Scanning the crypto market, we can see that KuCoin Shares (KCS) has recently touched the $3.64757 level. The circulating supply levels are presently 75730576 with a market capitalization of 276232577. Recent volume has been seen at 455298. Since the previous day’s settlement price, the currency has seen a change of -0.36%.
About KuCoin Shares (KCS):
Known as Kucoin Shares (Symbol: KCS) for short, the token issued by Kucoin Cryptocurrency Exchange Platform maintains a total issuance volume of 200 million. After buy-back disposal, it will be a constant of 100 million. As a decentralized cryptocurrency issued on the basis of Ethereum and also a standard ERC 20 token based on Ethereum blockchain, KCS supports all the Ethereum wallets. By August 2017, market value of the global cryptocurrencies has reached 0 billion; while the worldwide daily exchange volume has reached an astonishing billion. Other than Bitcoin, new cryptocurrencies with new technologies and features have been emerging vigorously in recent years. And their total value and exchange volume has gone over 50% of the global market. Currently, the daily exchange volume of each worldwide top 10 platform has already reached 0 million and maintained the prosperous development. Based on the calculation of 0.1% commission, the daily income of a vibrant platform shall reach 0,000. The founders of Kucoin Cryptocurrency Exchange Platform started in-depth research on blockchain technology early in 2011 and successfully built Kucoin’s technical architecture in 2013. With the reliable and extendable technical architecture in place, Kucoin team stepped into cryptocurrency exchange business confidently in 2017, serving the industry and users with superior services and flexible operation strategies.
Although cryptocurrencies have been growing in popularity, it remains to be seen whether businesses will adopt them as generally accepted payments for goods and services. The element of trust may play a large role in the wide scale adoption of digital currency. Users will not only need to trust the technology behind the specific coin, but they will have to trust that other people will share the same level of trust and continue to accept the crypto as a legitimate form of payment. As more and more cryptocurrencies are introduced, consumers and investors will have to examine the underlying function. Unlike Bitcoin, there are many alternate coins that serve specialized purposes.
Investors might be trying to figure out how to best navigate the crypto market. With so much uncertainty and volatility, it may be extremely hard to figure out the proper play. The rise of Bitcoin has helped thrust cryptocurrency into the limelight. Although there are plenty of widespread opinions about the future of digital currency, it may be difficult to come to a definite conclusion with the current state of the market. As more information becomes available and research is conducted, the crypto market may become a little more demystified in the near future.
Many cryptocurrencies will face some major hurdles in the upcoming months. There still seems to be a pervasive mindset of distrust among professionals and amateurs alike. High volatility and widespread value fluctuations can lead to second guessing among investors. Crypto market enthusiasts may see big potential, but others may be highly cautious. For the average investor, the degree of risk may be too high to comfortably risk hard earned capital. Investing in cryptocurrencies may involve a lot more research and examination. Crypto startups may be facing stiff competition as the market becomes more and more saturated.