AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
.jpg)
Highlights
- Kyber Network Crystal v2 (KNC) crypto is primarily a multi-blockchain trading and liquidity exchange, which ensures liquidity at best possible rates.
- On 15 June, the KNC crypto was witnessing a rally of 4.60%, with a volume gain of 5.75%, as per CoinMarketCap data.
- The Kyber Network Crystal v2 token has been trading at US$1.52 with a trading volume of US$13,66,48,458, as per CoinMarketCap.
Kyber Network Crystal v2 (KNC) crypto is primarily a multi-blockchain trading and liquidity exchange, which ensures liquidity at best possible rates. The primary goal of the KNC crypto is to ensure that DeFi DApps and DEXs can do instant trades and swaps for any ERC-20 tokens.
Being dynamic in nature, the Kyber Network Crystal v2 can be burned, and minted by Kyber DAO to provide growth to the protocol. The users can earn rewards by swapping and farming tokens, which offer liquidity with the highest capital efficiency.
On 15 June, the KNC crypto was witnessing a rally of 4.60%, with a volume gain of 5.75%, according to CoinMarketCap.
Related read: Why E-stablecoin could be a gamechanger in present scenario?
Why did KNC crypto rise today?
Although the exact reason for the KNC crypto rise is still unclear, it’s a welcome break from the bearishness that the token has been witnessing over the past month or so. According to CoinGecko, KNC crypto has been down by over 26.1% over the past 14 days or so. The decline may also be also because of the prevalent market conditions, which have gripped the crypto market for more than 40 days now.
The unique factor about Kyber ecosystem is that it offers holders an opportunity to decide on the growth trajectory and Kyber’s value creation proposition. The KyberDAO holder can participate in the governance of the network by voting on its protocol. The KNC crypto can maintain full transparency and verifiability through its on-chain design system.
Related read: Why is UMA (UMA) crypto grabbing market attention?
KNC crypto’s price and performance
The Kyber Network Crystal v2 token has been trading at US$1.52 with a trading volume of US$13,66,48,458, as per CoinMarketCap. The 102-ranked token was enjoying a live market cap of US$26,96,36,195 with 17,78,09,350 KNC coins in circulation.
With the overall crypto market witnessing a crypto winter-like situation, the KNC crypto rally would definitely cheer its investors. The crypto market has seen some torrid days largely due to the global market conditions and its investors would hope that this can sustain for some time.
Having said that, investors should be careful about their investments and take calls based on their market understanding and research.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
