Kin Price Prediction & Forecast
Thinking of investing in Kin in February 2019? Here is our honest price prediction and forecast.
- Fundamental Analysis
- Technical Analysis
- Specialists’ Perspective
- Kin Price Prediction 2019
- Kin Price Prediction 2020
- Kin Price Prediction 5 years
- Our Prediction
Kin (KIN) is a cryptocurrency designed by Kik, a social networking and chat company, that is useable within a wide variety of applications. The KIN coin is useable as an inter-application currency, allowing users to take advantage of various platform features. The cryptocurrency is currently in use by more than six million users with more than 200,000 daily transactions.
Kik already had a relatively-large platform base in terms of the number of users. When Kik introduced the app-specific cryptocurrency — the KIN — into its app, the coin inherited that user-base almost instantly.
A host of other applications also integrated the coin, driving KIN into the top ten of most used cryptocurrencies globally. However, the traction gained during 2018 was quickly lost as the company has come under substantial scrutiny by the Securities and Exchange Commission (SEC) in recent months.
Given the host of negative attention from the SEC, we at BeInCrypto would be surprised to see a substantial movement of funds into the cryptocurrency in the short term. By the same token, users of the Kik platform and other applications will continue to provide market traction for KIN.We at BeInCrypto expect the price of KIN to remain stable at or around $.000025 by the end of 2019, before beginning its recovery in the first half of 2020. Click To Tweet
From a fundamental perspective, the coin is built to stand the tests of the current bear market. The usability of the KIN coin on a large number of applications (currently 30, with 19 more in development) will continue to drive users to the cryptocurrency — not so much for investment purposes but for utility. Additionally, the Kin platform also provides useful tools to help developers integrate KIN into applications. The platform is therefore committed to greater levels of development, a sure sign that fundamentals will remain stable.
The worst thing that could happen to the Kin platform would be a ruling by the SEC that the KIN coin is, in fact, a security, and should be treated as such. This would require Kin to register with the regulatory body — a lengthy and painstaking process.
Company insiders, like founder Ted Livingston, have argued that the cryptocurrency is just that — a currency. As such, it would not fall under the purview of the SEC’s authority, meaning that the company would not have to register.
In the final analysis, the future of Kin is tied almost inextricably to the SEC decision. While the company does enjoy a user base outside the US, much of the investment has come from American buyers. A negative ruling by the SEC would essentially end the company’s hopes of gaining American funds.
First generated in Sep 2017, the KIN coin has followed much of the change that the entire cryptocurrency market has seen.
The peak price point of the KIN token occurred Jan 2018 when the token reached $.001306. At this price, the KIN market cap was $987 million. The flurry of investor participation was largely due to positive news that the company had been increasingly sought after for inter-application currency usage.
However, as 2018 unfolded, the price plummeted — dropping to current lows at or below the $.000025 price point. This left the market cap at just $18 million, a drop of 98 percent. This seems remarkably bearish and would indicate that the token is probably destined for failure. However, the fundamentals and user presence leave room for hope.
Additionally, in a potentially bullish sign, the price of the token has not dropped below the current .000025 price point since late Nov. 2018 — indicating that the coin may have found a legitimate bottom. If this support remains intact, it will provide a legitimate base for positive growth.
The token saw a slight uptick early in 2019 but has come back to the lows of late 2018. Again, though unfavorable for owners, it appears somewhat bullish — as the support at these levels remains strong. The fundamentals of the cryptocurrency user base and application integration likely provide this support structure.
The KIN cryptocurrency was initially an investor favorite. The backing of a sizable existing non-blockchain platform in Kik meant that investors had a reasonable track record of success to bank on.
Despite this, the community hype quickly dissipated during the crypto-winter of 2018. The coin saw massive retreats in price, even as applications and integrations were being developed. The overall community continued to grow, but news has not been substantially positive — leading to an overall instability in the coin price.
InvestingPR, a site focused on market interactions in the cryptocurrency space, tells us that they see a potential uptick in prices in both near and far term. The basis for the prediction is associated with the number of in-built users that the platform enjoys. It suggests a price as high as $.00015 by the end of 2019.
WalletInvestor, a site focused on making price predictions, has forecast a substantially lower price point before the end of 2019. Given the SEC investigation, the site suggests that KIN will drop to $.000001 before beginning to climb into the future.
