FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

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

Blogs

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

Published

on

KIN
READ LATER - DOWNLOAD THIS POST AS PDF

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.

Image courtesy of txtbks via Flickr

Blogs

Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

Continue Reading

Blogs

Crypto Market is Not Free from the Bearish Trend Yet

Published

on

bearish
READ LATER - DOWNLOAD THIS POST AS PDF

Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

Continue Reading

Altcoins

The Interoperability Problem of Blockchain May Soon Be Over

Published

on

Kardiachain
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
Continue Reading

Elite