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Kin (KIN) News

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$0.00-5.83120336%

Market: $128.7M

Kin (KIN) is currently the #341 cryptocurrency by market cap at $128.7M USD. Trading volume for Kin over the last 24 hours is $2.6M USD. There have been no news stories on Kin over the last 7 days. The most common news source covering Kin is Kin Reddit and the most common news category is Project Announcements.

Sours: https://www.coinfi.com/news/kin

Kin

What Is Kin?

Kin is the cryptocurrency for the messaging service Kik. Kin has special uses within the Kik messenger platform. Users can earn Kin for making contributions to the broader Kik community, and then spend Kin on various goods and services within the Kik platform.

Key Takeaways

  • Kin is the cryptocurrency offered by the messaging service Kik, launched via an ICO in 2017.  
  • The Kin ICO raised roughly $100 million. 
  • Kik had a key advantage over certain cryptocurrency competitors as it already had millions of active users through its messaging platform.

Understanding Kin

Kin first launched in September of 2017 via an initial coin offering (ICO), raising roughly $100 million in investor funds over a period of about two weeks. Upon its launch, the founders of Kin described the Kin Ecosystem as "designed specifically to bring people together in a new shared economy," with the cryptocurrency itself acting as a "foundation for a decentralized ecosystem of digital services."

While most companies that launch their own cryptocurrency don’t necessarily have a ready-made user base, Kik had a key advantage here with millions of active users through its messaging platform. As such, the platform helped drive consumer adoption of the Kin cryptocurrency. The Kik app can house many of the traditionally third-party services and features for the currency, including the Kin wallet.

Although Kin was officially launched late in 2017, it comes on the heels of a large experimental campaign done by Kik. Over a period of close to three years, Kik ran a project called Kik Points. This was very similar to Kin in that it offered Kik users the chance to earn and spend points within the app itself. At its highest levels, Kik Points reached transaction volumes equal to three times more than Bitcoin. 

Kin Rewards Engine 

Perhaps even more notable about the launch of Kin is its Kin Rewards Engine. Through that, Kik launched Kin as a daily reward distributed among stakeholders by an algorithm based on the community's contribution to the ecosystem.

Ted Livingston—Kik CEO and founder—suggested that the Kin token is an opportunity to distribute value amongst developers. The idea is that Kik will give away value, incentivizing developers to "build an open and decentralized ecosystem of apps" on the Kik platform.

The Kin Foundation

The Kin Foundation focuses on the governance of Kin and focuses on "growing an open ecosystem of digital services." The ecosystem is not be based around advertising, as many social media platforms are, but rather on users being able to provide value to themselves and one another, and on those users being rewarded for that contribution.

Besides being a digital currency, the Kin website describes the token as "different from other digital currencies because it is a cryptocurrency." Kin is similar to Bitcoin in that it makes use of the public blockchain and has monetary value. The fact that Kin is part of a blockchain allows its developers to control the creation and flow of tokens to prevent a surge. Blockchain support also allows a token to be guaranteed over the long term.

As of July 12, 2021, Kin was ranked the 323rd cryptocurrency by market cap—per CoinMarketCap.

Future of Kin 

In 2019, Kik announced it would shut down its messaging service to focus on Kin. However, shortly after the announcement, the company was purchased by MediaLab. The messaging service remained intact, but this came shortly after the Securities and Exchange Commission (SEC) sued Kik for raising money in its Kin ICO without registering the offering. 

In 2020, the SEC ruled that Kik violated federal securities law by selling Kin in 2017 and was ordered to pay a $5 million fine. However, the messaging service was not required to shut down the Kin network, nor required to register Kin with the SEC. Thus, sales of Kin can still take place.

Sours: https://www.investopedia.com/terms/k/kin-cryptocurrency.asp
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What is KIN?

The KIN coin was released through the Ethereum blockchain. It was created to be the core currency in the ecosystem of Kik Messenger. In this article, we will check the KIN price prediction for this year and beyond.

