Connect with us

Bitcoin

Kin (KIN) Is A Top Cryptocurrency Pick Right Now

Published

on

Kik Image KIN
READ LATER - DOWNLOAD THIS POST AS PDF

Kin (KIN) is an interesting one. The coin has run an incredible amount over the last few months and its unique positioning in the industry has set it up as a similarly unique investment opportunity for participants in the sector.

KIN Daily Chart

KIN Daily Chart

Right now, price sits at $0.00088. That’s a triple zero pricing which, somewhat counterintuitively, can be a good thing for assets in the cryptocurrency sector. Why? Because investors that are newcomers to the space want cheap entry points. They’d rather pick up 1000 tokens than a fraction of a token (this is purely a psychological bias but it exists nonetheless) and this has made cheap tokens attractive in many cases over the last few months.

Anyway, that’s a discussion for another day.

Current pricing is down from $0.0013 recorded a couple of days ago, yet volume remains up in and around all-time highs.

So what does this say to us?

That the current correction (and, in turn, current pricing) might be a nice opportunity to pick up some cheap shares ahead of an overarching return to the upside momentum.

To explain our thinking, here’s a quick primer on this coin.

Even if readers haven’t heard of Kin, there’s a good chance they’ll have heard of Kik. Kik is a messenger app that was launched way back in 2010 and has since grown to amass more than 300 million registered users.

It’s a pretty big deal and, early last year, the company raised more than $100 million by way of a proprietary token sale – as part of which it issued KIN tokens to participants. The idea is that these KIN tokens can be used to incentivize users to watch advertisements, share content, increase interaction with the platform, all that sort of thing.

And this is why this one is interesting – because the token wasn’t issued to raise development capital, instead it was issued to compliment an existing ecosystem in an already successful and well-established application.

And what’s making the coin run of late?

Well, the token is currently built on top of the Ethereum platform. The company is concerned that it might flood the Ethereum network if its users start to transact with KIN frequently and so management wants to move from Ethereum to Stellar (as a quick side note, this was one of the primary drivers behind the run we saw in Stellar back during the middle of last month).

The move to Stellar is bringing in a lot of speculative attention and the assumption is that once this move takes place and KIN becomes a key part of the Kik ecosystem, the token will be listed on one of the major exchanges. A major exchange listing is a real liquidity event and will in and of itself serve to inject some real upside momentum into the token’s market capitalization as and when it hits press.

So again, what’s making this one run right now?

Well, the Stellar shift is expected to take place (as implied by management comments recorded at the end of 2017) at some point during the second quarter of this year. Exactly what will happen to the already circulated coins remains to be seen but the assumption is that they will be switched one for one with a Stellar compliant token and that, subsequently, these tokens will also be listed on an exchange.

Bottom line, then, is that KIN holders could soon have two tokens on their hands, both associated with a major and established platform outside of the crypto space and both of which are tradable on a major exchange.

That’s why things are running and that’s why we think current levels could quickly reverse to the upside once markets latch on to the opportunity.

We will be updating our subscribers as soon as we know more. For the latest on KIN, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Kik.

Bitcoin

The rise of the crypto casinos

Published

on

crypto casinos
READ LATER - DOWNLOAD THIS POST AS PDF

In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

Continue Reading

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

Continue Reading

Elite