Kyber Network Crystal v2 Price Prediction 2023-2030: Can KNC Reach $10?
Kyber Network Latest Price
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||21.4%||Lower|
Kyber Network Crystal v2 Price Prediction: Is Kyber Network Crystal v2 a Good Investment?
Kyber Network is a platform that brings together liquidity protocols from various sources to enable secure and fast transactions on decentralized applications (DApps). Its main goal is to provide easy access to deep liquidity pools with the best rates for DeFi DApps, decentralized exchanges (DEXs), and other users.
KyberSwap.com is the main DEX aggregator and liquidity platform of Kyber Network, offering the best swap rates for traders in DeFi compared to individual exchanges. It sources liquidity from multiple DEXes across different chains to achieve the best rates for traders. KyberSwap supports over 13 chains, including Ethereum, BNB Chain, Polygon, and more.
Projects can build with KyberSwap to access its features like instant settlement of token swaps, liquidity aggregation for the best rates, liquidity pools, and a customizable business model. Kyber aims to solve the liquidity issue in DeFi by providing developers with ample liquidity for their different needs.
Why Kyber network?
- It provides traders with access to the best prices from multiple sources on different blockchains.
- Liquidity providers can deposit tokens and earn fees with the best capital efficiency and returns.
- In 2021, KyberSwap launched the world’s first dynamic market maker (DMM) protocol. The DMM protocol adjusts to market conditions, benefiting liquidity providers with better efficiency and earnings.
- In 2022, KyberSwap introduced the Elastic protocol, an advanced AMM with concentrated liquidity pools, customizable price ranges, auto-compounding fees, and an anti-sniping feature.
- These protocols enable liquidity providers to maximize their capital and earn more fees, while traders enjoy low slippage.
- KyberSwap is developer-friendly, and easily integrated with various DeFi use cases and protocols.
- The ‘Discover’ feature uses AI and on-chain metrics to identify trending tokens, helping traders make informed decisions.
The KNC token, also known as the Kyber Network Crystal, is an ERC-20 governance token on the Ethereum Mainnet. The following are the use cases of the token:
- Users can stake and vote with KNC to actively participate in the KyberDAO governance process, influencing the future of the Kyber ecosystem.
- By securing the Kyber network, KNC stakers enjoy benefits like gas refunds and protocol trading fee distribution.
- Additionally, KNC is not limited to the Ethereum Mainnet and is available across various chains due to the expansion of the Kyber ecosystem.
- KyberDAO can upgrade, mint, or burn KNC tokens to enhance liquidity and support growth.
- Holding KNC grants a stake in DeFi’s significant innovation and liquidity protocols.
Kyber Network Audit Report
KyberSwap has been audited by ChainSecurity and is insured for up to $20M by Unslashed Finance.
The following are the highlights of the Audit by ChainSecurity:
- There are no critical or high-severity findings, but there is one low-severity finding regarding the DOMAIN_SEPARATOR not being recomputed if the chainId changes, potentially leading to cross-chain replay attacks.
- There were no critical or high-severity findings resolved.
- One medium severity finding related to Oracle Observation Functions Parameters was corrected.
- Additionally, five low-severity findings were resolved, including issues with compiler and library versions, missing sanity checks, swap amount vs. price limit discrepancy, incorrect maxNumTicks computation, and the starting time for the first LP.
Overall, Kyber Network Crystal v2 appears to be a moderate case for investment.
Kyber Network Crystal v2 Price Prediction: Can KNC Reach $10?
In order for KNC to reach $10, it would need to increase by a factor of 14. At $10, KNC’s Market Cap will be $1.17 Billion. If KNC were to grow at a rate of 25% each year, it would take about 5 years to reach $10. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $10- Feasible
- Market Cap at $10- Partially Feasible
- Time required to reach $10 if it were to rise at 25% per annum- Feasible
Considering the criteria Quality of Investment, growth required and time required, KNC can reach a price level of $10 in the coming future.
Kyber Network Crystal v2 Price Prediction Today, Tomorrow and Week
- Kyber Network Crystal v2 Price Prediction in the next 24 hours is between $0.619 and $0.657
- Kyber Network Crystal v2 Price Prediction this week is between $0.598 and $0.682
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Bullish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Bearish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Lower|
Kyber Network Crystal v2 Price Prediction 2023, 2025 and 2030
- Kyber Network Crystal v2 price prediction for 2023 is $1.32
- Kyber Network Crystal v2 price prediction for 2025 is $2.47
- Kyber Network Crystal v2 price prediction for 2030 is $10.50
Also Read: Hamsters Price Prediction
Where Can I Buy KNC?
- Coinbase Exchange
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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