KuCoin is one of the popular cryptocurrency exchanges. The KCS token powers the exchange and the entire KuCoin ecosystem. The KCS token is among the altcoins performing well following the recent surge in altcoins, attributed to BTC’s growth.
The KuCoin token is trading at $10.32 at the time of writing after a 6.1% gain in 24 hours.
KCS Price Analysis
KCS has been on a rising streak this week, following the gains made by the broader cryptocurrency market. Due to the upswing, KCS has retested upper resistance levels, and it is now headed to retesting the resistance level of $12. If KCS breaks past $12, it could gear up for a rally towards $15 and $17. Market signals show KCS is a good buy; hence an uptrend attributed to buying support could happen.
However, if market support fails, such an upswing might not happen, and KCS could retest lower levels. In this case, KCS could retest the lower support of $8. If a sharper correction happens, the downtrend could stop at around $6 and consolidate at this level.
Currently, market support is lacking, given that BTC has retreated to around $37K, and if altcoins mimic this trend, we could see a dip in KCS.
The KuCoin blockchain has been developing real use cases that led to a spike in KCS prices in mid-July. The blockchain announced that it was hosting the KuKuSwap decentralized exchange. KuKuSwap is a decentralized finance (DeFi) protocol aimed at boosting the trading experience and give access to new tokens.
The KuCoin blockchain is also looking to increase its popularity and boost demand for its blockchain and Kucoin tokens. The firm recently collaborated with Blockwiz, a marketing firm that will increase the hype surrounding KCS in the crypto community. Blockwiz was also involved in a dogecoin campaign for KCS.
Where to Buy KCS
If you want to buy KuCoin tokens, you can create a cryptocurrency exchange account on the following platforms:
One of the reliable cryptocurrency exchanges where you can buy KCS is eToro. eToro is one of the leading exchanges, and it supports a wide range of cryptocurrencies and trading pairs. eToro also charges low trading fees and has user-friendly features.
The other platform where you can buy KCS is from the KuCoin exchange. Like eToro, KuCoin supports a copy-trading feature that allows new traders to learn from market experts. KuCoin also supports a wide range of altcoins.
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