Kin price prediction: Is KIN dead or a sleeping giant?

Dogged by numerous setbacks, Kik’s digital currency, kin, has struggled. Will it go up?

Kin (KIN) token in front of a trading chart                                 
An astronomical circulating supply could give kin (KIN) plenty of room to grow – Photo: Shutterstock
                                

Contents

Looking back at KIN

The kin (KIN) digital currency project was announced by the Canadian messaging app company Kik in 2017 as a way to enable microtransactions and tipping on social media platforms and other digital applications.

Throughout its checkered past, Kik has faced numerous run-ins with authorities and regulators, while kin’s initial coin offering (ICO) sparked the ire of securities lawmakers in both Canada and the United States.

Kin was first released as an ERC-20 token, and migrated to its own Kin Blockchain (forked from Stellar) before migrating again to Solana because of scalability issues.

In 2019, Kik was acquired by the holding company MediaLabs. Despite that, kin suffered declining developer support in 2021. Combined with some mind-boggling tokenomics, things got a bit rocky for KIN.

In better news, KIN was added to a number of prominent crypto exchanges in 2021, including the major Australian exchange CoinSpot. Its trading volume saw a strong rise in September, which unfortunately was not sustained. 

If you want all the gossip on Kik’s cryptocurrency project, please check out our in-depth guide. But what of a KIN coin price prediction? What does the chart suggest and what do the forecasters have in mind for a KIN price prediction? 

Tokenomics, KIN-style

With a circulating supply of just over 1.737 trillion against a maximum volume of 10 trillion, there are a lot of zeros involved when discussing kin. Additionally, each kin has a minuscule value of $0.000013, meaning a cup of coffee would cost some 100,000 KIN.

There are some psychological justifications behind this circulating volume. Unlike bitcoin (BTC), kin (KIN) is not just designed as a store of value, but also as a means of exchange through microtransactions. Predicting high trading volume and low trading price, the organisation behind the coin, the Kin Foundation, probably opted for such a large supply to facilitate the transacting of whole numbers rather than small fractions.

The Kin Foundation’s own low kin price prediction proved accurate, but with a recent 24-hour trading volume of $608,793m (1.1% of market cap), market uptake has likely fallen below expectations throughout 2021/22.

Kin’s ICO happened in the golden era of 2017, and managed to raise $100m through the offer of 10% of total supply. While a large sum, it fell below the $125m target because of the exclusion of the Kin Foundation’s homeland, Canada, from the ICO process after pressure from securities regulators.

The Kin Foundation, which holds 60% of supply, dishes out rewards, grants and marketing expenses.

Recent trading activity

The last time kin had an objectively decent run was in late October to early November 2021, when the token managed to consistently trade above the $0.0001 threshold. But barring a brief rally in the first days of December, kin has been in a downward trend ever since.

By 31 January 2022, the token had shot down to $0.000049, before falling further to $0.000044 on 28 February. On 10 March, KIN passed below the $0.00004 barrier, where it traded until 21 March. As of 24 March 2022, a slight reversal up to $0.00004 had been observed before dropping again throughout April.

The 27 May 2022 exchange price of $0.000013 was 70% below the 90-day high of $0.000044 observed on 1 March.

What do forecasters say?

WalletInvestor’s KIN price prediction for December 2022 is $0.000020, suggesting a 53% increase. By the end of 2025, the forecaster expects the coin to effectively lose all its value, falling to $0.0000008.

Looking even further ahead, PricePrediction.net is more optimistic, giving a KIN price prediction for 2030 of $0.00047 while its kin price prediction for 2025 gives a target of $0.000071.

The forecasters at DigitalCoinPrice are relatively neutral, giving a 2022 KIN price prediction of $0.000017, and believing the coin will exceed the $0.00005 mark some time in 2029. 

The KIN price prediction at TechNewsLeader currently estimates a price of $0.000025 in 12 months’ time, and a $0.000080 price point over five years.

Please note that digital forecasters use algorithms to determine price targets. Such forecasts do not constitute financial advice and should only be used as a reference.

With a huge circulating supply, kin has room to grow, and some price predictions are fairly bearish. This is contingent on growing developer relationships to increase the token’s utility. Low-cap cryptocurrencies like kin can be extremely volatile, so trading with caution is always recommended.

FAQs

Kin could be a good investment, but that depends if the project picks up wider support. If not, the value of the token could easily fall.

Please make sure to conduct your own extensive research before making any investment choice.

The KIN price prediction coverage among forecasters is mixed with some expecting substantial losses. Crypto assets are highly volatile. Extensive due diligence is required before opening a position.

That is something you will have to make up your own mind about. Whatever you decide on, bear in mind that the article is for educational purposes only and does not constitute financial advice.

Please conduct your own research before making any investment, and never invest any money you cannot afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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