Another Project Is Coming To The KuCoin Pre-Market, Will It Rally?

• 1 KuCoin’s pre-market trading platform has added io.net (IO), a decentralized computing project.
• 2 The demand for KuCoin’s token could rise as more users engage with io.net through KuCoin.

KuCoin’s pre-market trading platform has recently introduced io.net (IO), another project that has been added to Kucoin pre-market, it is poised to transform the decentralized computing arena.

Similarly, the io.net Cloud offers a groundbreaking decentralized computing network, providing machine learning engineers with the ability to utilize scalable distributed clusters. 

Tweet By Kucoin | By X Platform

Likewise, the integration of io.net into KuCoin is anticipated to have a positive impact on KuCoin’s token price. By offering a cost-effective alternative to centralized computing resources, io.net is likely to attract a substantial user base, increasing the volume and activity on the KuCoin platform. 

Additionaally, as more users engage with io.net through KuCoin, the demand for KuCoin’s token could rise, potentially driving up its market price. Moreover, the association with cutting-edge technology like io.net could enhance KuCoin’s reputation as an innovator in the cryptocurrency space, further contributing to the token’s value appreciation.

Kucoin Is Heading upwards, What’s Next?

The Kucoin asset is showing bullish features and highlights that it can achieve more growth. It has demonstrated good performance in the past week by 9.42%.

The KCS crypto has experienced a surge of 1.24% in the last 24 hours, trading at $10411. The Kucoin crypto has demonstrated a sign of resurgence as the price boosted upward from a critical level of around $8.0 on the charts.

The KCS crypto is poised for a spectacular rally in the coming sessions as it prepares to smash the resistance level and soar to new heights from the current support zone.

Similarly, the Kucoin asset is showing bullish strength and rising potential as it stays above major 20-day and 50-day EMAs. Moreover, the KCS asset is in a strong uptrend, as MACD shows a bullish cross above the zero line at 0.046. Likewise, the RSI is at 54.07 and shows no signs of overbought conditions, suggesting that the KCS asset has more room to grow.

Kucoin Price Overview | By TradingView

Therefore, if the demand for the KCS asset price remains high, it could keep on surging from the current level. The next target for the price could be to reach $12.0 and $13.0.

However, if the Kucoin crypto price fails to stay above the $8.0 level, it could decline further and could lower up to $4.50, as well.

Is Kucoin Popularity Rising, Let’s Decode Social Metrics

The positive recovery in active users and Twitter chatter of Kucoin is evident through its social dominance which includes Twitter KCS news (X), Twitter followers (X), and social volume (including active users of Telegram and Twitter). 

Kucoin Social Dominance And volume | By santiment.com

Kucoin has been mentioned in an increasing number of tweets, indicating its growth and trendiness in the market. These metrics establish that Kucoin is popular, and its metrics show growth as well.

Summary

KuCoin’s Pre-Market trading platform has added io.net (IO), a decentralized computing project. Similarly, the integration of io.net into KuCoin is expected to have a positive impact on KuCoin’s token price. The demand for KuCoin’s token could rise as more users engage with io.net through KuCoin. 

Furthermore, the KCS crypto has shown good performance in the past week by 9.42%. The KCS crypto is poised for a spectacular rally in the coming sessions. The Kucoin asset is showing bullish strength and rising potential. The next target for the price could be to reach $12.0 and $13.0.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Andrew Smith

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.