This article is all about NKM. We are going to look at what NKM is, its current market status, and then the NKM price prediction from 2022 to 2031. This will help you make an informed investment decision. NKN, which stands for a New Kind of Network, is like Substratum and Ontology. These two projects are working to create a decentralized internet solution. A preferable approach would be tripartite, in which NKN handles decentralized networking, Ethereum handles decentralized computation, and Filecoin/IPFS handles hosting through decentralized storage.
One of the first apps created on NKN is a smart house IoT, a Proof-of-Concept for what the team refers to as the “Airbnb of the Future,” a decentralized sharing economy.
At the time of writing, NKN is the world’s largest blockchain network, with over 101,000 nodes, followed by Bitcoin and Ethereum, which each has over 10,000 nodes. We’re getting ahead of ourselves with this problem, so let’s start at the beginning.
What exactly is NKN?
NKN, or Network Infrastructure for a Decentralized Internet, is the operation of distinct peer-to-peer networks based on blockchain technology. A revolutionary public blockchain that employs monetary incentives to encourage Internet users to share network connections powers the NKN Ecosystem. They will use the capacity that is still accessible to them in this manner.
As a result, NKN provides the “new Internet,” i.e., the public internet network and additional network resources.
This project began in the year 2018. Bruce Li, the ex-Chief Operating Officer of the Bitcoin project, founded the NKN network. The creator revealed in an interview that the network runs from offices in Beijing and Silicon Valley.
Using the NKN blockchain, you may share your Internet connection with other users from across the world in a peer-to-peer (P2P) fashion.
The NKN network employs a consensus process known as Proof of Relay, or POR. The advantage of this agreement is that it is very secure and prevents network-directed assaults. As a result, data transfer may be validated, and we cannot tamper with the verification. On the NKN blockchain, there are now over 25K nodes validating financial transactions and any data. This enhances NKN’s already excellent network, in which players are rewarded.
As a result, for NKN price prediction, it is critical to understand the NKN token’s use cases.
Price History of NKN
According to the most recent statistics, the current price of NKN is $0.22. NKN has a circulating supply of 700,000,000 and a market capitalization of $151,370,967. In the last 24 hours, the cryptocurrency’s current value has dropped by 1.64 percent. When we compare the present market cap of the NKN to the previous day’s market cap, we can observe that the market cap is likewise down.
NKN is having difficulty gaining traction with other cryptocurrencies. The NKN has fallen by 7.17 percent in the last seven days. For the last several days, the currency has been exhibiting risky framing segments; the coin may have good fundamentals, but we don’t believe that this is the case.
NKN’s price has dropped by -29.927 percent in the last month, deducting a shocking average of $0.092 from its present worth. This abrupt drop shows that the currency is now in a slump, showing that it might be an excellent purchase opportunity for a quick investment.
In the last 90 days, the price fluctuated between a low average price of $0.56 and a high average price of $0.81, resulting in a -69.16 percent price change.
NKN has dropped 51.26 percent in the last four months, with the highest average price being around $0.41 and the lowest average price being around $0.32.
Now, let’s dive into the NKN Price Prediction.
NKN Price Prediction 2022
According to our in-depth technical analysis of previous NKN price data, the price of NKN will hit a low of $0.29 in 2022. With an average selling price of $0.31, the NKN price may reach a maximum of $0.36.
NKN Price Prediction 2023
According to our in-depth technical analysis of previous NKN price data, the price of NKN will hit a low of $0.45 in 2023. With an average selling price of $0.46, the NKN price may reach a maximum of $0.52.
NKN Price Prediction 2025
According to our in-depth technical analysis of previous NKN price data, the price of NKN will hit a low of $0.92 in 2025. With an average selling price of $0.96, the NKN price may reach a maximum of $1.11.
NKN Price Prediction 2031
According to our in-depth technical analysis of previous NKN price data, the price of NKN will hit a low of $8.82 in 2031. With an average selling price of $9.07, the NKN price may reach a maximum of $10.57.
NKN provides the network upon which they will build all other blockchains and platforms, and where virtually all data is transmitted from one location to another, which is what each network hopes to do in different ways. The challenge is the same for all: to beat businesses that seize profits and leave end-users with little option.
NKN opposes telecom behemoths who monopolize earnings and markets. We believe that this project will succeed as the top developers add to their already excellent network of nodes. If the current trend continues, mass adoption is on the horizon.