Kyber NetworkKNC
$1.92
Market/Exchange
KNC Price Prediction and Price Movement
We have seen some downward price movements over the past three months as KNC has dropped 0 percent. Though with its relatively large market capitalization, KNC maybe in the middle of a long price consolidation phase, in the case of a strong fundamentals, it would be likely that KNC may bounce back heavily and continue its next phase of upward movement. Therefore traders should spend some extra effort in researching KNC's fundamentals and still be cautious while trading this coin.
Please note that this analysis is purely base on KNC's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Kyber Network Price Chart
About Kyber Network
KyberDAO recently approved KIP-6 to migrate and upgrade $KNC to make the token more dynamic with the ability to support efficient upgrades, while giving greater control to KyberDAO. The KNC Migration Process has begun at 20th April, 2021 with no hard deadline at this moment (Aug 2021). Migration ratio is 1:1 (1 old KNC will be migrated to 1 new ERC-20 KNC token)
To avoid confusion, it is recommended that the old token be labelled as KNC Legacy (KNCL) and the new token will retain the original ticker KNC. KNC remains an ERC-20 token.
For KNC holders managing their own tokens on self-custodial wallets such as Metamask, Krystal, Ledger, Trezor, Keystore etc. you can convert to the new KNC token on your own via the Migration Portal on kyber.org/migrate
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IMPORTANT: Please make sure not to transfer KNCL tokens to a centralized exchange that only support upgraded KNC. Doing so might result in a loss of funds.
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New KNC page on Coinmarketcap: https://coinmarketcap.com/currencies/kyber-network-crystal-v2/