One of the most bullish KIN predictions comes from TradingBeasts, a site focused on cryptocurrency trading. Its suggestion is that the coin could reach as high as $.02 over the next five years — an increase of over 47,000 percent.
Kin Price Prediction 2019
It appears likely that the coin will remain stable at or around the current price point of $.000024. While there is a lot of negative news in the marketplace, there is, at the same time, a positive perspective on the coin — with the substantial user base that already exists. This will provide lasting stability to the coin price for investors in the near term.
Of course, should the SEC determine that the KIN coin is, in fact, a security, there will be a substantial drop in the value of the coin. This would potentially result in the closure of the cryptocurrency. While Kik does maintain a substantial user base, such news might cause the company to sever the KIN token entirely — leaving it unsupported.
However, barring such negative news, the coin will likely remain stable until such time as the SEC makes a final evaluation. The combination of negative news with positive fundamentals means that the coin is both stable and price-bound.
Should the SEC ruling be that the KIN coin is a currency, and therefore not subject to the regulatory control of the commission, the price of the coin will likely respond favorably. There could be a substantial increase in price, with highs touching the previous support levels of $.00017 from the summer of 2018.
Kin Price Prediction 2020
By 2020, the SEC will likely have made a decision on the KIN coin, as well as solidified many of its rules regarding the cryptocurrency market generally. A positive outcome of these rule changes could result in a substantial upside for the KIN coin.
Additionally, while the platform waits for these decisions to be finalized, a number of applications are continuing to be developed with KIN integration. As the user base continues to grow for the KIN coin, the fundamentals for the cryptocurrency continue to stabilize.
With more than 200,000 daily transactions and a user base north of six million, increased usage would be substantially bullish. Plus, the increased demand for chat applications and social networking services will continue to bring users to the Kik platform. From there, integration into other applications will likely be seamless.
Should all of these bullish events occur, the coin could likely see dramatic growth. We at BeInCrypto believe that the positive bullish prediction in 2020 would be in the neighborhood of previous highs at $.001. Of course, should the SEC rule negatively, that price could be as low as $0.
Kin Price Prediction 5 years
While it is entirely plausible that KIN will no longer exist in 5 years, depending on the SEC regulatory filings, it is nonetheless true that the coin has all the makings of a market winner. The user base, transaction volume, and application integration make KIN a good risk for investors seeking future gains.
For this reason, it is likely that the KIN coin could become a cryptocurrency of choice, at least within the applications that currently have integrated KIN services. Additionally, the continued expansion of the KIN ecosystem would produce even greater numbers of users — leading to increased investor and user participation.
Should these events occur, and should the platform continue to grow at current rates, the coin could potentially explode in value. At that level, a conservative estimate would put the coin at $.01 or more.
However, as with all investments, negative news could always be waiting in the wings. Again, a stiff ruling from the SEC regarding KIN’s regulatory compliance rules would likely leave the coin either at or below current rates, or completely valueless.
BeInCrypto prides itself on realistic forecasts based on real data rather than fantastical, imaginative and biased predictions or excessive speculation. Because of this, we forecast Kin (KIN) pricing to remain substantially stable through 2019, at or near the current $.000024.
Given the underlying fundamentals, should the SEC ruling be favorable, we see a dramatic shift upward in the KIN coin — with prices as high as $.00017 by 2020. This price point would continue to rise going forward, as application integration would increase dramatically with positive news.
Again, should this occur through the course of 2020, the five-year price prediction would likely be at least $.01 and could be dramatically higher.
Should the SEC ruling prove negative, however, the future of the coin could be in jeopardy.
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Nevertheless, investors should always do their own research and tread lightly before investing in cryptocurrency. All cryptocurrencies, including Bitcoin (BTC), are extremely volatile. Never invest more than you can afford to lose, and be prepared to lose everything.
What do you think of our price prediction for Kin (KIN) in 2019? Think the SEC will rule positively for the cryptocurrency? Let us know your thoughts in the comments below!
Images courtesy of Shutterstock, CoinMarketCap.
Disclaimer: The contents of this article are not intended as financial advice, and should not be taken as such. BeInCrypto and the author are not responsible for any financial gains or losses made after reading this article. Readers are always encouraged to do their own research before investing in cryptocurrency, as the market is particularly volatile.