KuCoin Token Spikes Over 15% on KCS Whitepaper Release: Why Could KCS See Liftoff?

Table of Content

• Introduction
• KuCoin Token (KCS): Explained
• KuCoin (KCS/USDT) Technical Outlook
• KuCoin Token Price Analysis - Daily Chart
• KuCoin Token Price Analysis - Weekly Chart
• Final Thoughts

Introduction

KuCoin's native token, KCS, is on a bullish run, trading above the $20 support level against the Tether (USDT). KCS must break through $22 to begin a new upward trend in the near term. The majority of the uptrend in KuCoin price is driven in conjunction by the release of the KCS whitepaper by the KCS Management Foundation and the KCC. It is a decentralized public chain created by the KuCoin fan community and KCS fan community.

Let's go over the key points of the KCS Whitepaper to see why the KuCoin Token is gaining popularity. In addition, we will reveal the most recent technical analysis and future prospects for the KuCoin Token price.

KuCoin Token (KCS): Explained

The KuCoin Token, abbreviated KCS, was first issued as an ERC-20 token on the Ethereum blockchain in 2017 and was migrated to KCC in 2021. KCS is also the KCC ecosystem's native token, with a total number of tokens in circulation of 200 million. Through measures such as repurchase and burning, the number will be reduced to 100 million.