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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
0.092
Current Supply
700000000
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 for NKN price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects a downturn towards $0.07268, and PricePrediction.net echoes with ~$0.05704 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about NKN’s future price, citing upwards of $0.130452 in December.
Potential ROI: -6% Sell

NKN Price Prediction for 2023

In their NKN price predictions for 2023, PricePrediction.net forecasts the coin’s price to go down to $0.05336 by December. Forecasting NKN future, WalletInvestor expects further decrease of its price, too, saying the NKN price will reach ~$0.02576 by that time. On the contrary, TradingBeast keeps predicting NKN price growth, quoting prices around ~$0.13663 in 2023.
Potential ROI: -22% Sell

NKN Price Prediction for 2024

NKN price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0.01656–$0.03772 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $0.163092 in December 2024.
Potential ROI: -21% Sell

NKN Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 NKN price prediction, valuing NKN at $0.165121 by the end of 2025. WalletInvestor agrees with a positive forecast and predicts, in turn, $0.16836 for the same period. On the other hand, PricePrediction.net’s team is more pessimistic — their NKN price prediction for December of this year is just $0.06532.
Potential ROI: 44% Buy

NKN Price Prediction for 2030

Speaking of long-term NKN price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that NKN price will grow further and eventually reach $0.11224 by the end of the decade. PricePrediction.net’s price prediction for NKN echoes with the projection of an uptrend to $0.115. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.033024.
Potential ROI: -6% Sell
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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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