CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Kucoin price prediction: Will KCS pay dividends?

By Nicole Willing

Edited by Vanessa Kintu


Updated

The KuCoin logo on a green background
The KCS token gives holders discounts on the KuCoin exchange and access to dividends – Photo: Vladimir Kazakov /Shutterstock

Native tokens are playing a significant role on cryptocurrency exchanges, whether its ftx token (FTT) or huobi token (HT). The coins enable users to receive discounts on their trading fees and earn passive income bonuses for holding on to their native utility tokens. The value of these cryptocurrency tokens is expected to rise over time as usage of an exchange grows.

The kucoin token (KCS) saw a successful year in 2021, with KCS breaking price records throughout the year.

However, it is currently grappling with the bear market and was 66% down on its December 2021 high. This has led to some KCS price prediction divisions among forecasters, from the bullish TechNewsLeader to the bearish WalletInvestor.

What is KuCoin?

Based in Singapore, the KuCoin cryptocurrency exchange launched in September 2017.

KuCoin has more than 20 million global users and has reached an accumulated trading volume of more than $1trn across 946 million trades, according to its website.

While some exchanges have added a utility token at some point after their launch, KuCoin introduced the KCS token from the beginning.

KCS initially launched as an ERC-20 token on the Ethereum (ETH) blockchain, designed for profit sharing with KuCoin exchange users. Traders on the exchange can use the kucoin cryptocurrency to pay for their trading fees and receive a discount of up to 80%. 

KCS holders also receive a daily dividend that is allocated from 50% of the exchange’s daily revenue from trading fees.  

The KuCoin exchange was founded in 2013 by a group of executives including Michael Gan, now chairman of KuGroup, Eric Don, chief operating officer, and Johnny Lyu, now CEO of KuCoin Global. 

The KuCoin blockchain

While KuCoin had a token in place at launch, it was in 2021 that the exchange decided to launch its own blockchain. The KuCoin Community Chain (KCC) is a decentralised public blockchain built by the KuCoin community. 

The blockchain is compatible with the Ethereum Virtual Machine (EVM) and smart contracts. It aims to provide community users with faster speeds, lower costs and more convenience than the Ethereum blockchain.

KCS is the native token for KCC and serves as the fuel for transactions, according to the documentation. KCC launched its own KuCoin non-fungible token (NFT) marketplace last year on its KuSwap exchange and added auctions to the marketplace in February 2022.

Kucoin news and price history

KCS price history

Source: CoinMarketCap

After launching with an opening price of a little over $0.69 on 24 October 2017, KCS saw an initial surge at the beginning of 2018 along with the crypto bull market. However, it continued to follow wider trends as the industry crashed throughout the year.

By December 2018, it had dropped below its launch price. It then fluctuated around the $1 mark for the next three years. 

ETH/USD

3,344.71 Price
-4.060% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

SOL/USD

178.53 Price
+2.290% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

XRP/USD

0.62 Price
+3.030% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BTC/USD

65,626.85 Price
-0.260% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

The kucoin token price made strong gains in 2021 as cryptocurrency markets rallied and the adoption of coins and NFTs increased.

It saw a major breakout on 20 April and climbed to a high of $20.00. This followed the KuCoin chain going live, allowing KCS investors to upgrade their tokens. By a month later, this had fallen back to $7.07 on 23 May. 

KCS experienced a minor rally on 7 July where it peaked at $14.79. The KuCoin exchange launched an event the same day, where KCS stakers were eligible to earn from a 2.5 million 2CRZ [2crazy] token prize pool.

The kucoin token saw its largest breakout to date throughout October and November. The steady climb peaked at its all-time high of $28.80 on 1 December. The new price record followed a major burn of KCS the week prior.

The KCS crypto price plunged in January as the cryptocurrency markets turned bearish, trading down to a low of $13.53 on 22 January. But the price found support in February and moved back above $20 on 28 February to close at $20.73 on 1 March.

However, it was unable to sustain this level of support and the kucoin token price eventually continued to plummet. It crashed below the psychological $10 barrier in July. As of 26 August, it was trading at around $9.56 and was ranked 51st by CoinMarketCap.

Kucoin price prediction

At the time of writing, the kucoin token price predictions are divided. Some (TechNewsLeader) have predicted a new price record while other KCS/USD forecasts (from WalletInvestor, for instance) have suggested a bearish future for the token. 

TechNewsLeader said it could have topped $30.40 in a year and $96.91 in five years’ time. Its kucoin price prediction for 2030 suggested it could have achieved a maximum price of $423.70. 

Similarly, PricePrediction anticipated KCS to have averaged $12.64 this year. Its kucoin price prediction for 2025 said it could have reached $38.01 before it could have climbed to $234.44 in 2030.

Meanwhile, CaptainAltcoin’s kucoin price prediction for 2022 anticipated it to have pulled back to $6.15 in November. However, it suggested a gradual climb throughout the coming years and outlined that KCS could have gone on to $13.91 in 2025.

WalletInvestor was bearish with its KCS coin price prediction at the time of writing and said the token was a “bad” long-term investment. It estimated the cryptocurrency could have plunged below $1 in a year and stooped to $0.60. It anticipated it was going to have been fluctuating around $0.50 in five years’ time.

When considering a KCS crypto price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong. 

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose. 

With additional reporting by Nicole Willing

FAQs

Is kucoin a good investment?

The kucoin token was designed for users of the KuCoin cryptocurrency exchange. It offers numerous benefits including reduced fees and a daily dividend. But at the time of writing KCS has recently been bearish.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the KCS token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Will kucoin go up or down?

At the time of writing, some forecasters are divided over kucoin’s future. TechNewsLeader suggested it could have eventually passed the $400 mark, while WalletInvestor anticipated a plunge to $0.60 in a year.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the kucoin token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Should I invest in kucoin?

The KCS token has been struggling this year, along with the wider bear market. As of 26 August, it was down 66% from its all-time high of $28.80 in December 2021.

Whether you should invest in KCS is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up

 

Markets in this article

ETH/USD
Ethereum / USD
3344.71 USD
-141.56 -4.060%

Related topics

Rate this article

Related reading

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 630,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading