In this guide, we will express our own and the market’s views on the future of Kin token and offer Kin price forecasts for 2023 and beyond. Please remember that projecting the future of Kin token, a highly unpredictable financial asset such as Kin is a thankless effort.

Now let’s get started. Before we delve into Kin price prediction and answer questions like whether KIN is a good investment, why KIN will succeed or fail, or why it will rise or fall, let’s take a quick look at what KIN is and its historical performance.

KIN Intro

Token sales increased dramatically in 2017, and initial coin offerings (ICOs) are becoming increasingly popular to generate funds. Kik, on the other hand, is the first well-known mainstream firm to employ this funding strategy instead of traditional venture money. Kik’s ICO raised approximately $100 million, including funds from a private presale.

Kik has introduced Kin, its cryptocurrency that will act as the cornerstone for a decentralized network of digital services. Kik was motivated by Bitcoin’s recent success and thought it was the ideal moment to unveil their cryptocurrency as part of their efforts to combine blockchain with social media. Kik’s new cryptocurrency allows it to utilize an internationalized currency for many transactions, which is a game changer.

“Kik thinks that Kin can bring together a broad set of participants to establish an open ecosystem of digital services that value customer experience and choice,” said Kik founder and CEO Ted Livingston.

Kik intends to utilize Kin tokens as an incentive for its users and developers, and the Kik team wants to use these currencies to propel the network forward. And these coins will have monetary worth, and they will be rewarded on the app. Developers may earn money for providing content and metrics that cite user engagement — such as time spent within their app or service — to help them focus on building things people like and use. Users may pay others to provide a live broadcast, and businesses can give users Kin in exchange for writing about them or participating in an experience.

Coins will also be awarded for minor activities such as watching advertisements or engaging with chatbots developed by businesses and media.

Most of Kin’s incentives go to content producers as a financial incentive, ensuring they are rewarded without relying on adverts (unlike on YouTube, etc.). The Kin algorithm will reflect the contribution of each service provider, and the Kin Rewards Engine will award a daily payment to developers based on a measure of the Kin economy within each digital service. The more individuals who use Kin, the more valuable the tokens become, which implies that users’ daily benefits will also rise.

Expanding the Ecosystem to Other Apps

According to Livingston, they built the Kinit app to allow companies to pay for users’ attention, making it the first iPhone app in the world to be approved by Apple for earning and spending cryptocurrency. This development resulted in Kin having more active users than all other Ethereum dApps combined.

Frustrated with Stellar’s apparent failure to attain “enterprise scale,” developers declared in May that they would fork Stellar to build a separate Kin blockchain while maintaining bidirectional support with Ethereum to leverage on the latter’s ubiquity and liquidity.

Most ventures will fail – some firms are formed to raise funding and then leave, others are unable to compete, and the bulk is simply concepts that seem fine on paper but are useless in the market.

Fundamental Analysis

Fundamentally, the coin is designed to withstand the rigors of the current weak market. The KIN coin’s usefulness in a wide variety of applications (now 30, with 19 more in development) will continue to draw consumers to the cryptocurrency — not so much for investment as for utility. Furthermore, the Kin platform includes essential tools to assist developers in integrating KIN into apps. As a result, the forum is dedicated to higher levels of development, indicating that fundamentals will stay solid.

The worst thing that could happen to the Kin platform is for the SEC to rule that the the future of Kin token is a security and should be treated as such. Kin would have to register with the governing agency, which would be time-consuming and laborious.

Insiders at the company, like founder Ted Livingston, have claimed that cryptocurrency is just that — a currency. As a result, it would not be subject to the SEC’s jurisdiction, and the firm would not be required to register.

Technical Analysis

Since its inception in September 2017, the KIN coin has witnessed much of the shift that the cryptocurrency industry has seen.

The KIN token hit its highest price point in January 2018, reaching $.001306. The KIN market cap was $987 million at this pricing. The surge in investor interest was partly due to encouraging news that the firm was becoming increasingly sought after for inter-application currency usage.

However, as 2018 progressed, the price dropped, reaching current lows at around $.000025. The market valuation was reduced by 98 percent to $18 million. This appears to be quite bearish and would imply that the token is doomed to fail. However, the foundations and user presence give a reason for optimism.

Furthermore, the token’s price has not fallen below the current in a potentially optimistic indicator.000025 level since late November 2018, indicating that the currency may have reached a true bottom. If this support is maintained, it will give a solid foundation for positive growth.

The token rose somewhat in early 2019 but has since fallen back to late 2018 lows. Even while it is adverse for owners, it looks slightly positive — since support at current levels remains firm. The basics of the bitcoin user base and application integration most likely provide this support structure.

Kin Price Prediction 5 years

While KIN may no longer exist in 5 years, based on SEC regulatory filings, the coin has all the makings of a market winner. KIN is an excellent risk for investors looking for potential returns because of its user base, transaction volume, and application integration.

As a result, the future of Kin token is expected to become a cryptocurrency of choice, at least inside the applications that have already incorporated KIN services. Furthermore, the ongoing growth of the KIN ecosystem would result in even more users, leading to the increased investor and user engagement.

If these events materialize and the platform continues to develop at its present rate, the coin’s value might skyrocket.

KIN Long-term future

As a result, more than 95% of successful ICOs and cryptocurrency businesses will fail, leaving investors out of pocket. The remaining 5% of initiatives will become the crypto industry’s Apple, Google, or Alibaba. Will KIN be one of the 5%?

That has a good chance of happening.

The Kik company takes a balanced approach to any cryptocurrency project’s three most important aspects: technology development, business partnerships, and community building.

KIN has one significant edge over all other cryptocurrency projects: its parent firm KIK already has a large active user base, which is a tremendous positive for the coin in terms of utilization. There are various social media blockchain firms, but they have subcelestial user numbers or functional products.

Suppose KIN and Kik can create an environment that combines a rare quality for a crypto project, fantastic user experience on one side, and significant cryptocurrency use on the other. In that case, it will be a big step forward for the whole crypto sector.

While some of the motives for developing this coin were undoubtedly financial, it does strive to work with the gamification component of social networking. The future of kin token may be onto something, but in order to be really successful, it will need to be more active in extending to other applications outside Kik.

Conclusion: Is Kin a good investment?

Kin (KIN) is a cryptocurrency created by Kik, a social networking and chat company that can be used in various apps. The KIN coin can be used as an inter-application currency, allowing users to use multiple platform features. The cryptocurrency is currently used by over six million people, with over 200,000 daily transactions.
Well, it competes fiercely with other similar crypto projects, does not stand out with its technology and innovation, lacks a genuine community (excluding speculators and the hype-chasing crowd), and the team behind the project needs to be proven.