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Kcsusdtsignals

KCSUDT pulling to 1D MA50 amid Interactive NFT Platform Launch!The KuCoin token ( KCSUSDT ) has pulled-back from its recent highs, along with the majority of the market, and is about to make the critical 1D MA50 test. However, the company has released some exciting news on the launch of the Interactive NFT Platform and as the price is about to hit a major Support cluster, those news may be the ideal safety net. But as always, let's break it down to the Technical and Fundamental part of the analysis in more detail. ** Technical Analysis ** As mentioned above, the price didn't stay for long above the 21.300 (former) 3 month Resistance and got rejected. This may be nothing but a common Bull Flag during uptrends but in order to be confirmed, the 1D MA50 (blue trend-line) and the Higher Lows trend-line since the January 22 bottom, have to hold. As you see on the chart, the two are exactly on top of the other. The 1D MA200 (orange trend-line) is right below and has been sustaining the uptrend since late January. The lower Support levels to consider, if this MA/ Higher Lows Zone fails to hold, are 17.550, 16.000 and finally the 13.470 market bottom of January. With the 1W MA50 being at 15.200, I can't see the price going below the 16.000 Support (2). The reason is that since March 27, KCS broke above the former Channel Down of the November 2021 High, hence entering a new bullish phase. Breaking below the 1W MA50, even if the 13.470 Support (3) holds, endangers the chances of a new long-term rally. At the same time, the 1D MACD indicator is about to make a Bearish Cross, which since February was just a signal of a pull-back towards the Higher Lows trend-line (i.e. where we are at now). The RSI offers a clear Buy Zone above 42.00. So as long as the upper Support level holds, the immediate target is the 23.600 - 22.920 Zone, formed by the December 24 & 27 Highs and the 0.618 Fibonacci Retracement level respective. A 1D candle close above translates to a strong rally towards the 28.760 High. ** Fundamental Analysis ** This week the news couldn't be more exciting. After years of accumulation and developments dedicated to providing an exceptional trading experience for cryptocurrency traders and NFT assets investors, KuCoin introduces a new interactive NFT launching platform designed for crypto games and traditional games - KuCoin IGO (Initial Gaming Offering). What is KuCoin IGO? KuCoin IGO provides a seamless centralized experience for users to purchase, invest and manage their unique NFTs. Like cryptocurrency trading, IGO allows users to directly purchase NFTs and withdraw to their external address with minimum delay, and there is no gas fee for NFTs purchase and NFTs withdrawal. KuCoin IGO provides three different approaches to launch your In-Game items via flat rate sales, auctions, or mystery boxes. IGOs can be conducted over several rounds, offering a different number of assets each round with a tiered price structure. When is First KuCoin IGO? The first KuCoin IGO project will be launched on April 8th, 2022. Users can get access to the first IGO project - Pikaster, a card-battle Play-to-Earn game featuring Pikaster (NFT), which creatively designs diverse innovative gameplays, such as Guild Battle, World Trees, Boss Challenge, and Expedition. As you realize, there is only one day left and the hype couldn't be stronger! As of April 2022, KuCoin has supported spot trading for more than 45 GameFi projects; clear proof that their vision about blockchain gaming is clear, with an unstoppable effort to serve the best-centralized experience for the next era of gaming. ** Conclusion ** Those should be enough reasons for you to buy the dip on those Support levels, as this token is continuously supported by one of the strongest fundamental bases in the market. As long as the momentum remains to the upside, don't get left outside of the upcoming long-term rally. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
KCSUDT Short-term outlookThe KuCoin token (KCSUSDT) is trading within a Triangle pattern since the March 29 High. We are close to the breaking of this pattern and there are clear Resistance and Support levels to consider upon break-out in either direction. * A break above would stabilize the price above the 21.300 3-month (former) Resistance and should be enough to push it towards the 23.600 Resistance made of the December 24 & 27 2021 Highs. * A break below the Triangle will still face the Support by the 4H MA50 (blue trend-line) and only with a candle close below it can we see enough sell accumulation to test the next Supports in line. Those are the Higher Lows trend-line (of the January 22 low), which happens to be exactly where the 4H MA200 (orange trend-line) is. So that is a double Support level. * A break below the 4H MA200 could put to test the 17.545 1 month Support, which is the least likely scenario right now as the High Volatility Zone is a strong Support cluster and already gave its credentials as the strongest Accumulation Zone recently. Perhaps they high probability trade if the 4H MA50 breaks while the 4H MA200 holds, would be sideways trading within the Higher Lows trend-line and the 21.300 Resistance for as long as it lasts. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
