KuCoin Price in USD_ KCS Live Price Chart & Ns - CoinGecko

The native token for the KuCoin cryptocurrency exchange, KCS, is bullish today. KCS has gained by more than 19% in the last 24 hours. At the time of writing, KCS was trading at $7.89, according to CoinGecko.

KuCoin price analysis

The global cryptocurrency market is bullish today after gaining 2.3% in the last 24 hours. Despite these gains, the market cap is still below $900 billion, indicating that most cryptos are yet to recover from the massive plunge over the weekend.

In the last 24 hours, KCS has been one of the biggest gainers. During this time, volatility has been high, as the coin has moved between $5.74 and $8.26. The KCS market cap has also recorded an uptick and currently sits at around $789 million.

KuCoin price analysis

KuCoin’s price chart shows a notable uptrend as traders rally to accumulate the token and leverage the recent gains. If the token continues, the resistance at $8.26 will be tested again before KCS breaks toward $8.75 and possibly $9.

The Relative Strength Index (RSI) at 61 proves that buying support is currently driving KCS gains. The token is yet to reach the overbought levels, indicating more room for gains.

On the other hand, the broader market is bearish. Most tokens have yet to recover the losses made over the weekend, which increases the chances of the current rally being exhausted, in which case KCS will find support at $7.60.

FTX failure could be a win for KuCoin

The recent bankruptcy of the FTX exchange might have a silver lining for exchanges such as KuCoin. After FTX’s collapse, the CEO of KuCoin, Johnny Lyu, came forward to assure users that the exchange would never misappropriate user funds, adding that the exchange would be fully transparent with users.

The collapse of FTX has dampened the faith of investors in exchanges. Centralized exchanges are now rushing to prove that they hold user funds. KuCoin has already announced that it will release Merkle proof-of-reserves in one month. The transparency in KuCoin could give it a competitive edge.

These will be the next cryptos to explode

Amid the recent happenings in the crypto space, investors are carefully looking for the next token to explode. Some of the tokens with a huge upside potential are Dash 2 Trade and Calvaria.

Dash 2 Trade is an Ethereum-based crypto signals platform. Its native D2T token has just confirmed listing on the BitMart exchange shortly after confirming another listing on LBank. This year’s events in the crypto market have crypto traders yearning for insights that will help them make informed investment decisions, which is why Dash 2 Trade could emerge as one of the best crypto initiatives. This presale has raised over $6.1 million in funding.

Calvaria is a brand new crypto games project. The project has been gaining traction since the presale started because it brings crypto and non-crypto gamers together. The RIA presale is nearing the completion of the fourth stage, and it has raised more than $1.7 million.

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