KNC is a buzz token right now. Find out what drives Kyber Network to be one of the best cryptos to invest in right now.
After a significant downturn, the cryptocurrency market is gradually finding its feet again. With decentralized finance (DeFi) becoming the talk of the town, several algorithms and science-backed cryptocurrencies seem to be enjoying a prolific rally lately. Moreover, several crypto assets have recently rallied to a new all-time high, and KNC is one among them.
Kyber Network is a decentralized, blockchain-based technology that facilitates token exchange without the use of a middleman and offers liquidity for DeFi apps. The major mission of Kyber Network is to make investors feel safe and transact securely, leveraging KNC token at a lightning-fast speed. So, what do we think will drive the Kyber Network to skyrocket in 2022 and beyond? Let’s explore.
Why Choose KNC?
KNC will skyrocket to new highs as Kyber Network has positioned itself as a leading player in the booming DeFi industry.
Kyber Network is an innovative DeFi project that offers users the ability to exchange one cryptocurrency for another, eliminating the need for a centralized exchange. Several decentralized apps (dApps), crypto wallets, and DeFi platforms use Kyber Network.
Kyber stands out in the crowd with its unique architecture, designed to be developer-friendly. This enables the protocol to be easily integrated with apps and other blockchain-based protocols. The network’s liquidity hub architecture allows developers to seamlessly innovate and incorporate new protocols into the Kyber Network to cater to different liquidity needs, making Kyber highly flexible.
Kyber Network pools liquidity from a range of sources, including token holders, market makers, and decentralized exchanges, and unites them into a single network-wide liquidity pool. Kyber’s unique on-chain design allows the protocol to maintain full transparency and verifiability, making it a top choice for investors and traders alike.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will Kyber Network Skyrocket in 2022?
Thanks to KNC’s recent surge, Kyber Network has become one of the best popular cryptos to invest in now.
The Kyber Network is administered by KyberDAO, a decentralized autonomous organization run by the holders of its native KNC currency. The platform also has a decentralized exchange, KyberSwap, which is integrated with over 100 apps. The KNC holders play an important role in deciding the growth, value-capture opportunities, and incentive mechanisms within the Kyber ecosystem.
The Kyber community is sizable and consists of a range of developers and other members of the blossoming DeFi industry. Kyber Network allows developers to develop and work on smart contracts, automatically implementing assignments under specific conditions. Experts predict that Kyber Network will skyrocket as the team has consistently upgraded the protocol to ensure improved usability, security, functionality, and decentralization.
Factors That Help KNC Skyrocket To New Heights
With the rising interest in its DeFi tools, the price of KNC will skyrocket through the roof in the coming years.
Multi-Chain Support On Kyber Network
One of the biggest factors that pushed the price and value of KNC to skyrocket is the protocol’s plan to integrate with the top chains across the cryptocurrency ecosystem. KyberSwap now offers trading across ten separate networks, including Ethereum, Avalanche, Polygon, BNB Smart Chain, Aurora, Arbitrum, Fantom, Oasis, Velas, and Cronos. Since interoperability has become one of the main themes driving growth in DeFi, NFTs, metaverse, and the larger crypto economy, the addition of multi-chains on Kyber Network will eventually increase the network’s adoption rate.
New Coalitions And Protocol Integrations
Another reason for the building momentum behind KNC is the continued addition of new partnerships with established names. The Kyber team has revealed a new coalition with the Bondex professional network. Additionally, Kyber Ventures, the investment arm of the Kyber Network, has established a working relationship with Pegacy, a popular NFT racing game, marking its presence in the booming sector.
There have also been major protocol integrations, helping to spread the reach of the network. KyberSwap has recently integrated with Uniswap V3 on the Ethereum and Polygon Network, bringing the most active decentralized exchange into the KyberSwap ecosystem. The expansion of the network will eventually help increase the token’s user base, making KNC one of the best cryptos to invest in now.
Why KNC Will Skyrocket: Expert Predictions
KNC coin will continue to skyrocket in 2022 and beyond, making it an investment option worth adding to your portfolio.
Digital Coin Price:
“According to our Kyber Network Price Predictions, the KNC coin shows that the price might reach $4.17 at the end of 2022 and $5.64 at the end of 2026.”
Coin Quora:
“If KNC’s bullish trend continues, KNC will reach $10 by the end of 2022. With upcoming partnerships and developments, reaching $15 is quite optimistic in the price point of view but undoubtedly feasible for the near future.”
Don't Miss: Kyber Network (KNC) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Invest $1000 in Kyber Network Right Now?
An investment in KNC now could help you generate profitable returns in the long run.
The purported goal of Kyber Network is to build a world where any value token can be used for swaps in any wallet, payment services, and other newly formed financial products. Kyber network offers a safe and dependable platform to its traders and is listed on prominent cryptocurrency exchanges like Binance, Huobi Global, OKEx, and Upbit. Moreover, Kyber Network will skyrocket as the series of upgrades and successful tie-ups would accelerate the momentum of KNC.
The Bottomline
Apart from the KNC token's utilities and the network’s integration, the trust of investors has also boosted the price of Kyber Network. KNC has withstood the 2022 market crackdown and has shown a bullish ride over the past few months, proving its merit against competitors. This makes KNC one of the best cryptos to invest in.
Open an account with eToro, deposit some funds with USD, and finally – buy Kyber Network Crystal for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
Could Kyber Network (KNC) Be A Millionaire-Maker Coin?
Next Cryptocurrency To Explode In 2022-2023
10 Best Penny Altcoins To Buy And Hold For Massive Growth