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

KNC Price

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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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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