During the recent 2021 Bull Run, several virtual assets achieved new all-time highs. Certain digital assets have shown a decreasing trend. As a result, many digital asset investors and traders are unsure whether to hold the digital asset or sell it for a profit. This also applies to the Kin coin. We’ll find out shortly in this Kin Coin price prediction 2022 post.
This Kin coin price prediction article is based completely on technical analysis. Let us first define the Kin currency and examine the present market situation.
What is a KIN Coin?
The KIN currency was introduced on the Ethereum platform. It was the primary currency in the Kik Messenger ecosystem.
KIN is an acronym for “kinship,” and the goal was to strengthen relationships among members of the Kik community. Its initial coin offering (ICO) in 2017 raised close to $100 million. However, KIK Messenger was sold to MediaLab in 2019 to keep KIN running amid litigation between KIK and the US Securities and Exchange Commission.
The case has officially been settled as of October 23, 2020. For the next three years, KIN must notify the SEC whenever it intends to sell digital assets. KIN now ranks 267 in the cryptocurrency market and is recovering from the bearish trend caused by Bitcoin’s decline.
KIN is interoperable with a variety of wallets, including Kinwallet, Exodus, Citowise, and Infinito. It is also listed on exchanges like HitBTC, IDEX, OTCBTC, and COSS, making it a suitable investment.
What exactly is the Kin Ecosystem Foundation?
The Kin Ecosystem Foundation, incorporated as a Canadian non-profit company, facilitated the governance of the Kin cryptocurrency.
The foundation manages concerns about the crypto’s safety and security features, developing its Kin Rewards Engine and membership, and gradually transitioning to a decentralized model that is independent of the Kik messaging service.
What are the benefits of the Kin coin?
Kin has enabled speedier transaction processing since its incorporation into the Solana blockchain. It has a charge structure that is low to non-existent, which is one of the key reasons for its enormous popularity among its users.
Kin Coin Price History Analysis
According to the most recent statistics, Kin is now trading at $0.00004691. Kin has a circulating supply of 1,717,204,746,230 and a market capitalization of $80,548,989. The cryptocurrency’s current value has dropped by -2.22 percent in the last 24 hours. When we compare the current market value of the KIN to the previous day’s market cap, we can observe that the market cap is likewise down.
Kin is having difficulty gaining traction with other cryptocurrencies. In the previous seven days, the KIN has dropped by around -0.01%. The currency has been showing risky framing segments over the previous few days; the coin may have excellent fundamentals, but we do not believe it will be a successful asset in the short run.
However, when the present price is compared to the previous 30 days’ price history, it is shown that Kin’s worth has climbed by 34.317 percent. The month’s average lowest price was $0.00003081, while the maximum average price was $0.00003081. This means that this coin is a suitable asset and fresh addition to your long-term coin portfolio.
The 90-day price change is around-53.56 percent, with the price fluctuating between a minimum average price of $0.00010100 and a maximum average price of $0.00011570 in the previous 90 days.
Kin’s value has fallen by 58.04 percent in the last four months, with the maximum average price of the coin being around $0.00011990 and the minimum average price being around $0.00010500.
Now, let’s dive into the KIN coin price prediction.
Kin coin Price Prediction 2022
According to our in-depth technical analysis of previous Kin price data, the price of Kin will hit a low of $0.00006708 in 2022. With an average trading price of $0.000069, the KIN price may reach a maximum of $0.00007777.
Kin coin Price Prediction 2023
According to our in-depth technical analysis of previous Kin price data, the price of Kin will hit a low of $0.00009946 in 2023. With an average trading price of $0.00010222, the KIN price may reach a maximum of $0.00011375.
Kin coin Price Prediction 2025
According to our in-depth technical analysis of previous Kin price data, the price of Kin will hit a low of $0.00022327 in 2025. With an average trading price of $0.00023100, the KIN price may reach a maximum of $0.00026346.
Kin coin Price Prediction 2031
According to our in-depth technical analysis of previous Kin price data, the price of Kin will hit a low of $0.002 in 2031. With an average trading price of $0.0023, the KIN price may reach a maximum of $0.0027.
Conclusion
In 2022, KIN has a bright future ahead of it. With continued improvements in the KIN ecosystem and the broader crypto market, we may see KEN hit new heights. The bullish KIN coin price prediction is $0.000069.
Meanwhile, our long-term KIN coin price prediction for 2022 is positive. However, this will only happen if it overcomes several psychological barriers.
Also read: Monero Price Prediction: Will the XMR Price Hit $500 in 2022?
