NKN Price Prediction 2022-2030: What Drives NKN Prices?
NKN – an acronym for New Kind of Network – can be compared to Substratum and Ontology, two projects are building a decentralized internet solution. But a better perspective would be a triumvirate where NKN provides decentralized networking, Ethereum takes care of the decentralized computing, and Filecoin/IPFS does the hosting via decentralized storage.
One of the first applications built on NKN is a Smart home IoT, a Proof-of-Concept for what the team calls the “Airbnb of the Future,” a decentralized sharing economy. The NKN hype started two years ago when an impressed observer exclaimed:
This project has the highest potential to achieve mass adoption out of all the competitors in this space!
Ikenna Odinaka
At the time of writing, NKN is already the most extensive blockchain network globally, with over 101,000 nodes, with Bitcoin and Ethereum having roughly 10,000 nodes each. We’re getting ahead of this puzzle, so let’s start from the beginning.
Today’s NKN price is $0.087394 with a 24-hour trading volume of $3,646,817. NKN is down 7.89% in the last 24 hours. The current CoinMarketCap ranking is #365, with a live market cap of $61,175,557 USD. It has a circulating supply of 700,000,000 NKN coins and a max. supply of 1,000,000,000 NKN coins.
What is NKN?
Network Infrastructure for a Decentralized Internet, known as NKN, is the working of unique peer-to-peer networks based on blockchain technology. The NKN Ecosystem is powered by a novel public blockchain that uses monetary incentives to push Internet users for network connection sharing. This way, they will be able to utilize the bandwidth that is still unused and available to them.
Thus, NKN offers the “new Internet,” i.e., the public internet network and more network resources. This project was launched in the year 2018. The founder of the NKN network is Bruce Li, who was also the ex-Chief Operating Officer for the cryptocurrency project. The founder stated that the network operates from offices based in Beijing and another in Silicon Valley in an interview.
Using the NKN blockchain, you can share your Internet connection with different users from across the Internet in a P2P manner.
The NKN network uses Proof of Relay’s consensus mechanism or the POR consensus. The benefit of this consensus is that it is highly secure and evades attacks directed to the network. Hence, data transmission can be verified, and the verification cannot be tampered with.
Currently, there are more than 25K nodes to validate financial transactions and all the imaginable data on the NKN blockchain. This makes NKN an already impressive network, wherein the participants receive rewards.
Therefore, when it comes to the NKN price predictions, it is essential to learn about the use cases of the NKN token.
NKN Overview
NKN Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 |
NKN | $ 0.086376 | $ 56.14 M | 8.47% | 650.00 M | $ 3.11 M |
NKN Projects
Cellular Automata, A New Kind of Science, and the Ising Model build NKN’s consensus algorithm. A simple local majority rule can allow nodes to reach an agreement in a small number of iterations.
The NKN network has several Chinese collaborations under it as it forms the next-generation blockchain systems. These include:
- D-chat: This is a private and decentralized network-based chat system that offers end-to-end encryption based on the NKN network. It is entirely free for integration with the Chrome browser and provides offline messaging. More than 10k nodes are operating and even allow the users to upload audio, video, or pictures.
- Nutshell: It is similar to SSH in many aspects. It executes shell commands from users who are authenticated by the NKN network. After that, the network sends back results through the NKN-client and monitors for incoming requests from the NKN-multiclient-js application.
- Edge computing: The NKN entered into a partnership with China Mobile.
- Content Delivery System: NKN scored another partnership with iQIYI. This is one of the biggest and most-used platforms for video streaming in China, with many users. The NKN network can handle the entire financial system of a firm.
NKN Price History
NKN Technical Analysis
NKN price analysis has revealed a bearish market. Moreover, the market’s volatility appears to follow a decreasing trend, making NKN’s price less vulnerable to volatility fluctuations. As a result, the upper limit of the Bollinger’s band is present at $0.1526, which serves as the strongest resistance for NKN. Conversely, the lower limit of the Bollinger’s band exists at $0.0584, which acts as the strongest support for NKN.
The NKN/USD price appears to cross under the curve of the Moving Average, signifying a bearish movement. On the other hand, the price seems to follow a downward activity, showing a constantly decreasing market. Finally, the price has been trying to break the support once again, which will cause a breakout in the market. The market dynamic will be shifted in the bulls’ favor and prove to be a silver lining.
NKN price analysis reveals the Relative Strength Index (RSI) score of 37, signifying a devalued cryptocurrency. Furthermore, the RSI falls in the undervalued region. Therefore, following a slight downward approach signals decreasing characteristics and represents the selling activity as superior to the buying activity, causing the RSI score to decrease.
