Kucoin Token (KCS), also known as Kucoin Share is a Token introduced by Kucoin Exchange - Kucoin.com
From my perspective, this coin is currently undervalued as it has many advantages compared to other cryptos.
Fundamental reviews
Strengths:
-Kucoin Bonus - a bonus scheme from Kucoin for KCS holder. Kucoin will spend 50% of the exchange daily revenue to buy KCS and payout to holders at 00:00 (GMT+0). KCS to me is like a Stock of Kucoin exchange which payout dividend for investors, not just a coin. The current payout rate is about 25% / year - much higher than any other stock. The normal dividend rate of any stock is only about 5-10% per year, so from an investor perspective, this coin should increase by 100% to have the correct value.
-Kucoin quarterly buyback and burnt - Kucoin will buy back KCS from the market and burn the coin every quarter, the next burn will happen by 25/02/2021 for the value of over 600,000 USD.
-KCS is going to get listed to 5 additional exchangers in 2021, which can help to increase the price of this coin.
Risks:
-Currently, KCS is ranked 141 at the time I'm writing this review on Coinmarketcap, the trading volume for this coin is pretty low even though this is a native token of an exchanger.
-KCS just increased price by more than 200%, which means there is a high chance that the token needs a consolidation period.
-Kucoin Exchange got hacked last year, but they have recovered all the funds and all the client gets their money back from Kucoin.
Technical analysis:
-Kucoin just broke through resistance at 1.4 & 2.3, and reach the new resistance at 3.0 USD. If the support at 2.2 can hold, there is a high chance that Kucoin can break through 3.0 and reach the next resistance at 4.5.
Recommended Trading Strategy:
-Buy at 2.2-2.3 USD, stop loss at your own risk preference (I put mine at 1,9988 )
-Take profit price: 2.98 - 4.55 - 6.15
Please add my code for signup if you want to get some KCS on kucoin: 2Qfecwv
Thank you