NKN Price Prediction: When Will It Hit $1?

(Last Updated On: August 9, 2022)

NKN can go as high as $0.2 in 1 year 

NKN will be worth $0.4 in 5 years

NKN will be worth $3 in 10 years 

In this article, we will cover the short, medium, and long-term price prediction of the NKN token, which appears to be on the cusp of breaking its bearish trend and pushing back toward its previous highs. 

The Overview of NKN

New Kind Of Network (NKN) is a super scalable blockchain platform with a very high level of decentralization that is operated using a proof-of-work (PoW) mechanism just like Ethereum (ETH) and Bitcoin (BTC)

NKN has embarked on the ambitious goal of building a new type of internet where the source code is truly open, and the community controls the direction of its evolution. 

All the nodes on the network are connected and pass information between each other using end-to-end encryption, all without reliance on a central authority. 

Not only has NKN provided the world with an alternative transaction system. It has also caught the attention of developers who have been launching dApps on the NKN smart contract compatible blockchain. 

The Overview of NKN

What Is NKN Crypto? 

The NKN token is used to pay for transactions, governance, and rewards for the PoW miners who keep the network online are also paid in NKN. 

NameNKN Coin
Ticker $NKN 
Launch Year 2018
Founders Yanbo Li
Market Cap$56,603,655
Circulating Supply 650,000,000
Total Supply 1,000,000,000
Trading Volume $5,443,404
All-Time High$1.44
(Data from CoinGecko: 13/05/2022)

NKN Projects

The most successful smart contract networks, such as Ethereum (ETH) and Cardano (ADA), are only as successful as the dApps they run. NKN is no different from the big names in crypto, and an ecosystem of dApps has flourished on the network. 

Surge Send: This dApp is a fully decentralized P2P file-sharing client that uses the NKN blockchain to send and receive files. 

Nconnect: This dApp allows users to remotely connect machines without using a centralized server or a public IP address using end-to-end encryption on the NKN network. 

NKN Tunnel: This dApp helps developers on the NKN network tunnel applications to the blockchain without using a central network while guaranteeing a high level of security. 

NKN Projects

Why Use NKN?

NKN is a highly open network with an impressive level of security and performance, making it a favorite among dApp developers and people who simply want to perform high-speed transactions. In addition, NKN has some particular use cases that relate to its ability to resist cyber-attacks that often damage other blockchains and centralized networks; they include:   

  • DoS Attacks: These online attacks are used to bring down networks and steal information due to NKN’s security, it is considered very resistant to DoS threats. 
  • Sybil Attacks: A Sybil attack is when a malicious node tries to manipulate the network, this is a threat to blockchains that don’t have the level of decentralization and security of NKN. 
  • Eclipse Attack: This form of attack is used by hackers to interfere with peer-to-peer communication; this form of attack is prevented by the NKN network using a node-neighbor sampling system. 
  • Double Spending: Nodes on the NKN network prevent double-spending attacks through a consensus mechanism. 

Now that we’ve looked at how NKN works, some of its dApps, and why it’s such a special project, we will dive into the NKN price predictions. 

NKN Technical Analysis

The cryptocurrency market has been extremely volatile in recent weeks. Still, there appears to be light at the end of the tunnel, and NKN has rebounded from lows more convincingly than most tokens. The experts are very optimistic about the future of NKN in both the short and long term. However, it’s crucial that you do your own research before investing. 

NKN Price Today: Real-time Chart

NKN Price Prediction 2022

NKN Price Prediction 2022

NKN started 2022 trading at $0.3, but the bearish trend affecting the whole market dragged its price down quickly. NKN was trading below $0.2 by the end of January, at which point the price temporarily stabilized before tumbling below $0.1.

As of writing (13th May), NKN has lost 47% in the last seven days, but the trend appears to be reversing; in the last 24 hours, it has gained nearly 20% and seems to be forming an upward trend. 

Analysts expect NKN to continue its recovery into the second half of 2022; conservative estimates expect it to trade around $0.1 by the end of the year, while more optimistic forecasts see it hitting $0.15

Price Prediction 2023

If the 2022 NKN recovery comes true, then analysts expect 2023 to be a year of slow but steady gains for the token with a maximum price target of just under $0.2 and a minimum target of $0.13. Therefore, NKN is likely to return 100% from its current price by the end of 2023. 

Price Prediction 2024

With the next Bitcoin halving scheduled for 2024, this will be a big year for the market, and analysts expect the same for NKN. The minimum price of NKN in 2024 is forecast to hit $0.15, with a maximum price potentially moving above $0.2. 

Price Prediction 2025

If you hold onto your NKN tokens into 2025, your portfolio could well be turning very green, with the token hitting a minimum $0.18 target and a maximum of $0.25. 

Price Prediction 2026

If dApps continue to be built on NKN and the network maintains its stability, then significant returns could be on the cards by 2026. Lower forecasts see the token hitting $0.3, and maximum targets range between $0.4 and $0.55. 

Price Prediction 2027

In 2027, NKN will continue making solid progress toward the $1 mark as its average price reaches $0.67 and it maxes out around $0.8. 

Price Prediction 2028

2028 will be when the chatter about NKN hitting $1 starts to feel increasingly realistic. According to analysts, the token’s maximum target will be just a couple of cents below $1 by the end of the year. 

Price Prediction 2029

If everything falls into place for the project, then 2029 will be the year NKN hits $1 and potentially even moves above $1.5. 

Price Prediction 2030

Holding NKN until the end of the decade will possibly reward you with massive gains as analysts expect the token to hit a minimum of $2 and a maximum of $2.3. 

Price Prediction 2031

The 2031 price target for NKN is around $3, with the maximum price expected to hit $3.5 and a yearly average of $3.1. 

Price Prediction Conclusion

NKN is a project that’s so far slipped under most people’s radars, which on the one hand, has kept its market capitalization down, but it also creates an opportunity for us to buy low. Analysts can see the potential of the technology behind NKN and expect it to outperform the market in the medium and long term, which is why you should consider adding it to your portfolio. 

NKN Price Prediction Conclusion

Frequently Asked Questions (FAQs)

How many NKN tokens are there in circulation?

According to CoinGecko, there are 650 million NKN tokens currently in circulation out of a maximum potential supply of 1 billion. 

Is NKN a good investment?

Most analysts expect NKN to be an excellent investment in the long term due to its high probability of hitting several all-time highs in the next few years. 

What is NKN price prediction 2030?

In 2030 NKN is forecast to trade above $2.

Where Buy NKN With Crypto With the lowest fees?

Swapping USDT or any other crypto for NKN through Swapzone is extremely easy and ensures that you pay minimal transaction fees by comparing 15+ exchange providers. Follow these simple steps to buy FLOKI with USDT: 

  1. Select the USDT for NKN exchange page.
  2. Enter the total amount of USDT you are going to exchange.
  3. Choose the best USDT to NKN swap offer.
  4. Click on the Exchange button.
  5. Enter your wallet address to receive NKN to your wallet.
  6. Send your USDT deposit to the generated address.
  7. Wait for your USDT-NKN swap to be done.

Congrats, your NKN is now in your wallet!

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