KCSUSDT broke the 3 month Resistance on new White Paper release!Huge news for the KuCoin token (KCSUSDT) yesterday as the KCS Management Foundation, KCC community, and KuCoin have jointly released the KCS Whitepaper! The 1D green candle following this release was the strongest since November 25 2021. This appears to be the right catalyst at the right time to kick-start KuCoin's new long-term rally. But let's break those news down to the technical and fundamental parts in more detail. ** Technical Analysis ** As mentioned above, the key development of this week is the fact that the token broke above a trend-line that has been holding since January 06 and until yesterday it counted 4 clear rejections. With this candle spike, the price also broke above the Lower Highs trend-line that has been holding since December 04 2020. If the 1D candle closes above the 21.300 level, then buyers can go on and target the natural barrier of the 23.600 Resistance and the 0.618 Fibonacci Retracement level. A break above that Resistance, most likely sets in motion the final run towards the 28.765 High of November. On the other hand, any rejection on the Resistances, should cause a pull-back and test of the Higher Lows trend-line, which started on the January 22 bottom. Note that the MACD is on a Bullish Cross. ** Fundamental Analysis ** The highlight of the week from that perspective can't be anything other than the new Whitepaper and that is already illustrated on the price. A little background first, known as the “People’s Exchange”, KuCoin is a Top 5 Crypto Trading platform with over 600 coins and 10+ million users. KCC is a public chain project initiated and built by the developer community of KCS and KuCoin that aims to solve the network latency and high gas fee of Ethereum. KCS is the native token of KuCoin Exchange and KCC. ● With the vision of “from geeks to mass adoption”, KCS is building a blockchain-based value sell-circulation ecosystem. ● KCS will redistribute the 90 million KCS locked at the time of issuance, from which 20 million KCS will be directly burned. ● KCS will connect the world of both centralization and decentralization and will build a Web 3.0 ecosystem. ● KCS Management Foundation is established to empower the KCC ecosystem. Those above are just the key bulletpoints of the KCS Whitepaper. You can find the full report on their website and twitter page. The great news don't stop there. To celebrate the release of the whitepaper, the exchange is launching the KCS Super Week! Read the Whitepaper and answer the questions to earn a lottery ticket and try your luck to win a share of 21,000 KCS, up to 5,000 KCS for each user! There is also a 50,000 USDT Giveaway on KuCoinFutures! Don't miss out! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
KCSUSDT Triangles on the 1W chart. Look for break-outs.I decided to make an analysis of the KuCoin token on the 1W time-frame in order to give you a better understanding of how similar the market structure since the November High is with that of April - September 2021. As you see, both patterns are Triangles and the 1W chart helps at realizing the levels we need to pay attention in order to spot the next rally before it begins. Right now the price is below the 1D MA50 (red trend-line) but above the 1W MA50 (blue trend-line) which has been supporting since January 2021. There is a specific Resistance zone to beat, which as per the 2021 Triangle, is made of the last two Lower Highs. A break above this level, will also be a break above the Triangle and the 1D RSI shows that we may have just one pull-back left to the bottom of the Triangle, before the new rally that will cause the break-out begins. The next time the LMACD makes a Bullish Cross, will be a (rather late) confirmation. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
