KuCoin (KCS) Price 2020
The current price of KuCoin fluctuates around $1.04; the total market capitalization is $85,645,315 or 9,913 BTC, which makes KuCoin one of the 55 most popular digital currencies as of January 2020. The circulating supply is 82,363,551 KCS, while the total supply is 172,363,551 KCS. The daily trading volume is around $7,984,445 or 924.12427857 BTC. KuCoin is trading on several major markets, yet the most active exchange that trades KCS is KuCoin.
The all-time high of KuCoin, $21.14, was reached on Jan 07, 2018 – during the most famous cryptocurrency bull-run of Winter 2017-2018. On the other hand, the all-time low of KCS, $0.323177, occurred not long ago on Jan 31, 2019. Currently, the estimated ROI (return on investment) of KuCoin is 50.23%, which means that $100 worth of KCS bought at the time of the KuCoin launch would yield about $50 of profit today.
The most recent price trend of KuCoin appears to be slightly positive. Even though in 24 hours, the price of KCS fell by -3.63%, the 7-day price dynamics show a 2.83% increase in the price of KCS. Overall, the price predictions for KuCoin are usually quite optimistic. According to WalletInvestor, KuCoin is a very good long-term investment. In one year from now, the price of KCS may increase almost 2-fold and reach $2.468. However, it has to be noted that price manipulations are possible due to the low market cap of the coin, so one should be careful when investing in Kucoin.
What is KuCoin (KCS)
Kucoin Shares (KCS) is an exchange-based token and the native currency of the Kucoin crypto-exchange. Holders of the token are able to obtain rewards from the success of the exchange, as 50% of its overall trading fee revenue is shared with holders through the tokens. Rewards, received in the form of dividends, are proportional to the amount of Kucoin Shares one holds; that means the more KCS you hold, the bigger the reward you will receive. Due to the attractive passive income model, Kucoin is usually seen as the biggest competitor to Binance.