Kyber Network is a liquidity protocol hub that combines liquidity from several sources to provide secure and instant transactions on any decentralized application (DApp).
Kyber Network is the first technology that allows anyone to swap tokens quickly without the use of a centralized exchange. Kyber’s unique architecture is designed to be developer-friendly. It makes it simple to interface the protocol with apps and other lockchain-based protocols. It aims to address the issue of liquidity in the DeFi industry by allowing developers to create products and services without having to worry about liquidity for various needs. It’s major purpose is to provide easy access to liquidity pools that offer the best prices to DeFi DApps, decentralized exchanges (DEXs), and other users.The network’s flagship product, KyberSwap, is a dynamic market maker decentralized exchange (DEX) aggregator that attempts to deliver the best token rates to traders while maximizing liquidity provider rewards. Let us review the KNC price
KNC Price Prediction
Bullish Scenario: KNC has risen about 300 percent this year and is now seeing a retracement. Since the beginning of the year, the price has steadily increased in tandem with the protocol’s entire value locked (TVL). In the following days, KNC may retest the $3.43 support level. If the $4.4 resistance level breaks after the retest, we might see a move towards $5.19, $6.07, and higher.
Bearish Scenario:We’re seeing early signs of considerable bullish momentum, but given global macro sentiments, we can’t rule out the bearish possibilities completely. Failure to hold the $3.43 support level and a break below $2.75 might result in a slide to $2.07 and lower.
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