Before the creation of Kin, Kik points were supposed to be a system for rewards. However, it didn’t have much success and was therefore ended in 2017 when Kin was released.

KIN is an abbreviation for Kinship, and the aim was to reinforce bonds among the members of the Kik community.

It was a bit successful based on its release through the ICO, as it raised close to $100 million.

However, Kik Messenger was sold to MediaLab in 2019 to keep Kin going during a lawsuit between Kik and the USSEC.

The lawsuit has now been finalized, as reported on October 23rd, 2020. For the next three years, KIN must inform the SEC of every time it plans to sell digital assets.

Currently, KIN holds a position of #267 in the crypto market and is currently undergoing recovery from the bearish trend due to the fall of Bitcoin.

KIN is compatible with several wallets like Kinwallet, Exodus, Citowise, and Infinito wallets. It is also listed in exchanges like HitBTC, IDEX, OTCBTC, and COSS and therefore, one of the good investments.




Kin Overview

CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
kin
KIN$0.000081$130.36 M7.97%1.61 T$2.84 M


GALAXY SCORE

The Galaxy Score indicates how healthy a coin is by looking at combined performance indicators across markets and social engagement. Display the real-time Galaxy Score of any coin.

How does the KIN Coin work?

This coin works by giving rewards to creators that provide a great experience for users in connection to their engagement with kin.

It provided a model monetizing software that appealed to users to adopt the new use case and thus, created value for the cryptocurrency.

This KIN coin’s blockchain functions independently through a model of federated consensus.

It is stated that a maximum of 10 trillion KIN will ever be produced, and it was created in mass so that every user in the world can adopt KIN conveniently.

Kin allows game creators to embed crypto rewards in their various applications. This allows the game players to get the KIN token whenever they perform some tasks on the platform.

Players can also use these Kin tokens to purchase items within the game. Although this seems to already be a norm, the KIN token can be converted to cash and then withdrawn by players.

Added to this, those who are rewarded with tokens can use these tokens in other games if they want.

This is beneficial to creators of multiple games as it helps them promote their other games on the platform. Developers are not left out as they also get tokens when they use the platform.

KIN Price History

When KIN was launched in September 2017, it made its creators close to $100 million in the first month.

However, it received little attention after that, and its all-time high experienced in 2018 was when it was sold at $0.00122572 in January.

However, a KIN price rise was witnessed right after this event, and maintained between $0.00000592 and $0.00000849. It plummeted at the beginning of 2020 once again when it experienced its all-time low of $0.00000239.

The current market cap of the coin is $168,736,441.43 while the KIN price today rests at $0.0001111.

KIN Price Prediction for 2021 and beyond 1

KIN Price Prediction 2021 and onwards

Using advanced algorithms and technical analysis, the KIN future price has been predicted by trusted prediction platforms.

These price predictions inform traders about the long-term value as well as the short-term value of KIN to help them make their investment decisions and decide if they want to add kin to the crypto coins they trade on Binance.

It will cover KIN price prediction based on AI algorithms within one year and as far as five years.

KIN technical analysis

But, as of now, KIN coins are not listed on Binance and other prominent crypto exchanges. You can find KIN coins on platforms like Cointiger.

Current price of KIN

According to the 4-hour chart, the price of KIN seems to be showing a reversal after a failed break-out attempt from the upper end of the Bollinger Band. The price of the coin seems to have lost the 50-day Moving Average but is above the 100-day Moving Average. We might expect the continuation of this trend in the short term.

KIN price prediction by CryptoGround for the future

Historical data and data analysis show that the previous KIN price of $0.00001 had been unchanging since 2019.

Thereafter, in the recent bull run, as Bitcoin went up, KIN also went up and reached a price of $0.00044. Thereafter, with the onset of the bear market, every coin dropped.

Technical analysis of the KIN market environment by CryptoGround indicates in 1 year, the price of KIN might reach $0.0002 in one day due to attention drawn by huge investors.

KIN price prediction says that the price of KIN will stay around the range of $0.0001 throughout 2021 with the possible lower price change.

