KuCoin Token (KCS): Is It A Buy, Hold Or Sell Right Now?

Last Updated March 18th 2022

3 Min Read

Here's why KuCoin Token is one of the most enticing options in the cryptocurrency world to buy now.

Due to inflation, the entire crypto market is on the verge of a full-fledged bear market. However, this has opened up opportunities for investors to buy cryptocurrencies at affordable prices. One such cryptocurrency is the KuCoin Token (KCS), which had made substantial price gains in 2021, thanks to the increasing adoption of coins and NFTs. Today, investors are curious to know if the KCS token is a buy, hold, or sell. So let’s take a look at KCS and its potential for the future.

A Market-Beating Cryptocurrency — But For How Much Longer?

There is a solid bull case for KuCoin in the current cryptocurrency market as a reliable investment option.

With a solid use case, well-designed tokenomics, active community, a growing exchange, and a dependable team behind it, the KCS token has positioned itself as one of the top cryptocurrencies in the market today.

KuCoin Community Chain (KCC), the decentralized public blockchain built by the community, launched its own KuCoin NFT token marketplace in its KuSwap exchange last year. KCC has also announced a $50m accelerator program in February.

Exchange utility tokens like KCS are always worth purchasing. As the platform’s functionalities greatly depend on the token, it is almost impossible to lose on this trade. Once cryptocurrencies reach higher adoption levels, more investors will use KuCoin as their primary exchange, increasing the utility and price of the KuCoin token.

Therefore the increasing potential of the KuCoin exchange is another reason to buy these tokens now.

The Road Ahead For KuCoin Token

Thanks to the rising adoption of the KuCoin exchange, more and more investors are gravitating towards KCS.

KuCoin has numerous plans for 2022 and beyond. The team is currently working to develop its own blockchain with KuChain. This blockchain would allow KuCoin to continue offering low transaction fees with reasonably fast speeds. The KCS token will be used for governance on this platform as well. Eventually, the token would gain numerous use cases and a larger volume of transactions, solidifying the long-term investment value of the KCS token.

The KCS Token Burn

KuCoin is currently working on a token burn, which is the elimination of tokens over time. The crypto would follow a monthly buyback and burn of its token. Being a deflationary token, KCS is better suited for longer-term investors from a potential ROI standpoint. Considering the capital appreciation investors received with KuCoin, the token burn would be a key factor for investors.

Reports say that there are over 70 million KuCoin tokens to be burned, which is sufficient reason for those looking for a fundamental reason to invest in KCS.

Read Also: KuCoin Token Price Prediction

The Success Of The KuCoin Exchange

A key factor that separates KuCoin from its competitors is how the exchange creates value for its users. With its incredible features and integration with DeFi and NFT platforms, KuCoin is becoming a platform of choice for investors. KCS tokens can be used for payment for trading fees on the exchange. Therefore, the growth of the exchange could be a strong price driver for the KCS token.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Is KuCoin Token A Buy Right Now?

KuCoin is a good buy right now. Analysts are quite bullish on the growth potential of KuCoin's platform, implying the increasing value of KCS in the future. KuCoin has over 10 million global users and has reached an accumulated trading volume of more than $900bn across 887 million trades. Moreover, KuCoin’s rich features and low fees make it a compelling choice for advanced crypto investors.

Many investors are expecting bullish returns from KCS, which explains its growing popularity.

A Cryptocurrency Under Close Watch — Now And Always

KuCoin Token has plenty of room for growth, making it a cryptocurrency worth watching.

The impressive growth potential of the KuCoin platform and its KCS token has gotten investors thinking - Is KCS a good buy, hold, or sell right now? Because of the volatility in the market, investors are advised to include KuCoin as part of their well-balanced portfolio, thanks to the token's tremendous amount of value.