety of computer languages. The NKN ecosystem has continued to draw investors who use the network directly without an IP address. Data is stored only in the local device, guaranteeing the best privacy and security protection.

The NKN team is ambitious, and with widespread acceptance, it will redefine peer networking and privacy standards. The NKN network offers a decentralized network that envisions the future of Web3 independent of central control. The system enables anyone from the globe a fair share of internet resources and incentives.

The NKN forecast shows that crypto coins will hit an all-time high (the highest price) in 2030. Investors should research before investing in the cryptocurrency, especially a coin as volatile as NKN, which has been a victim of price manipulation, resulting in false price spikes. NKN crypto analysis and predictions are not investment advice.

The future of global networking is Web 3, and NKN is laying the groundwork for decentralized networking. NKN will incentivize its users by providing a peer-to-peer bandwidth sharing mechanism. This protocol is very important in Web3.

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FAQs

Is NKN a good investment?

NKN is a good project with prices set to trade higher this year.

Where can I buy NKN?

You can buy NKN tokens on Binance, Huobi, Crypto.com, Gate.io, Uniswap, Bittrex, KuCoin, WazirX and Coinbase.

Which wallets can store NKN?

NKN tokens can be stored in the Trust wallet, NKN wallet, and Ledger wallets.

Will NKN replace Bitcoin?

NKN will not replace bitcoin. NKN and Bitcoin have different use cases.

Will NKN price crash?

There is a low probability of an NKN price crash.

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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