KCS Price Analysis July 2022

KCS is a token of the KuCoin platform. Its current price is around $9.22 by the time of writing, with a low of $8.03, and its market cap is 906 million dollars.

What is KuCoin?

KuCoin is a popular cryptocurrency exchange that offers a full suite of services, including buying, selling, and trading different coins with various order types. In addition, its functionality includes margin trading, futures trading, and P2P lending. Kucoin aims to provide users with a safe and convenient digital asset transaction & exchange service. They integrate premium assets worldwide and have a well-built transaction platform.

What is KCS?

KCS is the token of the KuCoin platform, which is around $9.22 by the time of writing, with a low of $8.03. After that, it reached $28.80, and its current ranking is #50 according to CoinMarketCap, with a market cap of 906 million dollars. KCS is an exchange token launched in 2017 to return profits to those holding tokens. KCS tokens are ERC-20 tokens running on the Ethereum network and can be supported by most Ethereum wallets.

KCS Coin Market Analysis 

KCS has a total supply of 170,118,638 coins worth around $9.22 with a market volume of 4 million dollars, whereas the market capitalization is 906 million dollars at writing. In the first half of 2022, many more trades were on the KuCoin exchange, with volumes earning over 2 trillion dollars. Compared to last year, this is an increase of 180%.

KCS Price Prediction

Wallet Investor predicts that the Kucoin token price will rise to $28.213. This is a bullish prediction that makes KCS a good investment. On the 2H timeframe, the price action of $KCS/USDT is working inside the rising wedge chart pattern. We have to wait for a successful breakout or breakdown.

Kcs Charts July 2022
KCS Charts July 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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