What is Kin Crypto: Everything You Need to Know About the Cryptocurrency
The Ethereum blockchain saw the release of Kin Crypto. It was developed to serve as the primary medium of exchange inside the Kik Messenger ecosystem.
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What is Kin Crypto?
Kin, which stands for “Kinship,” was created to foster stronger ties among the Kik community’s users. Nearly $100 million was raised via the ICO in 2017. To maintain Kin throughout a legal dispute between KIK and the US SEC, KIK Messenger was sold to MediaLab in 2019.
According to news from October 23rd, 2020, the litigation has finally been resolved.Kin must notify the SEC three years from now of any sale of digital assets it intends to make.Kin Crypto is now recovering from the negative trend brought on by the decline of Bitcoin, holding position #267 on the cryptocurrency market.
Wallets like Kinwallet, Exodus, Citowise and Infinito wallets are all compatible with KIN. It is also listed on exchanges including HitBTC, IDEX, OTC BTC, and COSS, making it a wise investment.
How KIN Crypto Works
With the recent collaboration with Simplex, there is a new procedure:
Nowadays, buying Kin Crypto may be done in just a few simple actions and minutes. Simplex transactions are quick and effective; under normal conditions, the procedure takes 10 to 30 minutes. Additionally, they provide 24/7 customer service to address queries and assist with any technical problems consumers may run across.
Enter the amount of Kin you want to buy along with your Kin deposit address from your chosen Kin app or wallet that supports the KIN SPL token.
Type in your debit or credit card details (Mastercard and Visa are accepted).
Verify your payment and finish the transaction. It’s that simple to finish.
By rewarding producers that provide consumers with a wonderful experience related to their interaction with Kin, this currency functions. For the new use cases, a methodology of software monetization that consumers found appealing was introduced, adding value to the coin.
Through a federated consensus approach, the blockchain for this Kin Crypto runs autonomously. Only 10 trillion Kin will ever be manufactured, and it was made in large quantities to make it easy for any user to accept Kin.
Gamers may include cryptocurrency prizes in their numerous apps thanks to Kin. This makes it possible for gamers to get the Kintoken if they complete certain objectives on the site.
Additionally, players may spend these Kin tokens to buy in-game goods. The Kin token may be changed into cash so that gamers can withdraw it, even though this appears to be the standard now.Furthermore, players that get tokens may choose to utilize them in other games. More advantages accrue to game developers who may advertise their additional games on the platform. Not to be left out, developers that use the platform get tokens as well.
Price History of KIN Crypto
KIN crypto earned its founders around $100 million in the first month after its September 2017 debut. After then, it attracted minimal attention, reaching its all-time high in 2018 when it was sold for $0.00122572 in January.
The price was kept between $0.00000592 and $0.00000849, nevertheless, thanks to a KIN price increase that was seen immediately after this incident. A further collapse occurred at the start of 2020 when it hit an all-time low of $0.00000239.
KIN had excellent community support and was eagerly anticipated, reaching an all-time high of $0.001225720000 on January 7, 2018. (over 4 years). The lowest Kin crypto ever traded was $0.000002392015 on January 11, 2020. (over 2 years).
Given the incredible total quantity of 10 trillion tokens, KIN would need to establish itself as a worldwide reserve currency for its price to reach $1 per token. $1 per token is considered by some observers as “borderline lunacy,” but far lower amounts like 1 or 10 cents represent a difficult climb.
Kin Crypto Price Prediction
Kin Price Forecast 2022
Our 2022 Kin crypto price forecast indicates that KIN may finish the year with a low of $0.00001242.
KIN may eventually achieve an average price of $0.00001300 and a maximum price of $0.00001408 if the present bullish trend continues.
Kin Price Forecast 2023
With a maximum value of $0.00002192 and a possible range of $0.00001944, 2023, according to our Kin crypto price projection, maybe a nice year. The minimal value of the digital currency for the year can retrace and drop below $0.00001879.
Kin Price Forecast 2024
Our Kin price forecast for 2024 indicates a high of $0.00003278 and an average price of $0.00002744 if KIN can sustain its present trend. KIN might have a minimum value of $0.00002647 in 2024.
Kin Price Forecast 2025
Our Kin price forecast for 2025 predicts that the currency might soar to a maximum value of $0.00004550. A minimum prediction value of $0.00003956 and an average price value of $0.00004065 are both possible for Kin crypto.
Kin Price Forecast 2026
Since the average price is expected to be $0.00005850 by the end of the year, and the highest price is $0.00005734, our Kin price prediction for 2026 may be favorable for Kin crypto. Before the year is over, the price of digital currency might fall to a minimum of $0.00005647.
Kin Price Forecast 2027
Since the highest Kin price is $0.00010005 and the average predicted value for the year is $0.00008836, our Kin price estimate for 2027 is optimistic. By the end of 2027, the value of the virtual currency may reverse and reach as little as $0.00008602.
Kin Price Forecast 2028
Our 2028 Kin price estimate indicates that the Kin crypto might go as high as $0.00014567. The minimum price prediction is $0.00012237, while the average price estimate for KIN may be $0.00012591.
Recent Trading On Kin Crypto
Late October to early November 2021 was the last time kin crypto had an objectively respectable run, when the token managed to routinely trade over the $0.0001 mark. With the exception of a small upswing in the first few days of December, kin has, however, been on a declining trend ever since.
The token plummeted to $0.000049 on January 31st, 2022, before dropping even lower to $0.000044 on February 28th. Kin crypto broke over a threshold of $0.00004 on March 10 and traded there till March 21. A minor reversal up to $0.00004 has been seen as of March 24th, 2022, before declining once again during April.
The 90-day high of $0.000044 that was recorded on March 1 was 70% lower than the exchange price on May 27, 2022, which was $0.000013.
Is Kin a wise investment?
Use a smart plan if you’re considering investing in KIN Crypto. If you have an asymmetric risk profile, you shouldn’t invest in this way. However, it continues to be a wise investment for those with high-risk tolerance and sound financial standing.
What is Kin Crypto used for?
What Is Kin? For the messaging app Kik, the cryptocurrency is called Kin. Within the Kik communication system, Kin serves particular purposes. Users may spend their earned Kin on a variety of products and services on the Kik platform after making contributions to the larger Kik community.
What is kin on Solana?
Integrate Kin SDKs with ease and join the Web3 app ecosystem where $KIN is generated, spent, and shared. The built-in functionality and programmability of the cryptocurrency Kin are astounding. By putting Kin into practice, you can expand the possibilities for your users.
Is kin going to be listed on Binance?
The Binance official cryptocurrency wallet software has expanded to become a multi-cryptocurrency wallet by adding support for Stellar Lumens, Aion, Kin, Nimiq, and Thunder Token.