KCSUSDT Golden Cross, Resistance to beat & MojitoSwap investmentThe KuCoin Token traded within a Channel Up since it hit the Support Zone at the start of the week but that broke downwards with what looks like a Bull Flag. News-wise, with the announcement of a strategic investment with MojitoSwap, the price looks ready to jump. But let's see both the Technical and Fundamental sides in more detail. ** Technical Analysis ** As mentioned above, the pattern sequence on the 1H time-frame is a Channel Up into Bull Flag. When the dominant pattern is bullish and then pulls-back in the form of a Bull Flag, we should typically expect a strong rebound to a Higher High. The level to keep an eye on is the 19.180 Resistance made by the March 09 High. A closing above should be enough to kick start an aggressive rise towards the 21.230 - 21.000 Resistance Zone but on the other hand a rejection will most likely have the 17.530 Support re-tested. Keep an eye on the Golden Cross that has just formed as last time it happened on 1H on February 26, KCSUSDT did test the 21.230 - 21.000 Resistance Zone. Also, straight after it was formed, KCS entered again a Bull Flag formation. So that pattern makes the current price action more bullish than bearish. ** Fundamental Analysis ** There can be no better price boost to this than the strategic investment from KuCoin Labs with MojitoSwap. The investment from KuCoin Labs will better assist MojitoSwap to improve its products, operations, branding and liquidity. In the future, MojitoSwap will gradually improve the liquidity mining mechanism, expand the support for NFTs, and strengthen the product experience to be more user-friendly. Meanwhile, MojitoSwap will also accelerate the support for native and cross-chain currencies on the KCC chain, with more projects to be launched on the MojitoSwap LaunchPad and Bar. As a DEX at the bottom of the ecological foundation of the chain, MojitoSwap hopes to build a bridge between KuCoin and high-quality projects on the KCC chain, and jointly build a common prosperity on the chain. This strategic investment has come perhaps at the right time and could be the extra push that the price needs right now to break above the 19.180. I don't believe these low prices will last for long on KCS and I am a big buyer myself. I suggest that you don't miss out on this opportunity either and get in now that it is still early. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
KCSUSDT Short-term approach around the 4H MA50The KuCoin Token got rejected early this month (March 01) on its Resistance Zone (1) that is holding since January 16th, practically almost 2 months. The symmetrical Support (1) held on March 07 but the rebound was short-lived as it got rejected on the 4H MA50 (blue trend-line). In our opinion, this holds the key for the coin's immediate price action. If the 4H MA50 breaks, we expect another Resistance 1 test within 21.000 - 21.230. A 1D candle closing above it, would justify the test of the next Resistance (2) at 23.200. On the other hand, a break below the 17.530 Support (1), would be a sell signal with the 16.020 Support (2) as the target. So far the 1D CCI (indicator below the chart) is at the same levels of February 23. This also supports the above argument, as when 17.530 broke with the CCI collapsing to -200.00, KCSUSDT hit 16.020. Keep also an eye on the Internal Pivot trend-line (dashed line) for a potential bounce, as it has bounced the price 5 times already since January 17. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
KCSUSDT testing the Support of the 1D MA200The KuCoin Token is trading since yesterday late session on the 1D MA200 (orange trend-line). On February 24, the price marginally broke below it but on the very same 1D candle it quickly recovered and started a rebound back to the 1D MA100 (green trend-line), which has been the main Resistance since the January 20 sell-off. Practically this is a range-bound short-term trade for quick profit within the two MA periods. The level within the 1D MA200 and slightly below though is a massive Support Zone and we've seen the very same supportive reaction back in May - June 2021. The two fractals are quite similar, with KCSUSDT being range bound within the 1D MA200 Support and the 1D MA100 Resistance. Another key indicator is the Ichimoku Cloud, which right now has just turned green. It did the same on July 31 2021 and that marked the bottom on KCS and the beginning of the next mini Bull Phase. The immediate target is the 0.618 Fibonacci retracement level at $23.00. It is possible that the next Bullish Cross on the MACD indicator, will confirm that, as it did on August 01 2021. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