NKN price analysis reveals the market to have entered a complete bearish movement, showing room for future depreciation of NKN. Furthermore, the bears currently dominate the market and are likely to maintain it. As a result, the market offers massive room for further declining activity, which could destabilize NKN and lose more value. However, since the market might break soon, we can assume that the bulls will take care of the market soon.
NKN Price Predictions 2022-2030
Wallet Investor
Wallet Investor forecasts an NKN price of $0.938 in 2022. In comparison to comparable cryptocurrencies, an ROI of less than 50% is disappointing.
Over the next five years, the forecaster sees a price goal of $2.518, which is still fairly low. As a result, a bearish feeling prevails.
Digital Coin Price
Digitalcoin’s forecasters have a $1.49 NKN price projection for 2025; an ROI of three times the current price is mediocre when compared to other altcoin services. While there is no NKN price projection for 2030, it is predicted to exceed $2.28 in 2028. In its NKN price forecast article, Digitalcoin recommends selling.
Cryptopolitian
NKN Price Prediction 2022
NKN is now selling at about $2.4 and has recently fallen lower. According to historical patterns, NKN will trade higher this year, with a mean price of $0.11. In a tranquil market, prices will range from $0.10 to $0.12.
NKN Price Prediction 2023
According to the NKN future price projection and technical analysis, the NKN price is predicted to cross an average price level of $0.15 in 2023, with an expected minimum price value of $0.15 expected before the end of this year. Furthermore, NKN has a maximum price level of $0.18.
NKN Price Prediction 2024
According to the following NKN price predictions and technical analysis, the NKN price is predicted to cross an average price level of $0.22 in 2024, with a minimum price value of $0.21 expected before the end of this year. Furthermore, NKN has a maximum price of $0.26.
NKN Price Prediction 2025
According to the NKN forecast and technical analysis, the NKN price is predicted to cross an average price level of $0.32 in 2025, with a minimum price value of $0.31 expected before the end of this year. Furthermore, NKN has a maximum price of $0.37.
NKN Price Prediction 2026
In 2026, the price of NKN is expected to hit a low of $0.43. According to our research, the NKN price might reach a high of $0.55, with an average projected price of $0.45.
NKN Price Prediction 2027
New partnerships inside the industry will help keep the momentum going. In 2027, we believe the NKN coin will be closer to $1. The highest price will be $0.78, the lowest will be $0.65, and the average will be $0.67.
NKN Price Prediction 2028
According to the NKN price predictions and technical analysis, the NKN price is predicted to cross an average price level of $0.98 in 2028, with a minimum price value of $0.95 expected by the end of this year. Furthermore, NKN has a maximum price of $1.15.
NKN Price Prediction 2029
Rewarding incentives will encourage more individuals to join daPPs as the crypto revolution moves into a new era of decentralization and privacy. The trading volume will grow, and the average price will be $1.38. The projected maximum and minimum costs are $1.60 and $1.34, respectively.
NKN Price Prediction 2030
According to the NKN price projection and technical analysis, the NKN price is predicted to cross an average price level of $2.11 in 2030, with a minimum price value of $2.04 expected before the end of this year. Furthermore, NKN will have a maximum price of $2.36.
NKN Price Predictions by Industry Influencers
The future of Web3 is here, and top industry players are positioning themselves to earn from its benefits. Grayscale is one of the largest registered digital assets managers. Web 3 has enormous potential, and NKN is working on its infrastructure.
The future of Web3 is here, and top industry players are positioning themselves to earn from its benefits. Grayscale is one of the largest registered digital assets managers. Web 3 has enormous potential, and NKN is working on its infrastructure.
NKN will prove to be a profitable investment as mass adoption of web3 occurs.
Conclusion
The NKN network is touted to be extremely scalable, with the ability to support millions, if not billions, of nodes. The software is simple to implement and comes in a variety of computer languages.
The future of global networking is Web 3, and NKN is laying the groundwork for decentralized networking. NKN will incentivize its users by providing a peer-to-peer bandwidth sharing mechanism. This protocol is very important in web 3. While the business is now dominated by large corporations and monopolies, NKN faces a difficult road ahead.
The NKN team is ambitious, and with widespread acceptance, it will redefine peer networking and privacy standards.
FAQS about NKN
Is NKN a good Investment?
NKI is a good project with prices set to trade higher this year.
Where can I buy NKN?
You can buy nkn tokens on Binance, Huobi, crypto.com, gate.io, uniswap, bittrex, Kucoin, wazirX and coinbase.
Which wallets can store NKN?
NKN tokens can be stored in the Trust wallet, NKN wallet, and Ledger wallets.
At what price will NKN sell ten years from today?
Extrapolated forecasts place NKN at $8.5, given crypto markets do not crash.
Will NKN replace Bitcoin?
NKN will not replace bitcoin. NKN and Bitcoin have different use cases.
Will the price of NKN crash?
The probability of NKN crashing is low
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