Why is Kyber Rising?

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.

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.

Why is Kyber Network (KNC) Rising?

One of the factors behind KNC's recent price growth could be related to the milestone partnerships by the team. 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.

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.

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.

Cryptopolitan Price Prediction

2023 KNC’s price is expected to reach a maximum of $1.13, a minimum of $0.64, and an average of $0.82.  2025 KNC could reach a maximum price of $2.32, a minimum of $1.31, and an average of $1.73. 2030 KNC is predicted to attain a maximum of $17.38, a minimum of $9.71, and an average of $12.32.

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.

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