KCSUSDT hit the bottom of its 10 month Channel. Buy opportunity.The KuCoin token eventually got rejected on its 1D MA100 (green trend-line) and the result (along with the general geopolitical fear in the market) was getting on Thursday to the closest it's been at the bottom of its 10 month Channel Up since January 22. Along with strong news coming from the KuCoin labs with regards to the Metaverse, this mix of technicals and fundamentals create a favorable R/R buy opportunity. But let's look into both outlooks in greater detail. ** Technical analysis ** As mentioned above, the price is now just a few price points above the Higher Lows trend-line (bottom) of the long-term Channel Up that KCS has been trading in since the May 19 2021 market bottom. The January - February price action is quite similar to that fractal from May 2021, as both made two Higher Lows on the Channel's bottom with the last Low coming after a rejection on the 1D MA100. The latest rejection was in fact a Double Top on the 1D MA100. Needless to say, a break above the 1D MA100 is a buy confirmation for those seeking less risk but long-term traders who are willing to take dip buy opportunities can't get a better buy signal than that within a structured technical pattern. See how those two similar Accumulation Phases within the 1D MA100 and the 1D MA200 (orange trend-line), also share an identical 1D CCI pattern. The 2021 bottom made a Higher High almost immediately and eventually made a new market Top just below the 1.236 Fibonacci extension at 1.236. On the current sequence, the 1.236 Fib extension is at 33.885. That is the medium-term target for March - beginning of Q2. ** Fundamental analysis ** Perhaps even better news for KuCoin's long-term outlook come from the fundamental side. As 2022 is now upon us, KuCoin Labs takes a closer look at what this year will bring for the industry. Will there be more excitement, or will regulators push back aggressively? Is the NFT trend coming to an end, or is this only the beginning of a global multi-year trend? Can existing bottlenecks in the cryptocurrency and blockchain space finally be addressed? “KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0," said Lou Yu, head of KuCoin Labs. The forecasts touch upon some interesting points that cannot be overlooked by anyone even remotely associated with the industry. First, KuCoin Labs acknowledges that financial institutions remain crucial to taking the blockchain and cryptocurrency to the next level. Moreover, more companies have set up Bitcoin treasuries in 2021, even though BTC has retraced by almost 50% from the all time high. KuCoin Labs expects more institutions to be transparent about their Bitcoin purchases, although they may not necessarily acquire BTC directly. The focus on Layer-1 and decentralised finance is likely to continue throughout 2022. There is much room for further progress, whether it be scalability for Layer-1 or more complex and rewarding DeFi protocols. Other trends to keep tabs on include: NFTs GameFi DAOs SocialFi MetaFi Regulation And much more On top of that, the exchange has been announcing great competitions all week including: - A $500 giveway to celebrate the world premiere listing of $Ranker. - The KuCoin via Simplex Carnival of a $10000 prize pool with only 3 days left. - 2000 USDT Prize Pool for KuCoin Margin adding the GariToken and UOS. and many many more which you can find about on their Twitter page! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
KCSUSDT Inverse Head & Shoulders with 4H MA50/200 supportingThe KuCoin Token is maintaining its bullish sentiment after the January 22 market bottom as during this week's selling, the price found Support on the 1D MA100 (green trend-line) and is currently rebounding. If this holds, it will be an early bullish signal as with the 4H MA200 (orange trend-line) holding as well last week, KCS has formed an Inverse Head and Shoulders (IH&S) pattern. If the 21.205 Resistance breaks on this buying pressure, the technical target should be the 2.0 Fibonacci extension at 23.800. Keep an eye on the MACD for a potential Bullish Cross that will confirm this break-out as when around the same level a MACD Bullish Cross took place, the price soared to +16.60% to the 21.205 Resistance. A +16.60% from a potential new Bullish Cross, will be exactly on the 23.800 2.0 Fib extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
KCSUSDT above its 1D MA50 again. Potential rally ahead.The KuCoin Token broke and closed above its 1D MA50 (blue trend-line) this week for the first time since December 23. Technically the period from December 09 2021 until February 07 2022, was the new Accumulation Phase, which since May, it has been a regular formation (May 13 - July 04 and September 10 - October 13). Basically those consolidation phases have been taking place roughly within the 1D MA50 and the 1D MA200 (orange trend-line) inside the broader pattern of a Channel Up. Once KCSUSDT closed the first 1D candle above the 1D MA50, the price rallied to the top (Higher Highs trend-line) of the Channel Up, either very aggressively or on a more sustainable fashion. Since on February 07 the price closed a 1D candle above the 1D MA50, we can expect a new rally to start. Taken by the fact thought that it is already 5 days above the 1D MA50 and is consolidating, as well as the fact that this time the Accumulation Phase has been the longest, I estimate that the new Rally Phase won't be a fast one but rather slow and structured. A rough projection puts the new Higher High within $40.00 - $48.00 just below the 2.0 Fibonacci extension of the long-term Fibonacci Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
