NKN Price Prediction

An up-to-date NKN price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of NKN price? Find out NKN price forecast with historical, fundamental and technical analysis.
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NKN Fundamental Analysis

Project name
NKN
Stock Symbol
NKN
Current Price
0.0963
Current Supply
700000000
ROI Since Launch
-46.5058609861818
Launch Date
2021
Official Website

The New Kind of Network (NKN) is a decentralized open-source blockchain platform that aims to solve a series of limitations of the peer-to-peer networks that have been arising over the years. Centralization, barriers to access with authorization processes, scalability constraints, and financial motivations are all existing problems that limit the possibilities of next-generation blockchain systems. Together with the present inefficiencies of the Internet, NKN was created to provide a new type of unrestricted Internet network that can be globally accessible. Just like Bitcoin does not depend on banks or institutions to validate financial transactions, NKN wants to allow the global transfer of data without relying on big telecommunication monopolies. The development team mentions several problems that can be solved through the network – namely, inefficient use of bandwidth, rampant censorship by governments, and invasion of user privacy. NKN uses its own consensus mechanism called "Proof of Relay" (PoR). PoR encourages participants to contribute to the blockchain network by sharing their connectivity and bandwidth in exchange for rewards. Mining is essentially achieved by contributing to the data transfer layer. Participants receive rewards by providing more network resources than they consume. The NKN cryptocurrency represents the future of cryptocurrencies, due to its security, connection speed, and the great wonders of fast connectivity that it has on its website, with improvements, practically daily. Unlike other projects that use buzzwords like “innovation” to promote their projects, NKN is truly doing something remarkable in its field. It slowly but surely climbs up the ladder.

The project was launched in January 2018, soon after the removal of Net Neutrality had been approved by the Federal Communications Commission. With enough obstacles in the state of the Internet at the time, NKN came up with the idea to provide a worldwide network of nodes that could be connected to from everywhere, at any given time. At the time of writing, NKN is already the biggest blockchain network in the world with over 101,000 nodes, with Bitcoin and Ethereum having roughly 10,000 nodes each. 

NKN Live Price Chart

For almost 3 years, NKN coin had been traded at a rather stable price of about $0.01–0.05, but April 2021's surge raised it up to $1.22 at the moment (more than 500% in 24 hours period). Despite later it went down to $0.6–0.7, it's considered as a bull race and is expected for future growth.

Despite the fact that 100% accurate technical analysis for NKN cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated NKN buy-and-sell rating for a selected timeframe. The summary for NKN/USD is based on the most popular technical indicators — Moving Averages, Oscillators, and Pivots.

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NKN Technical Analysis

Despite the fact that 100% accurate technical analysis for NKN cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated NKN buy-and-sell rating for selected timeframe. The summary for NKN/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

NKN Price Prediction

Below we have collected the most reliable price projections for NKN (NKN) from popular forecast platforms.

NKN Price Prediction for 2022

As of the end of 2022, NKN price predictions remain predominantly positive, with some analytics promising the price at about $0.11, while WalletInvestor even cites the possibility of the price reaching $0.231 by the end of the year.
Potential ROI: 63% Buy

NKN Price Prediction for 2023

According to WalletInvestor, in 2023 NKN investors should expect price growth to $0.332, which seems a good reason to consider NKN as an investment option. PricePrediction.net, in turn, predicts the price increasing to $0.15, and TradingBeast agrees with a predicted growth to $0.165324.
Potential ROI: 124% Buy

NKN Price Prediction for 2024

The experts are unanimous in their NKN price forecasts for 2024 — everybody expects NKN’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $0.185619. According to WalletInvestor’s research, NKN’s price can go up to $0.456. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 NKN’s price will be about $0.22.
Potential ROI: 198% Buy

NKN Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the NKN market to grow in 2025, resulting in $0.218447 and $0.648 by the end of the year respectively. Other NKN price forecasts support the idea: PricePrediction.net forecasts NKN to reach $0.32 by December 2025.
Potential ROI: 311% Buy

NKN Price Prediction for 2030

Most experts are expecting an encouraging future for NKN: long-term NKN price predictions promise significant growth by 2030. WalletInvestor predicts the price to reach $0.162, while TradingBeast goes for $0.417234. PricePrediction.net also puts big hopes on NKN in the long term: its NKN prediction for 2030 is $2.11.
Potential ROI: 831% Buy
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Summary

The New Kind of Network (NKN) is a promising project that has great potential to become a real alternative to the current state of the Internet. Decentralization makes all the sense in the world in the crypto space. Therefore, being able to offer the network upon which all the other blockchains and platforms are developed, and where basically all the imaginable data is transferred from one place to another, seems to be very in line with what the whole crypto industry is trying to bring to the world. It certainly poses a challenge to directly compete with the telecom giants that have monopolies in the majority of markets, but it is not so much different than what Bitcoin has been doing with the entire financial system, which is admittedly a bigger opponent to defeat. Whatever the outcome might be, this is a project built with some of the best developers in the game that has plenty of room to grow their already impressive network of nodes.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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