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The Kyber Network Crystal coin has been rallying since 6th April. It had slightly pulled back between 8th and 9th April before surging to its new all-time high (ATH) of $4.45.
At the time of writing, the price of $KNC had slightly pulled back from its ATH though it was still green.
To help those investors and traders who are interested in Kyber Network Crystal, Invezz has created a brief article to help with identifying the best places to buy it while also explaining g what it is.
To find out more, please continue reading.
Best places to buy KNC coin
As KNC is such a new asset, it's yet to be listed on major exchanges. You can still purchase KNC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy KNC right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and 'connect' your wallet to it.
4. You can now swap your ETH for KNC
Now that you're connected, you'll be able to swap for 100s of coins including KNC.
What is KNC coin?
The KNC coin, which is also referred to as the Kyber Network Crystal coin, is the native token of the Kyber Network blockchain.
In a nutshell, the Kyber Network blockchain is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). Its main objective is to enable DeFi DApps, decentralized exchanges (DEXs) users to easily access liquidity pools that provide the best rates.
All transactions on Kyber Network are on-chain, meaning they can be verified using any Ethereum block explorer.
Blockchain developers can build blockchain projects on top of Kyber Network to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.
Besides using the KNC token as a utility token within the Kyber Network, KNC holders can also stake the token in the KyberDAO and contribute to governing the Kyber Network platform.
Should I buy KNC today?
If you want to invest in a cryptocurrency that has been rising since the beginning of April, then the KNC coin could be a good choice.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Kyber Network Crystal price prediction
According to a majority of cryptoanalysts, the price of the Kyber Network Crystal coin is expected to continue rallying as DeFi continues to take center stage within the crypto industry. The majority believe the coin could easily hit $5 before the end of this month.
$KNC on social media
tickertimemchne: If you invested $1500 in $knc (Kyber Network Crystal) 2 months ago, it would be worth $3334.05 today. #tickertimemachine
— Hodl & Shill (@hodlandshill) April 11, 2022
#KNC is going up when #BTC and all others are going down!
It's happend many times in the last 4 weeks!#KyberNetwork is doing good!!#KyberNetworkCrystal#cryptocurrency
— Arman Tarighi (@Arman_tarighi) April 10, 2022
The post Kyber Network Crystal coin sets new ATH at $4.45: here’s where to buy KNC coin appeared first on Invezz.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.