New Kind of Network (NKN) Price Prediction – 2023, 2025, 2030
New Kind of Network (NKN) Overview
|🪙 Cryptocurrency||New Kind of Network|
|💱 Ticker Symbol||NKN|
|💸 Market Cap||$79,678,438|
|🚀 Trading Volume||$8,766,866|
|📈 Price Change (24h)||5.97%|
|💰 Current Supply||754,831,362|
- Bullish New Kind of Network (NKN) price predictions range between $0.475011 and $0.897242 by 2030.
- Market analysts believe NKN could reach $0.369453 by 2025.
- Bearish New Kind of Network market price prediction for 2023 is $0.084446.
New Kind of Network (NKN) Introduction
Cryptocurrency has become an essential part of our payment ecosystem. We have seen how cryptocurrencies have grown in popularity recently because most people have been interested in them for a long time. The response from potential investors all over the world has been astounding. Although I believe most of you are already familiar with the sector’s fundamentals, I think it is best if we first discuss it briefly for those who have questions or need clarification.
The New Kind of Network (NKN) is an open-source protocol for peer-to-peer networks based on public blockchains that allow users to share network resources and internet connectivity. Stephen Wolfram and Whitfield Diffie are thought to have founded the platform in January 2018—roughly three years ago.
In contrast, the NKN mainnet launched in July 2019. Furthermore, the NKN platform has nearly 25,000 full consensus nodes, more than Ethereum and Bitcoin, which are much more widely used and older cryptocurrencies. Because of this, it has grown to have the most full consensus nodes of any blockchain network in the world.
This guide talks about what the price of NKN will be in 2022–2030 and how it is expected to grow based on technical analysis and price history.
What is New Kind of Network (NKN)?
NKN, or New Kind of Network, is an open-source system that enables peer-to-peer networks powered by public blockchains to share network resources and Internet connectivity. Whitfield Diffie, the creator of public-key cryptography, and Stephen Wolfram, the man behind Mathematica and Wolfram|Alpha, are among the project’s advisors. Currently, the NKN Mainnet, launched in July 2019, has up to 25,000 complete consensus nodes (more than Bitcoin or Ethereum).
In other words, the New Kind of Network (NKN) is a public blockchain that uses financial incentives to encourage internet users to share network connections and use idle bandwidth. In addition, NKN aspires to be a network for developing decentralized applications (DApps) while improving peer-to-peer data connectivity and transmission.
Furthermore, the platform’s native utility token, NKN, is used for various network-specific functions. Not only that, but D-chat, a secure messaging service, nShell (secure remote terminal access), Edge Computing (contract with China Mobile), and Content Delivery System are some of the main use cases for NKN (contract with Chinese video giant iQIYI). It is also common knowledge that NKN employs a public key-based global addressing method to enable direct peer-to-peer communication without centralized servers.
The protocol is said to provide a high level of transparency; it eliminates the need for centralized servers and all brokers from the equation, significantly reducing overall transaction complexity and cost. These are just a few of the benefits of the NKN platform.
Main Characteristics of NKN
- Since the NKN is decentralized, no centralized authority will attempt to control the measures.
- It employs a unique consensus technique called Major Vote Cellular Automata (MOCA), based on the Cellular Automata and Ising models.
- NKN is the world’s largest blockchain network, with over 113k nodes worldwide.
- The peer-to-peer cryptocurrency NKN allows for seamless money exchange (NKN).
How Does New Kind of Network (NKN) Work?
The NKN ecosystem comprises a revolutionary public blockchain and a novel peer-to-peer network connectivity protocol. Offering financial incentives encourages Internet users to share connections and use unused capacity. With the help of NKN’s open, effective, and robust networking infrastructure, application developers can create a decentralized Internet, ensuring that everyone has access to safe, affordable, and globally available connectivity.
NKN’s core technological innovations include dynamic topology and routing based on Chord DHT, an overlay over TCP/IP, the MOCA consensus algorithm for millions of equal nodes, a Signature Chain for secure and verifiable data transmission that serves as a valuable proof of work, and a relay and mining reward to encourage sharing and the creation of the new Internet.
The protocol is supposed to provide a high level of transparency, eliminate the need for centralized servers, and eliminate the need for any middlemen, significantly lowering the overall complexity and cost of transactions.
Since its inception, the New Kind of Network has proliferated. This is made possible by the platform’s incorporation of several distinct protocols, including a blockchain, a decentralized wallet, and data access mechanisms. According to reports, the network, which spans 71 countries and currently has over 73000 active nodes, is one of the largest in the world.
In the NKN ecosystem, three significant projects are currently underway. As an example:
It is a decentralized PaaS, or platform as a service.
It is more reliable and faster and provides low-cost messaging, streaming, and file-transfer services for human-to-human and machine-to-machine communication. Chat and instant messaging services, direct file transfers, Internet of Things (IoT) communication, remote server control, and live chat support services are just a few examples.
It provides a small SDK that supports iOS, Android, Go, and Java. The project is now freemium, making it available to all users and eliminating the need for the initiative to build and maintain its infrastructure.
Blockchain technology powers nMobile, a texting app. By keeping it on the device, secure chat protects user privacy. Every message is encrypted, and no data is stored in the cloud. English and Chinese are both supported. Each client communicates on the network with a unique ID generated randomly, ensuring complete anonymity.
In contrast to messaging apps like WhatsApp, the platform is open source. This means that it is accessible to all, but it also employs a real private key to encrypt user data, which is kept private from the general public.
This complete remote access solution tool adheres to the highest security and privacy standards. Users of the service can access their private and confidential information with a single click. Users can access it anytime, no matter where they are physical. Because the NKN network includes up to 30,000 servers spread across more than 40 countries, the tunneling nodes are always accessible.