KCSUSDT Accumulation below the 1D MA50. Buy opportunity.One of my favorites, the KuCoin Token, has been performing remarkably well under the circumstances of the recent December pull-back and is currently showing strong bullish signs again. On the 1D time-frame, the price remains under the 1D MA50 (blue trend-line) but so far it looks like another accumulation phase that usually takes place before a strong rally. As you see on the main chart, this has many similarities with the late September - early October Accumulation Phase. As today, the price then also traded below the 1D MA50 following a roughly -38% pull-back. Once the 1D MA50 broke, KCSUDT confirmed the start of the very strong October - November rally. Keep an eye on the 1D MA50 then, but the fractal already looks set to break. See also how the 1D RSI sequences of today and October look identical. At the same time, there is another key technical development unfolding on the narrower 4H time-frame. The chart above shows that KCS has been trading inside a Triangle pattern ever since the December 03-04 pull-back. A bullish structure is emerging however. Today we have the first test of the 4H MA50 since the start of the fall on December 03. A break above it would alone be a buy call towards the 4H MA200 (orange trend-line) initially. At the same time, the 4H RSI broke above its 1 week Resistance level and made a Higher High, on a bullish divergence against the price's Lower Highs since December 04. In my perspective, the KuCoin token is already at a bargain price and once the 1D MA50 breaks, we will be seeing a strong rally that should initially take the price to the 2.0 Fibonacci extension level at around $45.00. Take advantage of this buy opportunity. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
KUCOIN made a MACD Bullish Cross. Quick buy opportunity.KCSUSDT survived last week's crash with a Double Bottom, creating a Support Zone within 17.900 - 18.100. However the MA200 on the 4H time-frame (orange trend-line), has rejected the rebound so far and is posing as the new Resistance. That is a trend-line that was previously the Support of the uptrend since October, so it is critical to break if KuCoin is to see another sustainable rally. Basically this can be used as a confirmation break-out signal. That may be a good buy opportunity on the short-term as since October 13, every time the MACD made a Bullish Cross, with the CCI indicator (all on the 4H time-frame of course) on Higher Lows after the price made a Support, KCS rallied with each rise varying 14% to 44%. Naturally, once the new technical Resistance set by the 4H MA200 breaks, short-term traders may target 25.300, 27.700 and 30.000 in succession. Don't miss this unique buy opportunity! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
6
KCSUSDT Bullish signal on LMACD. What to watch for.$40-70 targetThe KuCoin token is forming today a very strong bullish signal on the 1D time-frame. The LMACD indicator is making a Bullish Cross. As you see on the chart, since June, every time the LMACD formed a Bullish Cross following a Bearish Cross top, the price soared by more than 50% (in particular +50%, +105% and +175% on those three times). The dominant pattern has been a Channel Up since the May bottom and as you see, if KCSUSDT indeed rises following the LMACD Bullish Cross, it will break this Channel to the upside for the first time since the bottom. Technically, the higher Fibonacci extensions (1.5 Fib and 2.0 Fib) will start playing their part if that happens. So you may consider this potential break-out as an additional confirmation bullish signal. It is interesting to note at this point that the U.S. Dollar Index (DXY) also offers great insight to potential rallies on KCS. On this chart the DXY is displayed by the green trend-line and as you see, since the first LMACD Bearish Cross signal in mid June, most rallies on the KuCoin Token have coincided with drops on the DXY, which is natural for assets valued in USD terms. Since November 25 the DXY has started to pull-back so that may be an extra early signal of an upcoming rally on KCS. Personally I am not missing out on this buy opportunity and neither should you. I have the following three successive targets: $40, $50 and $70 within a two-month horizon. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
