You may have heard of the New Kind of Network in the crypto market. The New Kind of Network, also abbreviated as NKN, is a crypto protocol for a network that users can use in the crypto market. NKN crypto is a decentralized network that users in the crypto market can use to connect or exchange data.
The goal of NKN crypto is to bring about a revolution that will make people around the world get to the internet differently and also start using the internet differently. With the help of low costs, NKN hopes to ensure that eventually almost everyone joins the network and that centralized internet providers will no longer exist.
In this article we are going to talk about NKN. WE discuss the use case and the way in which NKN is trying to revolutionize internet use. In this article we also look at the NKN crypto forecast, the NKN price forecast and we discuss the latest NKN news. What will the course of NKN do?
What is NKN?
As mentioned earlier in NKN, a decentralized network. Currently, the internet is limited and websites regularly experience problems due to centralized internet providers not offering enough bandwidth. NKN wants to solve this problem. By providing a decentralized network on which Internet users can rent or borrow bandwidth.
The New Kind of Network mainnet was launched in 2019 by Stephen Wolfram, among others. In order to maintain the network and to keep the broad bandwidth available, the NKN network has an enormous number of nodes. Where a crypto like Bitcoin has 10,000 nodes, the NKN network has more than 62,000.
If we look at the technology behind the NKN network, we see that the network has an open-source protocol that is very suitable for peer-2-peer decentralized networks. This means that users can easily connect to the network and that users can also easily exchange data via the protocol.
What does the NKN rate do?
In order to gather financial support for the construction and development of the NKN network, the makers of the network have held an initial coin offering. During this event, which ended on April 19, 2018, early investors were able to buy the NKN coin. A total of $12.6 million was raised during the token sale, selling 4,150 NKN for 1 Ethereum coin. The current rate of NKN is $ 0.097423.
If we look back at the first price data from NKN, we see that the coin has had a less good start in the crypto market. After the coin’s launch on the stock exchange on May 31, 2018, the price has seen a small spike before falling and stable at a low level for an extended period of time. Nevertheless, the race has managed to pick up again from 2021.
At the moment the all time high of NKN is at an NKN price of $ 1.44. This NKN price was reached on April 9, 2021. This means that it is currently 516 days since the NKN value has peaked. With a market cap of $ 63,088,049 the coin now ranks 351 in the list of largest cryptocurrencies worldwide.
As a trader, investor or user of NKN, it is important to keep an eye on the development of the NKN value over time. By regularly studying the price and price movements, you will be the first on the highest of fluctuations in the trend and you can also be the first to benefit from this. You can keep an eye on the price on the basis of the NKN price chart below.
What is the NKN forecast for 2022 – 2027?
Earlier in this article we already provided more information about the goals of the NKN project on the crypto market and the first price data of the crypto. Because the internet plays an increasingly important role in daily life in all kinds of sectors, it can be interesting to invest in NKN if the crypto knows how to grow with the demand and the demands on the market.
If we look at the NKN forecast for 2022, it is difficult to make a statement about this in the short term. This is because there are many factors that can influence the NKN value in the short term, such as the general market and the developments of the project itself.
However, if we look at the NKN price forecast for 2027, we can say something more. If the crypto project continues to grow and the wide range of bandwidth grows with the demand on the market, NKN could become worth a lot. And this prospect may make it interesting to invest in NKN for the next five years.
It is impossible to predict exactly how the NKN price will develop in the coming years. However, if the developments are positive and the demand for a new form of internet continues to grow, the price of the NKN currency can rise considerably. An earlier significant price increase took place at the beginning of 2021, when the price of NKN rose by no less than 2,906.4%!
When reading an NKN price prediction it is important to keep in mind that no one can predict the exact NKN value. That is why it is important to always do your own research into the price and to prepare your own NKN prediction instead of taking over one from an influencer or expert on the internet.
Historical Price for NKN
What is the use of the NKN coin?
If you have the NKN coin in your possession, you can use this coin on the NKN network. The coin can be used to pay for transactions and to exchange data with various sources that are also connected to the network. In addition, the coin can be used for trading or investing.
If you are going to invest, trade or invest in NKN, it is important that you keep a close eye on the scarcity of the currency. You can check the scarcity of the coin by comparing the current supply (650,000,000 NKN) with the maximum supply (1,000,000,000 NKN) of the NKN coin.
In view of the scarcity, it is also important to keep an eye on the fluctuations in the exchange rate of the NKN currency. For example, you can look at the price difference in the last 24 hours (5.59%) or the price difference of the last 7 days (-0.45%).
|Huidige supply||650,000,000 NKN||Maximale supply||1,000,000,000 NKN|
|% difference 24h||5.59%||% difference 7D||-0.45%|
Where to buy NKN?
You can buy the NKN coin on various online exchanges such as Bitvavo. Bitvavo is an online exchange platform that is already used by millions of crypto traders and investors worldwide. The platform is very reliable and easy to use, making it suitable for both novice and experienced traders.
Do you want to start investing in NKN? Create a free account on Bitvavo below and get started!
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The latest NKN news
In this article we have already provided information about various factors that influence the NKN price, such as the NKN forecast, the use case and specific properties of NKN. Finally, the latest NKN news is also important.
By keeping an eye on today’s NKN news, you will be the first to know about new developments. The NKN Twitter account is a good source.