KuCoin Token (KCS) is the native token for the KuCoin exchange. Like most cryptocurrencies in the market right now, KCS is making massive gains, and its investors are enjoying incredible gains.
At the time of writing, KCS is trading at $14.36 on major exchanges. The price is a 31.7% gain in the past 24 hours.
KCS Price Analysis
KCS is on a steady rise, and with gains amassing to more than 1000% in a one-year period, investors are now rushing to buy the coin with hopes that prices will rise even further. With an over 30% gain in 24 hours, KCS is close to breaking out of its closest support level of $17. If buying support is still high at this point, a further upswing may be recorded, and KCS will inch towards $20.
However, buyers who are buying because of the uptrend need to be cautious because the steady growth in KuCoin might lead to an overbought situation, in which case, KCS will fail to hold the uptrend and hence its value will decline.
In the event of a decline, KCS will drop to $10 and below, which might create new entry support for the coin. A further decline to $8 might stabilize KCS prices; hence we might see a consolidation at these levels.
In the past day, KuCoin is one of the cryptocurrencies reporting an increased interest on social media; hence this might be behind the recent price surge. The increased interest in KuCoin might be because over the weekend, KuCoin advertised that it was giving away 500 Tether to those watching Euro2020 Championships.
⚽️#EURO2020 is back today! Watch the games & win from a 500 $USDT giveaway!
🤳Tweet a photo of you watching the #UEFA games with a #KuCoin logo in the picture & the hashtag #EURO2020withKuCoin
🙌Follow @kucoincom & RT
🎁10 winners of 50 USDT each will be announced on July 12. pic.twitter.com/2m8H0Ge7z1
— KUCOIN (@kucoincom) July 2, 2021
KuCoin is also supporting the APENFT Airdrop program from July 2021 to 2023. This support is also another way that Kucoin is gaining popularity in the crypto market, which plays a vital role in boosting KCS prices.
Where to Buy KuCoin (KCS)
For those who want to buy KCS during the current bulls, they can do so on the following exchanges:
eToro is a highly reputable cryptocurrency exchange that offers a wide range of features such as copy trading and low trading fees. Besides, eToro also supports the most popular cryptocurrencies and a vast selection of trading pairs.
KuCoin is also a recommended crypto exchange for those who want to buy KCS. KuCoin, just like eToro, also supports copy trading. It also lists a comprehensive selection of cryptos and trading pairs, making it highly recommended.
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