15
KCS/USDT (EMA23 Acting Support)💎Technical Analysis Summary💎 KCS/USDT -Not much update for the KCS coin as the price is trading in a range -Currently, the EMA23 is still being respected with the confluence of Fib 0.382 -If we can see a strong move above 25 dollars in the coming days -That could signal an uptrend continuation and potential new ATH levels -For now, the market is calm and waiting for a signal direction -If you are holding this coin, you should have a stop loss below $20 -Because a breakdown below 20 dollars may lead to mid-term correction -Be cautious, because the overall market is not yet stable -Things can go wrong fast so always have a trading plan with proper stop loss -Good luck everyone and stay safe! KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. As the native token of KuCoin, the value of KCS is strongly correlated with the KuCoin exchange platform. KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. For more info about KCS and Bonuses, please visit the link under my Signature Field. ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
by PolarHusk
19
KCSUSDT Why I think KuCoin is worth investing in more than BNBI rarely compare two coins against one another but this one is worth the effort as I believe it will help long-term investors decide where the majority of their portfolio should be invested in. In doing so, I will apply both technical and fundamental analysis in my attempt to explain why I think that the KuCoin token (KCSUSDT) is worth investing more than the Binance Coin (BNBUSD). ** Technical Analysis ** Starting off on a technical approach, the chart above displays both coins on the 1D time-frame and a 12 month horizon since their December 2020 lows. As you see KuCoin has been outperforming BNB on all technical parameters: - From the December 2020 lows to their April/ May 2021 highs, KCS grew by +2900% more than BNB's +2600% during that time. - Following the May crash up to the current November highs, KCS grew by +560% again outperforming by more than twice BNB's +230% growth. - During that rally, KCS September's low was contained on the 0.5 Fibonacci level and the 1D MA200 (orange trend-line). On the other hand, BNB proved less resilient as not only did it break below the 0.5 Fib and the 0.382 Fib, but also considerably below the 1D MA200. - Right now KCS is well past its April highs, almost on its 1.236 Fib extension, while the BNB hasn't yet broken above its May highs. From the analysis above it easily becomes obvious how the KuCoin has been showing much more promise throughout the year than the Binance Coin, offering long-term investors greater value. There is no reason to believe this won't continue into the future as the fundamentals of KCS remain strong and I will explain some of these factors on the Fundamental Analysis that follows. ** Fundamentals Analysis ** First of all let's start with some basics that will serve as an introduction to KuCoin for beginner traders and investors that are not very familiar with: 1. What is KCS? KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. 2. How is KCS related to KuCoin? As the native token of KuCoin, the value of KCS is strongly correlated with KuCoin exchange platform. KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges.​ It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. ​Known as "People’s Exchange", KuCoin provides users with 24/7 multi-language customer services. Meanwhile, KuCoin has established about 19 local communities in North America, Europe, SEA and other regions, providing users with highly localized services.​ As the home of crypto gems, KuCoin has supported over 540 projects with 960+ trading pairs. A number of promising projects like BLOK, KDA, ZKT, and MOVR had primary listing on KuCoin.​ In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the third biggest crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges.​ As a KCS holder, you will be able to get a daily KCS bonus which comes from 50% of KuCoin daily revenue. So as long as KuCoin grows, the daily KCS bonus will grow accordingly. 