There is no ignoring the incredible run that BNB has had over the past few months. Going from not even the top 35 Crypto to the 4th Largest Market cap, 3rd if you remove Tether. Well I was sort of short sighted and missed the boat. I bought BNB a long time ago at 10$ and sold around 30$, feeling pretty damn proud of myself for scoring that 300%. But it has eclipsed even my own wild expectations of the price. Well since then Binance has kicked me off. I am not bitter about it, I was using Binance illegally from the United States and they found out...whoops. I moved to Kucoin because they had cheap borrowing rates for Margin and a lot of different tokens available. Here is where I was introduced to KCS, which in effect functions no different than how the BNB token does in regards to lowering fees by 20%. Why KCS doesn't have a full blockchain infrastructure that BNB does it is an exchange token and I want a part of that hype. I wanted to find out what KCS might be worth if you took the relative volume of Binance as a metric against the relative volume of Kucoin and used that as a multiplier to find how much a single KCS would be worth.
Well I did some simple math on my calculator taking the different between average daily Binance Volume vs Kucoin which is about 46x as of the time of writing this. Dividend BNB by 46 as of the time of writing this and got about 5$, which lines up close to my fibs I just drew after the ATH. Its a simple extrapolation but I think there is a strong case to be made here. Kucoin isn't going way, its a lovely trading platform even if it doesn't have all the same coins and orderbook depth Binance has to offer. But they let me as an American come on it, and I have recommended it to other who have been displaced by the new more aggressive Binance rules. I think short term we can see KCS at 5$, anything about that is a bonus, the ATH is depending on where you look almost 4x that, but I simply have my sights set on a modest 5$. Let me know what you think.
-rustygee
Well I did some simple math on my calculator taking the different between average daily Binance Volume vs Kucoin which is about 46x as of the time of writing this. Dividend BNB by 46 as of the time of writing this and got about 5$, which lines up close to my fibs I just drew after the ATH. Its a simple extrapolation but I think there is a strong case to be made here. Kucoin isn't going way, its a lovely trading platform even if it doesn't have all the same coins and orderbook depth Binance has to offer. But they let me as an American come on it, and I have recommended it to other who have been displaced by the new more aggressive Binance rules. I think short term we can see KCS at 5$, anything about that is a bonus, the ATH is depending on where you look almost 4x that, but I simply have my sights set on a modest 5$. Let me know what you think.
-rustygee
Comment:
Holy cow, okay this literally might go to 8$ within next 8hrs of me writing this. Could potentially even hit 12.5 in the next 7 days if the tides and the winds align. Absolutely incredible.
Comment:
We got to 7$ briefly! But we hanging around the mid 4's I expect a move sometime soon, need a alt szn though to kick it off!
Also keep in mind KCS is only traded on one exchange, Kucoin. If KCS gets picked up by another exchange it can really help make a case for it to potentially push to 9$.