In this guide, we will express our and the market’s opinion on the future of KIN as we discuss the Kin price forecasts for 2022 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Kin.
Now, let’s get into it. Before we delve into Kin’s price prediction and answer questions about whether KIN is a good investment or not, why KIN will succeed or fail, or why the price of Kin will rise or fall, let’s quickly take a look at what KIN is and its history to date.
KIN Intro
Token sales exploded in 2017, and ICOs are becoming an increasingly popular way of fundraising. However, Kik is the first established mainstream company to use this financing model instead of traditional venture capital. Kik’s ICO raised nearly $100 million including contributions from a private presale.
Kik has included Kin, its own cryptocurrency that will serve as the basis for a decentralized ecosystem of digital services. Kik was inspired by Bitcoin’s recent success and decided it was the right time to announce their cryptocurrency as part of blockchain integration with social media. Kik’s new cryptocurrency allows you to use an internationalized currency for many transactions, which is a revolutionary step on their part.
Kik founder and CEO Ted Livingston said that “Kik believes Kin can bring together a large group of participants to create an open ecosystem of digital services that prioritizes consumer experience and choice.”
Kik aims to use Kin tokens as an incentive for its users and developers, and the Kik team will use these coins to advance the network. And these coins will actually have a monetary value and rewards will be offered on the app. Developers can earn money for content creation and also based on metrics that reward user engagement, such as time spent within their app or service, to help focus on creating things that people really enjoy and use. Users can pay others to provide a live stream, and companies could reward users with Kin in exchange for posting on them “or interacting with an experience.” Coins will also be offered to perform small tasks such as watching ads or interacting with chatbots created by brands and publishers.
Most of Kin’s awards are dedicated to content developers as a financial incentive and this is to ensure that they are compensated without relying on advertising (unlike YouTube, etc.). The Kin algorithm will reflect the contribution of each service provider, and the Kin Rewards Engine will issue a daily reward to developers based on a measure of the Kin economy within each digital service. The more people use Kin, the more valuable tokens will become, which means that daily rewards will also increase for users.
Expand the ecosystem to other apps
Livingston says it launched the Kinit app to allow brands to pay for users’ attention, making it the first iPhone app globally to gain approval from Apple to earn and spend cryptocurrencies. Combined with Kik users, this development has seen Kin get more active users than all other Ethereum dApps combined.
Frustrated by Stellar’s alleged short-term inability to reach “enterprise scale,” the project changed course once again in May, and developers announced that they would fork Stellar to launch an independent Kin blockchain, while maintaining bidirectional support with Ethereum to capitalize on the latter’s ubiquity and liquidity.
Most projects will fail: some startups are created only to raise money and disappear, some would not handle the competition, but most are just ideas that look good on paper, but are actually useless for the market.
Kin Price Forecast
The entire cryptocurrency world is on the verge of a real bear market. Bitcoin has tumbled 50% from its all-time high amid broader market declines influenced by furious inflation and US Fed rate hikes.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2022, especially in the second half of the year. This is reflected in our forecast for 2022.
Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Kin Price Prediction 2022
Most experts agree that this bear market will last at least for the first quarter of 2022 before we see some stabilization and small trend reversals.
KIN Price Prediction 2025
Our forecast model sees KIN reaching $0.0000 in 2025.
Kin Price Prediction 2030 – 2040
How much will Kin be worth in 2030?
Our forecasting model sees Kin reaching $0 in 2030.
How much will Kin be worth in 2040?
Our forecast model sees Kin reaching $0 in 2040.
Will Kin replace/surpass/surpass Bitcoin?
No, Kin will not replace or exceed BTC.
How high will Kin go?
Our prediction model sees the price of Kin fall and fall to almost 0 in the distant future.
Is Kin worth buying?
We don’t see a bright future for Kin. It is worth buying only as a short-term speculation with a good exit strategy. Kinship is not a good long-term hold.
Is Kin a good investment?
Kin is not a good investment in our opinion. Because? Well, it faces fierce competition from other similar crypto projects, it doesn’t stand out for its technology and innovation, it doesn’t have a real community (not counting speculators and the hype-chasing crowd), and the team behind the project isn’t proven.
Can Kin make you a millionaire?
No, Kin can’t make you a millionaire as we don’t see him doing a 10x price increase anytime in the future.
How much will Kin be worth?
For the short-term future, it could reach $0.0000. In the long term (8-10 years), it will most likely drop to 0 or so.
Why will Kin succeed and go up in price?
Kin has little chance of success. He has no first-time advantage, he doesn’t bring any unique value proposition, he has a weak team and a small community behind him. All this summarized prevents Kin from succeeding and increasing the price in the long term.
What is the short-term forecast for Kin?
Kin will reach $0.0000
over the next 90 days, which is a 41.8% change from the current price which hovers around $0.0000.
Kin Price Prediction Today – What will be the price of Kin tomorrow?
Kin will hover around $0.0000 tomorrow.
KIN Long-term future
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are many very bad ideas, and
there are many very, very bad ideas, and also some scams”
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will KIN be among that 5%?
Good chances of this happening.
The Kik company is very balanced in its approach to the 3 most important dimensions of any crypto project: technological development, creating business partnerships and promoting the community.
KIN has a big advantage over all other cryptocurrency projects: its parent company KIK already has a huge group of active users, which is a huge advantage for the coin in terms of use. There are several social media blockchain startups, but none of them have large user bases or even a working product right now.
If KIN and Kik can build an ecosystem that combines a rare trait for a crypto project, a great user experience on the one hand, and significant use of cryptocurrencies on the other, it will be a huge step forward for the entire crypto industry.
While some of the motivations in creating this token were certainly financial, try to work with the gamification aspect that comes with social media. KIN could certainly be on something, but it will have to be more aggressive in spreading to other apps besides Kik to be hugely successful.
Why will KIN succeed?
So what can make the price of KIN rise and up? Well, Kin is designed for true end users of consumer apps, making it one of the crypto projects least dependent on bitcoin’s success or failure. Kik and its app ecosystem already have a solid user base, and KIN is a perfect fit for their young digital natives.
Whether it’s games, polls, videos, or other tasks we haven’t invented yet, people getting compensated for their time is what will make Kin a success.
Why will KIN fail?
Perhaps the biggest danger to KIN’s future is its regulatory status. They had problems with the SEC, which said that most tokens issued in ICOs could be considered investment securities. The SEC is not accusing Kik of fraud, Kik CEO Ted Livingston told the Wall Street Journal. Rather, its enforcement division believes that Kik failed to register the sale with the SEC and therefore did not provide investors with adequate information. KIK has decided to engage in a legal battle with SEC over this and the outcome will have a big impact, not only on KIN, but also on many other projects.
Can KIN reach 10 cents or $1?
Almost impossible. Considering the stupendous total supply of 10 trillion tokens, KIN would have to become a global reserve currency to reach this price per token. Much lower figures like 1 or 10 cents are a steep climb, $1 per token is borderline madness.