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Will KIN’s Market Cap Return to $1 Billion in 2018?

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Have you heard of Kik Interactive Inc? A little research will tell you that the social networking platform boasts more than 15 million active users today. Kin, one of the popular altcoins on the crypto market, is a foster child of the Canadian firm.

Kin, the Foster Child of Kik Interactive Inc

Kik Interactive Inc, which has been receiving venture funds from eminent institutions like Tencent, introduced the Kin cryptocurrency to put an end to venture-related funding issues, reported the sources. Just like any other major cryptocurrency, Kin’s performance has been quite impressive.

As evident from the official website of KIN, the altcoin was developed to draw people from various sections to a shared economy, connecting them to the community. When the coin was first conceived, it was looked upon as an incentive for Kik account holders. In fact, KIN tokens have been deployed to provide rewards to the Kik users.

What sets it apart from its peers is the fact that the monetary value can be used to purchase real-life merchandises. Came into the market in September 2017, the altcoin is nourished by a robust community and the company’s stable valuation. With a user base constituting over 15 million users, Kin can overtake the Ethereum network if only 10 percent of Kik account holders use the coin.

Should You Watch Out for Kin (KIN)?

Among the new cryptocurrencies introduced in 2017, Kin has earned special recognition in the crypto community. At the time of introduction, the price of Kin was $0.0001 and its market cap was around $70 million. Unlike other currencies like Litecoin and Bitcoin which have set records in 2017, the performance of Kin was rather flat for the most part of the year, but it is hardly surprising as it is fairly new to the cryptomarket. Things started to change, however, when on December 19, 2017, the price of kin touched an all-time high of $1 billion.

When it comes to the performance of Kin in 2018, it is doing a great job. KIN coin, which was traded at 6.8 percent against the dollar till March 8, has traded at 21 percent over the last week. The KIN tokens are not only available for $0.0002 or 0.00000002 BTC all the important exchanges, which include Bancor Network, CoinFalcon, Mercatox, and COSS. With a market cap of $140,866,268USD at the time of writing, it is likely to continue doing a good job.

Will Kin Cross $1 Billion in 2018?

Although Kin is not listed on major exchanges, it has the support of a stable customer-base constituting 15 million Kik users. In addition, the total supply of KIN tokens can throw others out of the competition. As of 16.03.2018, the total supply of kin stands at 10,000,000,000,000 KIN. Unlike other major coins like Bitcoin, which allow users to buy a fraction of a whole coin or token, kin allows users to buy multiple coins at a lower rate. Although it is very new to the crypto market and its price is extremely volatile, it can be highly profitable if traded strategically. As most crypto critics fear, just because it has a stable customer base it does not mean it will work well with the investors. But you can never tell, for the year has just begun and a lot can happen in the coming months. On the onset of the catastrophic drop in the value of Bitcoin, it is not difficult to imagine that 2018 will be a big year for altcoins like Kin, the market cap returning to its all-time high of $1 billion.

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. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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