The Kin coin was released through the Ethereum blockchain. It was created to be the core currency in the ecosystem of Kik Messenger. Before the Kin creation was the Kik point which was supposed to be a system for reward points. However, it didn’t have much success and was therefore ended in 2017 when Kin was released.
Kin is an abbreviation for Kinship and the aim was to reinforce bonds among the members of the Kik community. It was a bit successful based on its release through the ICO as it raised close to $100 million. However, Kik Messenger was sold to MediaLab in 2019 to keep Kin going during a lawsuit between Kik and the USSEC.
How does the Kin Coin work?
This coin works by giving rewards to creators that provide a great experience for users in connection to their engagement with kin. It provided a model monetizing software that appealed to users to adopt the new use case and thus, created value for the cryptocurrency. This Kin coin’s blockchain functions independently through a model of federated consensus.
It is stated that a maximum of 10 trillion Kin will ever be produced and it was created in mass so that every user in the world can adopt Kin conveniently. Kin allows game creators to embed crypto rewards in their various applications. This allows the game players to get the kin token whenever they perform some tasks on the platform. Players can also use these Kin tokens to purchase items within the game. Although this seems to already be a norm, Kin token can be converted to cash and then withdrawn by players.
Added to this, those who are rewarded with tokens can use these tokens in other games if they want. This is beneficial to creators of multiple games as it helps them promote their other games on the platform. Developers are not left out as they also get tokens when they use the platform.
Kin Price History
When Kin was launched in September 2017, it made its creators close to $100 million in the first month. It however received little attention after that and its all-time high experienced in 2018 was when it was sold at $0.00122572 in January. However, it plummeted right after and maintained between $0.00000592 and $0.00000849. It plummeted at the beginning of 2020 once again when it experienced its all-time low of $0.00000239 about 6 months ago.
How much is Kin worth?
Kin current price is estimated at $0.00000812 and has 0 coins in circulation at the moment. Its maximum supply is set at 10 trillion coins and its market cap volume is $14,695,512.
Kin Price Prediction for 2020-2025
Using advanced algorithms and technical analysis, the price of Kin in the future has been predicted by trusted prediction platforms. These price predictions inform traders about the long term value as well as the short term value of Kin to help them make their investment decisions and decide if they want to add kin to the crypto coins they trade on Binance. It will cover kin price prediction based on AI algorithms within 1 year and as far as 5 years.
Kin price prediction by Crypto Rating for the future
Crypto rating advises traders to pay attention to the volatility index of Kin because it shows the price fluctuations of Kin every month. The present volatility index of Kin is 1 which doesn’t show much hope in the price of kin. Historical data shows Kin current price is $0.000010, the price of Kin forecast is that there will be no changes in one month. However, Kin price is predicted to increase to $0.000014 in 6 months.
Technical analysis of the Kin market environment indicates in 1 year, the price of kin might reach $0.000027 due to attention gotten by huge investors. Kin price is predicted to stay around the range of $0.000021 throughout 2021. It will then increase a bit to $0.000027 in 2022 and also $0.000030 in 2023. 2024 will see the price around $0.000033 and then the highest will be around the range of $0.000064 in the year 2025.
While developing the Kin Forecast, the algorithm shown a tough fluctuation in the price of Kin within the last 180 days. With this in mind, the highest kin price predicted in those 180 days is $0.000014 and the lowest price of Kin to be predicted is $0.000014. The latest market trends make it seem as though investors are no longer interested in Kin which is not necessarily so. This coin has the potentials to stay in the market for a very long time and positive Kin forecast will emerge.
Kin Short Term Prediction Forecast
Our algorithm shows that by tomorrow, there will be a 90% boost on the price of Kin which will present Kin at $0.000019. This is presented based on our reading of the unpredictability index of Kin in correlation with other important indicators. In a week’s time, the coin will stay in one position; unmoving completely. But in one month, the Kin price will go up 44% and be valued at $0.000014. It will however end up at $0.000021 in the next year which is about 1116.25% increase based on growing attraction from well-off companies and investors.
Kin Price Prediction Chart for a year
The chart below shows the short term forecast of the price of Kin stated above
Kin Long Term Prediction Forecast
Our top-notch algorithm has presented us with Kin price as it will be for the next five years. In 2021, the price of Kin will experience a 111.51% increase in one year and stand around $0.000021. The price will then get even higher at $0.000027 with 176.69% in 2022. 2023 will witness an even higher increase of 202.15% as the price of Kin will travel to $0.000030. 2024 will begin with Kin being priced at $0.000033 and the increase to @0.000064 where it will remain steady till 2025.
This significant increase in Kin price over the years shows that the odds are going to be in the favor of Kin in the future.