❇️(coinmarketcap dara:
Rank #119 -kind:Token
On 69,895 watchlists
Market Cap:$555,824,928
Market Cap / TVL Ratio: 24.38
Fully Diluted Market Cap:$612,619,396
Total Value Locked (TVL): $22,842,126
Volume24h: $93,963,708
Volume / Market Cap: 0.1698
Circulating Supply: 205,048,084 KNC (91%)
Max Supply:226,000,000 )
Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore.
What Is 🌟 Kyber network and KNC 🌟 ?
After ZRX, ZebPay is proud to expand our DeFi offerings with KNC (Kyber Network Crystal). Kyber is one of the most widely used DeFi protocols on the Ethereum blockchain. While 0x uses a combination of on-chain and off-chain transactions, transactions on Kyber network are fully on-chain and thus fully transparent and verifiable.
❇️ The Kyber network:
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
❇️The KNC token:
The KNC (Kyber Network Crystal) token is used to govern the Kyber protocol. When you stake KNC tokens, you can vote on key decisions shaping the Kyber Network, and in return receive rewards in ETH
Let’s break down this definition of Kyber to understand all the different elements:
👉Kyber is a blockchain-based liquidity protocol: Kyber network is a liquidity protocol based on the Ethereum blockchain.
👉Aggregates liquidity from a wide range of reserves: Kyber network aggregates liquidity from over 40 sources, which it calls ‘reserves’. As a result, it can provide the best rates for token exchange.
👉Powers instant and secure token exchange: Token exchange via Kyber network is instant. This is because unlike centralised exchanges, there are no intermediaries to slow down the process.
👉In any decentralized application: A decentralised application, or dApp, as they’re commonly referred to in the blockchain community, It is incentivized (think of videogames with in-game token rewards).
refrences: coinmarketcap - zebpay.com -kyber.network
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for KNC/USDT, the price is trading at around $2.72 .
now you can see in the chart, the knc/usdt has been able to form price supports for itself that can be rejected if the price hits them, and while it has completed its cup pattern, it can now grow to the width of the channel; if it Break the middle line .and Continue its bullish rally to the $ 4, $ 6.5 and then $ 13 , respectively
Of course, the target of $ 40 is not so far off it if the market supports it .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
Rank #119 -kind:Token
On 69,895 watchlists
Market Cap:$555,824,928
Market Cap / TVL Ratio: 24.38
Fully Diluted Market Cap:$612,619,396
Total Value Locked (TVL): $22,842,126
Volume24h: $93,963,708
Volume / Market Cap: 0.1698
Circulating Supply: 205,048,084 KNC (91%)
Max Supply:226,000,000 )
Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore.
What Is 🌟 Kyber network and KNC 🌟 ?
After ZRX, ZebPay is proud to expand our DeFi offerings with KNC (Kyber Network Crystal). Kyber is one of the most widely used DeFi protocols on the Ethereum blockchain. While 0x uses a combination of on-chain and off-chain transactions, transactions on Kyber network are fully on-chain and thus fully transparent and verifiable.
❇️ The Kyber network:
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
❇️The KNC token:
The KNC (Kyber Network Crystal) token is used to govern the Kyber protocol. When you stake KNC tokens, you can vote on key decisions shaping the Kyber Network, and in return receive rewards in ETH
Let’s break down this definition of Kyber to understand all the different elements:
👉Kyber is a blockchain-based liquidity protocol: Kyber network is a liquidity protocol based on the Ethereum blockchain.
👉Aggregates liquidity from a wide range of reserves: Kyber network aggregates liquidity from over 40 sources, which it calls ‘reserves’. As a result, it can provide the best rates for token exchange.
👉Powers instant and secure token exchange: Token exchange via Kyber network is instant. This is because unlike centralised exchanges, there are no intermediaries to slow down the process.
👉In any decentralized application: A decentralised application, or dApp, as they’re commonly referred to in the blockchain community, It is incentivized (think of videogames with in-game token rewards).
refrences: coinmarketcap - zebpay.com -kyber.network
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for KNC/USDT, the price is trading at around $2.72 .
now you can see in the chart, the knc/usdt has been able to form price supports for itself that can be rejected if the price hits them, and while it has completed its cup pattern, it can now grow to the width of the channel; if it Break the middle line .and Continue its bullish rally to the $ 4, $ 6.5 and then $ 13 , respectively
Of course, the target of $ 40 is not so far off it if the market supports it .
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
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.
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.