Possible future paths for Kin compared to other Cryptocurrencies

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The universality and deflationary nature of the Kin token are likely it’s most promising qualities. Launched in September 2017, this digital currency is fast becoming one of the most popular in and out of the typical cryptocurrency scene, as was before know. Kin prices lots of characteristics with other cryptocurrencies. An example is the growth potentials it exhibits with Bitcoin ahead of other cryptocurrencies.

Where are Kin prices now?

The Kin ICO price of $0.00011 has observed a decline and is now at about $0.00000539. It is being traded most actively by Mercatox. The market cap is $1,673,324, while the 24-hour trading volume is approximately $29,190. By the market cap, it was ranked number 549 as of 3rd March 2020. 

What will Kin prices look like in the nearest future?

Kin token units fixed at 10 trillion overall units infers fixed maximum possible supply of Kin tokens. This kind of system is what we refer to as deflationary. Presently, the market system witnesses disbursement of only about 3 trillion tokens. The remaining 6 trillion will be released overtime by a Kin Rewards Engine. This technique will help keep the Kin cryptocurrency price stable at the best market value. However, as more people hear about the versatility of this cryptocurrency and kin price predictions, more people will buy Kin tokens. Analysts have pointed out that the kin prices will inevitably rise in the long run and that a total loss is not a likely scenario. 

The Kin Rewards Engine releases Kin tokens to users and app developers as more users spend an increasing duration of time on the apps they have created. Being regular in the app community qualifies a user for Kin token rewards, which means that the token released controlled by the number of apps that use Kin and the activity of users on these apps. This measure was in place to prevent inflation that would occur if the supply of tokens greatly outweighed the buyers and sellers. Gross loss in values of the kin token may occur regardless of increased token prices.  

Where is Kin going?

Though this cryptocurrency, unlike Bitcoin, has stemmed from a given organization and is usually spoken of in connection to the Kik messaging app, there is no saying how far it will go in the coming years. The Kin token developed as universal digital currencies, which will find use on a lot of platforms. Presently, they are already in use on some apps like Pause For, Blaschat, Kinit, Perfect 365, etc. These apps range from messaging apps to social goals apps. Expectations are high that this list will only grow longer in the years to come.