my friends talking about future of these cryptos they told me that there is huge potential in these cryptos. what do you think about these cryptos?
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will KIN be among those 5%?
So what can make KIN price rise and go up? Well, Kin is designed for the real end users of consumer apps making it one of the least dependent crypto projects on the bitcoin success or failure. Kik and its ecosystem of apps already have a solid user base and KIN fits perfectly for their digital native, young demographics.
Whether it be games, or surveys, or videos, or other tasks we haven’t come up with yet, people getting compensated for their time is what will make Kin a success.
Perhaps the biggest peril for KIN future is its regulatory status. They ran into trouble with the SEC, which has said most tokens issued in ICOs could be considered investment securities. The SEC isn’t accusing Kik of fraud, Kik CEO Ted Livingston told the Wall Street Journal. Rather, its enforcement division believes Kik failed to register the sale with the SEC and thus didn’t give investors the proper information. KIK decided to go in a legal battle with SEC on this one and the outcome will have a big impact, not only on KIN, but on a lot of other projects as well.
Almost impossible. Considering the stupendous total supply of 10 trillion tokens, KIN would need to become a global reserve currency for it to reach this price per token. Much lower figures like 1 or 10 cents are a steep climb, $1 per token is borderline lunacy.