What Is KuCoin Token (KCS)?
KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.
Technical Analysis:
As we can see from our previous analysis the price increased in very fast steps from our
first and the strongest support area close to $18.
This trade is actually +6.3% in profit...not bad at wall for the time being
The first target should be approximately +16%...
The second target is +29.50%
Third target +56%
Probably this is the right time for the strong bullish wave that we were all
expecting to happen.
Thank you and Good Luck!
Previous analysis:
Long Term Price Development:
KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.
Technical Analysis:
As we can see from our previous analysis the price increased in very fast steps from our
first and the strongest support area close to $18.
This trade is actually +6.3% in profit...not bad at wall for the time being
The first target should be approximately +16%...
The second target is +29.50%
Third target +56%
Probably this is the right time for the strong bullish wave that we were all
expecting to happen.
Thank you and Good Luck!
Previous analysis:
Long Term Price Development:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.