The summary of this NKN crypto price prediction tells us that the opinion of respected crypto experts and technical-based analysis combined predict that NEM has the potential to rise up to $2 per token between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy NKN.
“biggest blockchain network in the world in terms of full consensus nodes”– NKN Website
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News about NKN
- New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’
- ‘Coinbase effect’ hits 1inch, Enjin Coin, NKN, and Origin Token ahead of listing
When we think of the biggest blockchains in the world, our minds are often drawn to the likes of Ethereum. However, many are surprised to discover the likes of lesser-known crypto projects like NKN are quietly taking their place amongst the biggest blockchain networks in the world in terms of full consensus nodes.
None of this would be possible without the dedicated community behind NKN that is rapidly growing. As a result, the price has surged over the past three years leading to phenomenal gains for early investors. Leaving many curious about the future price of NKN.
But are you wondering if it’s too late to start investing in NKN? You’re not alone, many people are curious about whether investing in it now is a good idea. I was one of those people until I began to use a range of factors to research the future price of NKN such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in NKN. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our NKN price prediction aims to answer all. But first, let’s start with just what it actually is and how it works.
What is NKN?
NKN stands for ‘New Kind of Network’. An innovative addition to the crypto sphere, this is a peer-to-peer network connectivity protocol and ecosystem that uses economic incentives to “motivate internet users to share network connections and utilize unused bandwidth.”
Since its launch in January 2018, the project has steadily grown its active community to quietly become the “biggest blockchain network in the world in terms of full consensus nodes” according to the project’s website, with 67,266 nodes currently operating on the network and the capability of supporting millions of full consensus nodes.
In its short history, NKN has gone on to become a leader when it comes to peer-to-peer network connections. However, the long-term primary goal of the project is to develop an enhanced infrastructure for web 3.0 that is transparent and open while still preserving security and privacy via server-less communication.
Pros and cons of NKN
Do you still have questions about NKN? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about it to give you a better understanding of the digital asset and its price potential.
|✔️ Less vulnerable to errors and malicious attacks than other crypto networks.||❌ Not as well known as other major blockchains.|
|✔️ Provides an economic incentive for the network connection and data transfer scheme.|
|✔️ It doesn’t sacrifice network scalability to improve manageability.|
Do you still have questions about NKN? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about NKN to give you a better understanding of the original digital asset and its price potential.
Who uses NKN?
NKN is commonly used by internet users and crypto enthusiasts to share network connections and utilize unused bandwidth
How does NKN gain value?
Like most cryptocurrencies, the value of NKN is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for NKN is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can NKN reach $1 per token?
Based on its recent price surges and innovative nature of being a platform with a growing userbase looking to invest, it’s possible that NKN could reach $1 per token in the long term. Many experts believe it could even reach $2 per token by the year 2025.
Where do people buy, sell, and trade NKN?
You can buy, sell, and trade NKN from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
NKN Price History
As it only hit the crypto markets in 2018, the price history of NKN is short but nonetheless sweet. It began trading for $0.35 but, hitting the worst of the 2018 bear run, the price then dropped to under $0.1.
But as time went on, NKN began to regain its price. It was later listed on major crypto exchanges like Binance and Huobi, which saw the coin hit a new all-time high and break past the $1 barrier.
Expert analysis of the NKN price potential
One of the best tools we can use to try and determine the potential future price of NKN is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to NKN, they are also bullish. Over the long term, WalletInvestor predicts that the price of NKN could reach somewhere around $0.663 by the end of 2021 and over $2 by the end of 2025.
DigitalCoinPrice is fairly bullish on its NKN outlook, although slightly less so than Wallet Investor, and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $0.5212721168 by the end of 2021, $0.7277994312 by the end of 2023, and finally, a figure of over $1 by 2025.
Another rather bullish expert analysis on NKN is CryptoGround. They predict the price of NKN in 2021 to potentially reach up to $0.5227 by the end of 2021 and $1.2443 by the end of 2025.
Overall, Trading Beasts are fairly bearish on the NKN price prediction. Based on NKN continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach around $0.5582917 per token by the end of the year and a price of $0.5045861 by the year 2025.
So from over $0.50 in the short term and up to $2 in the long term, the overall expert analysis on the future price of NKN is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the NKN price potential
Now we move on to technical analysis to try and predict the future price of NKN. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
NKN Crypto Price Prediction 2021-2022
Based on its past performance this year, it’s expected that by the end of 2021, the price of NKN could potentially reach a high of $0.24 per coin.
NKN Crypto Price Prediction 2022-2023
After starting the year at $0.24 per coin, it’s expected that the price of NKN by the end of 2022 could reach $0.34 per coin.
NKN Crypto Price Prediction 2023-2024
After starting the year at $0.34 per coin, it’s expected that the price of NKN by the end of 2023 could reach a maximum price of $0.57 per coin.
NKN Crypto Price Prediction 2024-2025
After starting the year at $0.57 per coin, it’s expected that the price of NKN by the end of 2024 and the beginning of 2025 could reach a maximum price of over $1 per coin.
Based on recent price surges and increased adoption, the price of NKN could have a very promising future ahead. This crypto project has numerous advantages for users and businesses alike ranging from the capacity for millions of nodes and zero servers to high levels of security and privacy and low latency.
In the business world, many businesses can potentially benefit from adopting NKN as it’s a network that optimizes data consumption for faster network speeds while maintaining cost-effectiveness.
But while many people can see the significant potential in NKN, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy NKN?
NKN is available to buy and trade on broker sites like eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on NKN. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. NKN is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of NKN and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.