3. What is KCS Bonus? KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. It is also regarded as one of the best ways to make passive income. Users who hold at least 6 KCS can get a daily bonus, which comes from 50% of KuCoin’s daily trading fee revenue. The amount of rewards that users can get depends on the number of KCS holds and the trading volume of the KuCoin Exchange. With the increasing trading volume of KuCoin, the estimated APR of KCS bonus exceeds 15% lately, which makes more users willing to hold it. 4. How’s KCS related to Spotlight? KCS holders can participate in the token sale on KuCoin Spotlight. KuCoin Spotlight is a platform that serves early-stage crypto projects and its initial token distribution. KuCoin users can participate in the early investment of their preferred projects through Spotlight, and gain profits. According to the historical data, KuCoin has launched 14 Spotlight projects, with the highest ROI exceeding 2763%. To name a few, LUKSO has reached a 122 times increase in token price, and PDEX price surged by 114 times. Take LYXE as an example, now the LYXE price is $34. And the Spotlight token sale price is $0.22 USD. If you participated in LYXE's Token Sale On Spotlight at that time, your investment income would be over 100 times. 5. How’s KCS related to Burningdrop? KCS holders can join BurningDrop. BurningDrop is a fair token distribution platform, and has supported the token distribution of a wide range of blockchain start-ups so far, including HORD, TCP, LOCG, LNCHX, XCAD, etc. Users can access the project token by locking a designated amount of crypto assets. In addition, users can designate tokens to increase their computing power for more token distribution. So far, the average ROI of projects that were listed through BurningDrop exceeds 3814%. 6. How’s KCS related to KCC? Another important milestone for KCS is the development of KCC, which is a decentralized public chain built by the fans of KCS and KuCoin’s fan communities. KCS is used as the only fuel and native token for KCC and can be used to pay gas fees. KCC is a decentralized public chain with high performance. It features high throughput, low latency, low transaction cost, and satisfactory security and stability. In addition, it aims to improve the on-chain processing power and performance with the Proof of Staked Authority (PoSA) consensus mechanism by reducing the block confirmation time to within 3 seconds. It adopts KCS as the on-chain gas fee to reduce the overall transaction costs. By building up a "faster transaction confirmation speed," "higher transaction performance," and "lower transaction fees," KCC aims to provide community users with faster, more convenient, and lower-cost experiences. The number of KCS addresses grew steadily in 2021. We’ve seen a positive impact on the growth of KCS holders after the mainnet launch of KCC in this June, the KCS address growth on the KCC public chain contributed to 45% of the overall growth this quarter. According to KCC Discover, the TVL in KCC is close to 40 million with projects like Mojitoswap, Kuswap emerging. 7. What is KCS burn? KCS’s tokenomics is deflationary. The KCS team is executing KCS buyback and burn regularly. Starting from January 2021,to accelerate the process of KCS burn and adapt to the market development more efficiently, the KCS team decides to adjust the period of KCS buyback and burn from each quarter to each month. In each period, 10% of the net profit will be applied to the buy-back of KCS. In the past three months, more than $6.68 million KCS has been burnt, and it surged almost 14x QOQ. In 2021, KuCoin has burnt over $20 million KCS, about 3x higher than the accumulated burnt value in 2019 and 2020. 8. Where has KCS been listed? KuCoin is the biggest market for KCS with a daily average volume of 20 million. The liquidity of KCS keeps improving, as KCS has been listed on exchanges including KuCoin, MXC, Poloniex, AscendEX (formerly Bitmax) and Probit. 9. What are the other use cases of KCS? KCS, as a payment method, also has a lot of use cases in daily life. You can go shopping on the internet, book a hotel and play games via KCS. More application scenarios include: 1) SwirlPay, a decentralized payment service, supports KCS payments. 2) PlayGame, a direct-to-play gaming platform, enables users to play games with KCS. 3) KCS can be used to make hotel reservations on Travala, the leading blockchain travel booking platform. 4) Purchase fashionable products on Print-ted with KCS. 5) KCS is able to serve various offline and online payment scenarios via Pundi X. 6) Use KCS to buy monster card packs on Splinterlands. 7) Collateralize KCS to borrow US Dollars (USD) and Vietnamese Dong (VND) on Constant. 8) CoinPayments, a borderless online payment platform, accepts payments in KCS. 9) BetProtocol added KCS as the main token used on their gaming applications. ** Conclusion ** The combined analysis above and especially the fundamentals behind it, give you only a slight idea of KCS's huge potential both on the short and long-term. If you are looking for an exchange's token to invest your capital in, or any coin in general, I strong recommend the KuCoin token against the others. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
20