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- 1 The bulls are trading in an uptrend and the EMAs are about to make a bullish crossover in the KCS coin price.
- 2 KCS token benefits in rewarding users and attracting new customer ranges.
- 3 The bulls have taken support of the $5.929 level to shoot up further.
Eric Don and Michael Gan launched KuCoin Exchange in 2017 to compete with Binance. The exchange is designed to be user-friendly with a hybrid system that combines the features of centralized and decentralized exchanges. It offers highly secure and advanced trading and exchange services and is known as “The People’s Exchange”.
How KuCoin is Expanding in the Cryptocurrency Space
KuCoin’s native token, KCS, stands out as a rare digital asset that is not currently experiencing losses. This could be attributed to the fact that KuCoin recently added KlubCoin (KLUB) to its platform. KLUB is a utility token that enables users to pay for drinks, earn rewards, and book tables. It also allows them to gain access to experiences at some of the world’s largest venues.
KuCoin also has a powerful API and offers a wide range of altcoins with great incentives. The exchange aims to provide access to underdog digital assets and is highly regarded for its low and transparent fees, a large selection of crypto assets, strong reputation, and various bonuses.
How Holding KCS Benefits the Users
KCS token, the utility token of KuCoin, benefits in rewarding users and attracting new customers. Issued as an ERC-20 token streaming on the Ethereum network, KCS allows traders to draw value from the exchange.
Holding a particular amount of tokens in the account makes holders eligible for different benefits and discounts. If the user has more than 6 tokens in their wallet, they will get a daily dividend. Daily dividends, referral bonuses, and other discounts make the KCS token one of the most popular and unbeatable players in crypto land.
Prediction of KCS Coin Price
At the press time, the KCS coin price is trading at the level of $7.40 after the coin has started rising since the start of this November. The current resistance for the bulls is at the level of $7.783 while the immediate support which the bulls have already reclaimed on a shallow level is at $5.929.
The 50-day EMA is chasing the 150-day EMA for making a bullish crossover. Meanwhile, the RSI has already reached its overbought level of 88 which means that the bulls have shown immense strength over the past few trading sessions. The current price prediction for the KCS coin will be bullish till it reaches its immediate resistance level.
Conclusion
KuCoin’s native token, KCS stands out as a rare digital asset that is not currently experiencing losses. The exchange aims to provide access to underrated digital assets and is highly regarded for its low and transparent fees. The current trend in the KCS coin price is bullish and the prediction is with the bulls for the immediate resistance level.
Technical Levels
- Support Levels: $5.929 and $4.557
- Resistance Levels: $7.783 and $9.053
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
