Will KCS Crypto Lead To Further Highs After Huge Surge In Price?

• The KCS crypto price has outperformed 53% of the top 100 crypto assets in 1 year.
• KuCoin has performed better than its token sale price.

KCS is the token of KuCoin, a decentralized exchange and platform. It was created by a team of co-founders in 2017. KCS can be used for trading fees, token sales, staking, governance, and payments. KCS holders can also enjoy lower fees and other benefits.

KuCoin uses a POS consensus mechanism and was launched on the 2nd of September 2017. The fear and greed index of the crypto is indicating greed and the market cap of the crypto has advanced by 2.9% in the last 30 days.

The trading volume of the KuCoin Token has advanced by 19.04% in the last 24 hours resulting in a traded value of $1.6 Million. Also, the traded volume ranking of the crypto as per CoinMarketCap is #772.

The current market cap dominance of the token is 0.05% followed by the market cap value of $966.512 Million. The volume/market cap ratio of the crypto is 0.002 and the volatility of the crypto is also relatively low. The current volatility of the crypto is just 1.33%.

The sentiment for the token is bullish in the crypto market as per Coincodex and the circulating supply of the token is 56.72% of the max supply.

KuCoin Token Blockchain Data Overview

KuCoin Token has a Total Value Locked of $99.52 Million and the stablecoins market cap is worth $87.79 Million. Also, the total raised amount by the crypto is $33.7 Million and the fully diluted value of the token is $3.491 Billion.

It has a total supply of 143.996 Million KCS followed by a max supply of 170.118 Million KCS. Moreover, the circulating supply of the crypto is 96.496 Million KCS.

KCS Crypto Technical Analysis

The KCS crypto price was in a strong downtrend for a very long time which led to the formation of the falling wedge pattern. The price of the token further broke out of the following pattern with very good momentum and volume. 

After breaking out of the pattern, the price of the crypto surged by 65% and is currently consolidating in a small range. It also has formed a swing high of $14.250 and if the price of the crypto further surges above this level, it might lead to new highs in the future.

KCS/USD Chart by TradingView

The EMAs on the daily chart are behaving very positively and the price of the crypto is also trading above the crucial EMAs. The 50 and the 200-Day EMAs are trading in a golden cross and the 20-Day EMA is trading above the larger period EMAs.

The RSI has also crossed above the 50-level and the 14-Day SMA and is following a bullish cycle as it has not hit the oversold zone after hitting the overbought zones. 

Summary

KCS is the token of KuCoin, a leading decentralized exchange and platform. KCS has surged by 65% after breaking out of a falling wedge pattern and is poised to reach new highs. KCS is a bullish crypto with strong fundamentals and technicals and might lead to further higher levels.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.