KuCoin includes many additional features, but you have to think you want to use them. Margin trading, for example, allows you to use your position by borrowing money to get more cryptocurrency stocks. Only informed traders should use power because it increases the risk of cryptocurrencies, which are already a risky investment.
KuCoin has a mobile app that lets you use trade bots. Trading bots can buy and sell your cryptocurrency, so you don’t have to track the market. On the other hand, Crypto bots are not as advanced as Robo-advisors. Some, for example, have technological issues. Furthermore, it is not always evident how they invest your funds, and you must be familiar with bitcoin trading tactics.
An Overview of KCS:
KCS is KuCoin’s native token, created in 2017 as a utility token that allows traders to share in the exchange’s growth. The overall supply of KCS was set at 200 million, with repurchase and burn plan in place until only 100 million were left.
Where Can I Get KCS?
KuCoin is the largest market for KCS. KCS listed on exchanges, including KuCoin, MXC, AscendEX (previously Bitmax), and Probit, increasing its liquidity.
Should You Buy KCS Based on Price and Technical Analysis?
Starting at a low price of $0.34 in 2019, the KCS token skyrocketed in 2021, outperforming every primary CEX token, including the BNB held by Binance, the world’s largest cryptocurrency exchange. The graph below shows the gradual rise of kcs in March 2021, followed by a dramatic rise in April to 2500 percent. It felt like a result of the dump in May 2021, but all CEX showed similar behavior in that adverse market.
Should you purchase the KCS token now?
In our opinion, the KCS cryptocurrency is a good investment for two reasons. To begin with, the volume in KCS is increasing at an unprecedented rate, and the chart is rising horizontally, indicating that a breakout is imminent.
Note: It is important to keep in mind that this study is current, and readers should conduct their research before investing in the KCS coin.
Relative strength index:
The Relative Strength Index (RSI) is one of the most influential and well-respected indicators in the financial markets. When it comes to KCS, the fascinating aspect is that the RSI has never fallen below RSI 30, which is considered a shallow point for any crypto project. In May, the crypto market’s bear market brought it dangerously near to that level, but it quickly recovered. Not only did the RSI 30 mark remain unchanged, but the RSI chart also shows many KCS token breaks above the RSI 70, indicating a bullish run for the token. RSI is currently above 70, which explains why KCS continues to shatter its all-time high. Although crypto experts do not recommend entering at this time, an exception can be made, given the KCS token’s history of RSI consolidation (often) and breaking out of the RSI 70 level. Despite a drop from $25 to the $21 level, the RSI indicator signals are positive (not long ago).