The price of KIN will be along the lines of $0.0001 for 2021-2022 mid, and from there, the price of KIN is expected to reach $0.0135 in about five years.

KIN Long Term Prediction Forecast

Our top-notch algorithm has presented us with the KIN price as it will be for the next five years. In 2021, the price of KIN has already seen an increase in one year of around 276.11 percent, and by the end of the year, it will stand at around $0.0003.

This significant increase in KIN price over the years shows that the odds are going to be in favor of KIN in the future. The cryptocurrency price has a good future and might prove to be a decent investment for all users.

KIN Price Prediction for 2021 and beyond 2

Kin Price Prediction Chart for 5 years

KIN Price Prediction 2021

Price of KIN prediction by DigitalCoin

Digital coin price, which is a trusted price prediction platform, predicts that with consideration of KIN’s current price, the lowest price of KIN in the future will be around the range of $0.0001645305 by 2021, while the highest price will be $0.0004941958 by 2028. 

Digital coin forecast for KIN price will only increase and not decline as the year goes on. Based on its kin forecast, it will be profitable to invest in KIN.

KIN price forecast

The price of KIN is predicted to lay around the range of $0.0001811407 by the end of this year and will increase to $0.0001804009 in 2022.

The KIN price is still predicted to climb up to $0.0002621593 in 2023. From 2023, the price of kin is predicted to increase from $0.0003265054 and then finally get to $0.0005281231 after five years in 2028.

Wallet Investor Kin Price Forecast

According to Wallet Investor, KIN will be trading 0.00018 by August 2022. This means that after the ending of the current bearish look, we might see a bull sentiment in the market. In the long-term of five years, we might see the price reach $0.00051.

According to Wallet Investor analysis, the KIN price will not crash and will come out to be one of the decent cryptocurrencies in the future. Also, Wallet Insider comments that it is not possible for the KIN price to change into a dollar anytime soon.

KIN forecast by TradingBeasts

KIN token prices for the future by TradingBeasts represent an average of 0.0001324 USD by the end of 2021, 0.0001229 USD by the end of 2022, and 0.0001862 USD by the end of 2023.

KIN/USD price

FAQs

Is Kin a Good Investment?

Based on the price predictions of KIN, it can be termed as a market survivor. KIN has actual value and, therefore, cannot vanish from the crypto market. According to our investment advice, KIN can give good returns in terms of money.

Historical data gathered shows KIN might not yield so much profit short term, so investors should proceed with caution and not gamble. The reason is that BTC is going down right now, and when BTC sees a price drop, all crypto sees a price drop.

The market for mobile games is a growing one, and that is what Kin capitalizes on. But it is possible to gain a lot of profit from this asset as it will see a price increase in the future as algorithm data predicts.

Will the KIN price recover?

KIN has partnered with Unity lately, the creators of the popular Pokemon Go game. KIN is owned by Kik, which is a popular messaging app. Therefore it has great potential in the future.

Investing in KIN shows you’re hoping that this trend doesn’t cease anytime soon and will grow in the future. If it continues, KIN could soon be among the list of best crypto to mine.

However, historical data shows that KIN and its market environment have been stuck in a bear market cycle for about one year. Therefore, there may be a negative trend in the future, and the market cap might decrease in the short term.

So it might not be a good idea for a short-term investment. Nevertheless, the KIN price has the potential for profitability when invested in the long term, as seen in digital coin kin price predictions.

Will KIN reach $10?

KIN can’t reach $10 in the near future.

How do you get a KIN Token?

There are several ways to get a KIN token, but the most popular way is through gaming. Several app developers have ingrained KIN into their games, and through the reward system that KIN was designed to be, players get rewarded for activities.

The activities could be as little as simply logging in daily or watching an ad. Whatever it is, players are rewarded with KIN Tokens. You can also purchase KIN at several exchanges like Coinbase and its alternatives.

Sours: https://www.cryptopolitan.com/kin-price-prediction/
Can kin coin reach $1

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Sours: https://messari.io/asset/kin/news

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