Since it supports both TCP and UDP data transport, it is dependable and robust. By aggregating multiple concurrent pathways and achieving unprecedented levels of reliability, the net latency is reduced.
New Kind of Network (NKN) Current Price
New Kind of Network is currently worth $0.105558 USD. NKN has moved 5.97% in the last 24 hours with a trading volume of $8,766,866. New Kind of Network is currently ranked 293 amongst all cryptocurrencies with a market capitalization of $79,678,438 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for New Kind of Network (NKN) to decide wether it is going to have a bullish or bearish year.
New Kind of Network (NKN) Price Predictions
Are you looking for New Kind of Network price predictions for 2022, 2023, 2024, 2025, and 2030 and want to comprehend where NKN prices can go in the future? We’ll look at NKN (NKN) past prices and see what technical analysis suggests about the NKN price forecast.
The following NKN price predictions employ technical analysis and predictive algorithms to forecast future short-term and long-term prices. Moreover, the NKN (NKN) price predictions are solely based on technical analysis, and I will be using a series of technical indicators such as moving averages, trendlines, Fibonacci retracement, RSI, and MACD to determine the NKN price prediction.
Let’s first look at the NKN price prediction for 2022 to 2030.
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time New Kind of Network (NKN) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
New Kind of Network (NKN) Price Prediction 2023
New Kind of Network, according to some, is one of the most amazing cryptocurrencies to rise this year (NKN). The NKN price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.158337.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.147781 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. NKN is expected to have a minimum value of $0.12667.
New Kind of Network (NKN) Price Prediction 2024
In 2024, New Kind of Network NKN price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of NKN will soon surpass $0.263895. However, we should wait to see if the NKN’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, NKN will trade with a minimum trading price of $0.211116 and an average trading price of $0.232227.
New Kind of Network (NKN) Price Prediction 2025
If the upward trend continues until 2025, it could reach $0.369453 and NKN may profit. If the market experiences a decline, the goal may not be met. NKN is expected to trade at an average price of $0.337785 and a low of $0.316674 in 2025.
New Kind of Network (NKN) Price Prediction 2026
If New Kind of Network successfully boosts market sentiment among cryptocurrency enthusiasts, the NKN coin price could remain stable for the next five years.
According to our projections, NKN will be green in 2026. The NKN is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.475011, with a minimum price of $0.422232 and an average price of $0.443343.
New Kind of Network (NKN) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the NKN price is expected to cross an average price level of $0.548901 by 2027, with a minimum price of $0.52779 expected before the end of the year. Furthermore, NKN has a maximum price value of $0.580569.
New Kind of Network (NKN) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.654459. If NKN manages to break the resistant level in 2028, we could see a maximum price of $0.686127, failing to gather the support NKN needs by 2028 could result in a low of $0.633348.
New Kind of Network (NKN) Price Prediction 2029
While NKN is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.738906 and a yearly price close above $0.791684 in 2029.
New Kind of Network (NKN) Price Prediction 2030
By 2030, New Kind of Network will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.844463 and potentially reach a maximum price value of $0.897242, averaging out at $0.865575.
New Kind of Network (NKN) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum NKN price in 2031 is projected to be $1.03 in the event of a bull run, with an average price level of $0.992245.
New Kind of Network (NKN), which was created in the early stages of the technology that will replace Blockchain, has been a cornerstone of innovation and the development of decentralized apps. As a result, we may see NKN price increase in the number of investors it has and create new inventions through its network in the future.
NKN won two awards in 2018: the founder-friendly laboratories summer program and the Bell Labs open innovation challenge. NKN also received several other awards. The most recent version of NKN’s mainnet has just been released, and the platform now hosts a number of basic dApps. D-chat is one of the most popular programs created for the NKN network.
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What is the New Kind of Network (NKN) price today?
Today, New Kind of Network (NKN) is trading at $0.105558 with a total market capitalization of $79,678,438.
Is New Kind of Network a good investment?
New Kind of Network proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that NKN is a good choice of investment.
How high can New Kind of Network go?
The average price of New Kind of Network (NKN) can possibly reach $0.147781 this year. Over the next 5 years, it is projected that New Kind of Network may surpass $0.686127.
How much will New Kind of Network be worth in 5 years?
Based on the rising popularity of cryptocurrency and New Kind of Network, a long term investment in NKN could see the price rise to $0.686127 within the next 5 years.
How much will New Kind of Network be worth in 10 years?
If you invest in New Kind of Network today, as with any investment, a long term increase is expected. The price of NKN could possibly rise to $1.34 within the next 10 years.
What will the New Kind of Network price be in 2024?
New Kind of Network (NKN) price is expected to reach $0.263895 by 2024.
What will the New Kind of Network price be in 2025?
New Kind of Network (NKN) price is expected to reach $0.369453 by 2025.
What will the New Kind of Network price be in 2026?
New Kind of Network (NKN) price is expected to reach $0.475011 by 2026.
What will the New Kind of Network price be in 2027?
New Kind of Network (NKN) price is expected to reach $0.580569 by 2027.
What will the New Kind of Network price be in 2028?
New Kind of Network (NKN) price is expected to reach $0.686127 by 2028.
What will the New Kind of Network price be in 2029?
New Kind of Network (NKN) price is expected to reach $0.791684 by 2029.
What will the New Kind of Network price be in 2030?
New Kind of Network (NKN) price is expected to reach $0.897242 by 2030.
What will the New Kind of Network price be in 2031?
New Kind of Network (NKN) price is expected to reach $1.03 by 2031.