In this guide, we will voice our own and market’s opinion on KIN future while discussing Kin price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Kin.
Now, let’s head into it. Before we delve deep into the Kin price prediction and answer questions if KIN is a good investment or not, why will KIN succeed or fail or why will Kin price rise or drop, let’s quickly throw a glance at what is KIN and its to date history.
KIN Intro
Token sales have boomed in 2017 and ICOs are becoming an increasingly popular way of fundraising. However, Kik is the first established mainstream company to use this funding model instead of traditional venture capital. The Kik ICO raised nearly $100 million including contributions from a private presale.
Kik included Kin – its own cryptocurrency that will serve as a foundation for a decentralized ecosystem of digital services. Kik was inspired by the recent success of Bitcoin and decided it was the right time to announce their cryptocurrency as a part to integrate blockchain with social media. Kik’s new cryptocurrency allows it to use an internationalized currency for many transactions, which is a revolutionizing step on their part.
Kik founder and CEO Ted Livingston said that “Kik believes that Kin can bring together a broad group of participants to create an open ecosystem of digital services that prioritizes consumer experience and choice”.
Kik aims to use Kin tokens as an incentive for its users and developers and the Kik team will use these coins to drive forth the network. And these coins will actually have monetary value and they will be offered rewards on the app. Developers can earn for creating content and also based on metrics that reward user engagement — such as time-spent within their app or service — to help focus on building things people actually like and use. Users can pay others for providing a live stream and companies could reward users with Kin in exchange for posting about them “or interacting with an experience”. Coins will also be offered for doing small tasks such as watching ads, or by interacting with chatbots created by brands and publishers.
The majority of Kin’s rewards are dedicated to content developers as the financial incentive and this is to ensure that they are compensated without relying on advertisements (unlike on YouTube, etc). The Kin’s algorithm will reflect each service provider’s contribution, and the Kin Rewards Engine will issue a daily reward to developers based on a measure of the Kin economy inside of each digital service. The more people use Kin, the more valuable the tokens will become, which means that daily rewards will also increase for the users.
Expanding the Ecosystem to Other Apps
Livingston says that they launched Kinit app to allow brands to pay for users’ attention, making it the first iPhone app globally to get approval by Apple for earning and spending crypto. Combined with Kik users, this development saw Kin get more active users compared to all other Ethereum dApps combined.
Frustrated with the Stellar’s alleged short-term inability to achieve “business scale,” the project shifted course once more in May, and developers announced that they would fork Stellar to launch an independent Kin blockchain, while retaining bidirectional support with Ethereum to capitalize on the latter’s ubiquity and liquidity.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Kin Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
KIN Price Prediction For The Next 90 Days
Below is a tabular overview of how will KIN develop in the short-term (for the next 90 days), according to our prediction model:
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Kin Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
KIN Price Prediction 2025
Our prediction model sees KIN reaching $ 0.0000 in 2025.
What will KIN be worth in 5 years?
The price of KIN in 5 years could lie around $ 0, according to CaptainAltcoin’s prediction model.
Kin Price Prediction 2030 – 2040
What Kin will be worth in 2030?
Our forecasting model sees Kin reaching $0 in 2030.
What Kin will be worth in 2040?
Our forecasting model sees Kin reaching $0 in 2040.
Will Kin replace / surpass / overtake Bitcoin?
No, Kin will not replace or overtake BTC.
How high will Kin go?
Our forecasting model sees Kin price crashing and dropping to near 0 in a distanced future.
Is Kin worth buying?
We do not see a bright future for Kin. It is worth buying only as a short-term speculation with a good exit strategy. Kin is not a good long-term hold.
Is Kin a good investment?
Kin is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Kin make you a millionaire?
No, Kin can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Kin be worth?
For the short-term future, it could reach $0.0000. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Kin succeed and go up in price?
Kin has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Kin to succeed and rise in price for the long-term.
What is the short-term prediction for Kin?
Kin will reach $0.0000 in the next 90 days, which is a 39.4% change over the current price which hovers around $0.0000.
Kin Price Prediction Today - What will be the price of Kin tomorrow?
Kin will hover around $0.0000 tomorrow.
KIN Long-term future
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will KIN be among those 5%?
Good probability of that happening.
The Kik company is very balanced in their approach to the 3 most important dimensions of every crypto project: technology development, forging business partnerships and community fostering.
KIN has one major advantage over all other cryptocurrency projects: its parent company KIK has a huge active user group already in place, which is a huge plus for the coin in terms of usage. There are several social media blockchain startups, but none of them have large user bases, or even a working product at this time.
If KIN and Kik manage to build an ecosystem that will combine a rare trait for a crypto project, great user experience on one side and meaningful use of cryptocurrencies on the other, that will be a huge step forward for the whole crypto industry.
While some of the motivation in creating this token was certainly financial, it does seek to work with the gamification aspect that comes with social media. KIN could certainly be on to something, but will need to be more aggressive in spreading to other apps beyond Kik to become extremely successful.
Why will KIN succeed?
So what can make KIN price rise and go up? Well, Kin is designed for the real end users of consumer apps making it one of the least dependent crypto projects on the bitcoin success or failure. Kik and its ecosystem of apps already have a solid user base and KIN fits perfectly for their digital native, young demographics.
Whether it be games, or surveys, or videos, or other tasks we haven’t come up with yet, people getting compensated for their time is what will make Kin a success.
Why will KIN fail?
Perhaps the biggest peril for KIN future is its regulatory status. They ran into trouble with the SEC, which has said most tokens issued in ICOs could be considered investment securities. The SEC isn’t accusing Kik of fraud, Kik CEO Ted Livingston told the Wall Street Journal. Rather, its enforcement division believes Kik failed to register the sale with the SEC and thus didn’t give investors the proper information. KIK decided to go in a legal battle with SEC on this one and the outcome will have a big impact, not only on KIN, but on a lot of other projects as well.
Can KIN reach 10 cents or $1?
Almost impossible. Considering the stupendous total supply of 10 trillion tokens, KIN would need to become a global reserve currency for it to reach this price per token. Much lower figures like 1 or 10 cents are a steep climb, $1 per token is borderline lunacy.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
Where were you getting these volume numbers? KIN has had aggregate trading volume of at least $100,000 per day and now consistently between $1M – $2M (Source https://coinmarketcap.com/currencies/kin/ ).
In addition, KIN is normally traded vs. ETH, so the “less than a satoshi” value has little to no relevance. KIN isn’t heavily traded vs. BTC, so a BTC rise wouldn’t have much effect on it. Conversely, a rise in ETH would buoy the ETH-denominated market at large. This is one of the reasons that it exploded during the rise of late 2017.
any new predictions on this coin now the SEC is over? much appreciated