Kyber Network Crystal V2 Price Prediction-Will KNC Hit $5 Soon?

This Kyber Network crystal V2 Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our price analysis and prediction.

The cryptocurrency market has started to surge again. In fact, there are some crypto assets that increased to a new all-time high recently, and KNC was among them after it attained a present all-time high price of $2.91 on March 3^rd, 2022 according to CoinMarketCap. It has a one month return on investment of 51.1%.

Nevertheless, the crypto market is recovering slowly, and most cryptos are losing their previous gains. Is the scenario the same as the KNC price? We’ll find out shortly in this KNC price analysis 2022 article. But first, let’s have a look at what KNC is.

What is Kyber Network Crystal V2 (KNC)?

Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols.

DeFi has many use cases and possibilities. Therefore, no single liquidity protocol can fit the needs of all liquidity providers, takers, and other market participants. Kyber’s liquidity hub architecture allows developers and the Kyber team to rapidly innovate and integrate new protocols into the overall Kyber Network to cater to different liquidity needs.

In the Kyber ecosystem, KNC token holders play an important role in deciding new growth and value-capture opportunities and incentive mechanisms. Through KyberDAO, KNC holders can participate in the governance of the network by voting on important proposals.

Kyber’s community is sizable and made up of a wide range of developers, in addition to other members of the blossoming DeFi industry.

Kyber’s fully on-chain design enables the protocol to maintain full transparency and verifiability. The platform claims to be the most used liquidity hub in the world.

 Kyber Network Crystal V2 (KNC) Current Market Status

KNC is one of the most aggressive cryptocurrency assets in the crypto market today. In fact, crypto was able to record a growth rate of over 26.5% in the past two weeks. For this reason, KNC has become one of the most talked-about digital assets in the crypto world due to its recent surge.

In terms of its market standing, the crypto positions itself as one of the most prominent cryptocurrencies. As a result, the Kyber Network Crystal V2 (KNC) price trades at $2.85 with a 24-hour trading volume of $528,238,324 and a 24-hour increase of 4.39%. Indeed, this market status of crypto attracts global investors all around the world.

Now that you already have an idea about what KNC cryptocurrency is, do you think KNC is a good investment this year? If you are already excited to know, come, and together let us check this KNC price prediction and price analysis article.

Kyber Network Crystal V2 (KNC) Price Analysis 2022

Currently, KNC holds 117th place on CoinMarketCap. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this Kyber Network Crystal V2 price prediction article.

From the 1Day chart of KNC/USDT above that shows the William Alligator, we can see that since the jaw (blue curve) is below in recent trend, there is a high probability that the price of KNC will retain the bullish run for some time.

The relative strength index of KNC is 56.75, which means that the present uptrend is strong since it lies between 50 and 70, though it is approaching the overbought region.

Since the 90-MA of KNC is a little below the 30-MA, investors should be mindful if they are not going for the long term, since it could be bearish in the long term.

Kyber Network Crystal V2 (KNC) Price Prediction

From the chart below, if the bears have their way, the price of KNC might break the $2.333 at suppport1 level and plummet to $1.088 at support3 level, which is the bearish price signal for 2022.

Conversely, the market might turn with crypto thereby making its recent uptrend position to be sustained, thereby making the price of KNC to break the $2.899 at resistance1 and even move higher to $4, the bullish signal for 2022.

Kyber Network Crystal V2 (KNC) Price Prediction 2022

If KNC’s bullish trend continues, KNC will reach $4 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Kyber Network Crystal V2 (KNC) Price Prediction 2023

The price of KNC can move even great heights, however reaching $10. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency KNC breaks past the psychological resistance level.

Kyber Network Crystal V2 (KNC) Price Prediction 2024

As per the latest upgrades, developments, KNC price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of KNC in the crypto market, and it will be the best investment as the price can spike and reach around $20.

Kyber Network Crystal V2 (KNC) Price Prediction 2025

In the next four years, KNC prices could rise up to $50. However, reaching this level could not be so difficult for KNC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Kyber Network Crystal V2 (KNC) Price Prediction 2026

In the next five years, KNC prices could rise up to $100. However, reaching this level could not be so difficult for KNC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

KNC has a great future ahead of it in 2022. With ongoing developments happening within the KNC ecosystem, as well as in the overall crypto market, we may see KNC reach new heights. The bullish price prediction of KNC is $4.

Meanwhile, our long-term KNC price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $2.91 according to CoinMarketCap this year. However, that will only happen if it breaks past a number of psychological resistances

Also, if investors have decided that KNC is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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isclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.