KuCoin token price prediction: Will the coin skyrocket?

KuCoin is now one of the most popular altcoin exchanges, but what of its native token?

The KuCoin logo on a green background                                 
KuCoin offers investors 24/7 customer support, according to its website – Photo: Shutterstock
                                

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KuCoin, launched in 2017 and ranked the fifth-largest spot exchange according to CoinMarketCap, has managed to establish itself as one of the frontrunners among crypto exchanges, based on traffic, liquidity, trading volumes and confidence in the legitimacy of reported volumes.

On a mission, according to its website, “to facilitate the global free flow of digital value,” KuCoin claims to have more than 10 million global users, and an accumulated trading volume of over $800bn.

While the project certainly appears to have performed impressively over the past year, what does the future hold? What is the latest KuCoin token price prediction?

Before looking at any forecasts, let’s do a quick review of the coin.

What is KuCoin token (KCS)?

The KuCoin token (KCS) is the native token of the KuCoin exchange. KuCoin enables investors to buy and sell more than 600 cryptos including Bitcoin, Ether and Tether. It is available in more than 200 countries, according to its website, and users can access the KuCoin platform via desktop or mobile apps.

In addition to buying and selling cryptocurrencies, a variety of other investment possibilities are available, including futures trading, P2P trading, stop-market orders and limit orders.

From the KCS whitepaper

On 29 March 2022, KuCoin and the KCS Management Foundation jointly released a new KCS whitepaper.

The site states: “The KCC ecosystem will aggregate various types of projects and platforms, including DeFi, NFT+, games, Web 3.0-related application projects, etc. KCS will support and integrate with the entire ecosystem and continue to capture value from the following aspects, including the right to participate in the services of related products and the repurchase of KCS for the benefit of projects in the ecosystem.”

It goes on to say: “With further development of the KuCoin exchange ecosystem and the gradual improvement of the KCC ecosystem, we have built an ecosystem based on blockchain technology around KCS with self-circulating value.”

KuCoin token features

According to the KuCoin website, its native token, KCS, enables users to extract more value from the exchange. As a profit-sharing token, holders with more than six KCS receive a daily dividend, pooled from KuCoin’s daily trading revenue. Half of this revenue goes to KCS holders.

Users can pay transaction fees on the exchange and, according to the website, enjoy discounts for doing so. KCS holders, depending on the amount of the token they hold, can become KuCoin VIPs and gain access to reduced maker and taker fees. 

Despite robust security features such as multi-factor authentication, encryption and a multi-password access process, the exchange suffered a major hack in 2020, when hackers stole crypto worth more than $280m from users’ wallets. The KuCoin hack was the fifth-largest in history so far. 

KuCoin founders

There are conflicting accounts online of who founded KuCoin. CoinMarketCap states that KuCoin, headquartered in Singapore, was founded by Eric Don, Jack Zhu, John Lee, Kent Li, Michael Gan and Top Lan. But according to LinkedIn, Eric T also co-founded KuCoin. Chairman Michael Gan and current CEO Johnny Lyu are, however, the major players involved. 

Lyu, based in Seychelles, studied e-commerce at Chengdu Neusoft University. After graduating, he worked as a technical supervisor for Hong Kong-based fashion company Milanoo, before becoming CEO of IMOOLO Jewelry. 

Gan, before founding KuCoin, worked at Alibaba as well as Ant Financial.

Before we look at the KCS price prediction, let’s look at the coin’s recent performance…

KuCoin token performance

Immediately after launch, the coin surged from $0.4551 on 30 November 2017 to $20.44 on 10 January 2018. Despite dropping back to $2.28 on 18 March 2018, KCS subsequently rose to $5.17 on 24 April 2018.

Soon after the coin price began to collapse, hitting $0.4766 on 15 December 2018. Throughout 2019 and 2020, KuCoin remained in a range between $0.30 and $2.01, but in 2021 KuCoin began to surge, spiking at $18.56 on 12 April 2021. The coin soon corrected to $5.96 on 23 May 2021, before rising again to a high of $14.12 on 6 July 2021.

Towards the tail-end of 2021, KCS began to spike, reaching an all-time high of $28.80 on 1 December 2021. KCS dipped to lows of $15.02 on 27 January 2022, but spiked once more as trading opened on 1 February. The token then largely traded sideways between the $17.50 and the $20 mark, up until a crash in May brought the value of the coin down to trading lows of $9.34. 

There was some recovery in the following weeks, with KuCoin opening on 1 June 2022 at $17.84. On 8 June, the following was announced on Twitter:

The token closed on 8 June at $15.96. However, another crash in the following days saw almost 20% wiped from its value in a 24-hour period. As of 13 June 2022, at the time of writing, the token is trading at $12.02.

The broader crypto markets remain in decline, and some exchanges have confirmed a crypto winter. Investors continue to mull over the prospects of inflationary pressures, central bank missteps, and the looming prospect of recession. Altcoins have largely trailed behind as we move further into 2022.

Data provided by CoinGecko suggests the coin has risen by more than 50% in the past 12 months, but is down by 25% in the past 14 days.

There is a maximum supply of just over 170 million KCS coins and a circulating supply of roughly 98.4 million (58%), giving KuCoin a market cap of about $1.2bn.

How does this information affect a KuCoin token price prediction?

KCS coin price prediction: Expert opinion

It is important, when looking at predictions and forecasts, to remember that while they can be helpful as an indicator of which direction the price may move in, they should be viewed as possibilities rather than absolutes. This is especially the case when looking at long-term forecasts, as these can often be completely off the mark. 

With that in mind, let’s look at some KuCoin token price predictions for 2022 and beyond.

WalletInvestor, in an optimistic forecast, thinks KuCoin could go to $27.94 in a year’s time, before increasing to $71.60 in five years’ time.

Gov.capital, in an even more bullish forecast, suggests a value of $74.58 in one year. The website’s KuCoin token price prediction for 2025 suggests the coin will break the $300 mark in October of that year. In five years, the platform predicts KuCoin will be worth $551.64.

DigitalCoinPrice, meanwhile, thinks KuCoin could be worth $15.67 in July 2022, representing an upswing of over 30% over the course of the month. The site also forecasts a general year-on-year uptrend and gives an average KuCoin token price prediction for 2030 of $53.72.

PricePrediction.net also makes a bullish KuCoin Token price prediction for 2022. Short term estimates are an average of $12.02 in July, and closing the year at $13.80. In 2025, the token is expected to be worth an average of $40.32, hitting $276.79 in 2030. 

FAQs

There is a maximum supply of just over 170 million KCS coins, of which more than 98.4 million are currently in circulation (58%).

Potentially. The coin has performed very well over the past year, and forecasts seem to predict the coin is going to do well in the future. 

It’s always worth remembering, however, that the crypto market is highly volatile, and the price of all tokens and coins can go down as well as up. Never invest any money you cannot afford to lose.

Many forecasters suggest the coin will go up, with some analysts forecasting it could skyrocket in value over the next couple of years.

Always remember, though, that cryptocurrencies are highly volatile, and that forecasts – especially longer-term ones – should only be viewed as possible indicators.  

Investing is a highly personal endeavour. Do your own research and try to keep up-to-date on any developments within the KuCoin ecoystem that could boost or dampen its prospects.

Remember, investing can be risky: it is important never to invest more money than you can 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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