NKN, a new kind of project – an acronym for New Kind of Network – can be compared to Substratum and Ontology, two projects that are building decentralized applications and a decentralized internet solution. But a better perspective would be a triumvirate where NKN provides decentralized networking, Ethereum takes care of the decentralized computing, and Filecoin/IPFS does the hosting via decentralized storage.
If you are aware that one of the first applications built on NKN is a Smart home IoT, a Proof-of-Concept for what the team calls the “Airbnb of the Future,” a decentralized sharing economy, you’ll be interested to get into position for the next bull run.
In this article, we’ll explore the current NKN sentiment using in-depth technical indicators. Our analysis for NKN price prediction shows a profitable long-term trend for the NKN market.
Cryptocurrency | New Kind of Network |
Token | NKN |
Current NKN Price | $0.03575 (+2%) |
Market Cap | $28.17 M |
Trading Volume 24-h | $9,210,394.45 |
Circulating Supply | 788,056,190.69 NKN |
All-time High | $1.48 April 10, 2021 |
All-time Low | $0.006411, May 13, 2020 |
24-h High | $0.03676 |
24-h Low | $0.03367 |
Sentiment | Bearish |
50-Day SMA | $0.0326 |
200-Day SMA | $0.0670 |
Price Prediction | $0.0777 (116.72%) |
Fear & Greed Index | 15.89 (extreme fear) |
Green Days | 11/30 (37%) |
14-Day RSI | 45.83 |
TL;DR Breakdown
NKN price analysis for 24 May shows that the NKN maintains consolidation around the $0.0350 price level as both side traders struggle to validate a clear trend from that level.
NKN currently trades between its 50-day and 100-day Moving Averages, generally a bearish indicator. Moreover, the price consolidation does not inject confidence to buyers as most traders wait for a clear turn of trends before deciding. This can often lead to a bearish breakout accompanied by a free fall.
The MACD reflects the market sentiment and trades at -0.0007, suggesting volatile bearish momentum. The EMAs trade close to the mean level but move downwards with recent candles. Similarly, the RSI is trading below the mean position 47, suggesting room for a downward correction. The converging Bollinger Bands suggest that the price volatility may remain lo for the next few days.
The 4-hour charts also show the consolidation albeit with a slight increased volatility across the last 24-hours. However, the net movement remains low.
Currently, both the Relative Strength Indicator and MACD indicators collectively suggest a bearish sentiment for the asset in the short-to-medium time frame. Specifically, the RSI has been declining for over the last few hours. However, it has now surged toward 454 level but is still below the neutral level. The EMAs trade below the mean position, showing the negative market sentiment while the diverging Bollinger Bands indicate increased trading volatility.
Period | Value | Action |
---|---|---|
SMA 3 | $ 0.027858 | BUY |
SMA 5 | $ 0.031751 | BUY |
SMA 10 | $ 0.037686 | SELL |
SMA 21 | $ 0.039282 | SELL |
SMA 50 | $ 0.033824 | BUY |
SMA 100 | $ 0.042932 | SELL |
SMA 200 | $ 0.059725 | SELL |
Period | Value | Action |
---|---|---|
EMA 3 | $ 0.035557 | BUY |
EMA 5 | $ 0.03399 | BUY |
EMA 10 | $ 0.033206 | BUY |
EMA 21 | $ 0.036264 | BUY |
EMA 50 | $ 0.045064 | SELL |
EMA 100 | $ 0.056724 | SELL |
EMA 200 | $ 0.068902 | SELL |
The 4-hour price chart shows low volatility for NKN price over 30 day period, with the price oscillating between the $0.0320 and the $0.0440 levels. However, the asset is yet to make a clear breakthrough and the net movement remains low over the period. The current consolidation might be the platform to enable a breakthrough.
However, traders could expect a breakdown below the $0.0300 mark if market sentiment turns more bearish. If the bulls can make a breakout past $0.03860, then the price may be expected to cross past the $0.0440 mark, a level it has tested but failed to breach for quite a while now.
NKN distinguishes itself in the cryptocurrency space by focusing on decentralized networking and communication infrastructure. It aims to revolutionize how data is transmitted over the internet by creating a more secure, efficient, and open network powered by blockchain technology. With its innovative approach to peer-to-peer networking and growing demand for decentralized services, NKN has strong potential for long-term growth, which is reflected in various long term forecasts . Its real-world applications in IoT, edge computing, and decentralized web services make it an attractive option for investors looking to diversify into promising blockchain projects.
The drop from its recent high near $0.04 to around $0.035 can be attributed to trader exhaustion due to high volatility and decreasing trade volume.
Despite a recent downturn that saw NKN fall from near $0.12 to around $0.075, analysts remain cautiously optimistic. Market corrections are common in the crypto space, especially during bearish cycles. Given NKN’s solid fundamentals and active development team, many believe the project is well-positioned to rebound, leading some to consider whether to buy nkn. Most forecasts suggest that with improved market sentiment and continued adoption, NKN could potentially end the year between $0.10 and $0.15.
Yes, analysts discuss the nkn prediction, projecting that NKN could reach the $0.10 price target as early as 2026, assuming consistent development progress, increased adoption of its decentralized networking solutions, and favorable future results.
Many long-term projections indicate that NKN could surpass the $0.20 mark by the end of 2030, especially if global demand for decentralized networks continues to grow and the project maintains its current development trajectory.
NKN has a promising long-term outlook, presenting a bullish scenario due to its unique use cases in decentralized networking, strong developer community, and increasing relevance in a world moving toward decentralized infrastructure. As concerns around data privacy and centralized control of the internet rise, NKN’s vision of a democratized network becomes even more relevant—making it a compelling candidate for long-term investment.
Binance to potentially delist NKN crypto as it adds the token to monitoring tag list, along with nine other crypto assets.
The NKN price prediction for May 2025 suggests a minimum value of $0.0342 and an average price of $0.0412. The price could reach a maximum of $0.0570 during the month, reflecting the broader category of digital assets and the utilization of network resources .
Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
May | $0.0342 | $0.0412 | $0.0570 |
The NKN price prediction for 2025 anticipates a potential increase in the price of NKN upon adoption, resulting in a maximum price of $0.0900. Based on the analysis, investors can expect an average price of $0.0850, while the minimum price could be around $0.0368.
Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
2025 | 0.0368 | 0.0850 | 0.0900 |
Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
2026 | 0.0884 | 0.10 | 0.11 |
2027 | 0.12 | 0.14 | 0.15 |
2028 | 0.16 | 0.18 | 0.19 |
2029 | 0.16 | 0.18 | 0.19 |
2030 | 0.20 | 0.21 | 0.22 |
2031 | 0.28 | 0.29 | 0.31 |
Our NKN price prediction for 2026 is a maximum of $0.11. The minimum price the coin will have by the end of 2026 will be $0.0884, while its average price is expected to be $0.10.
Our NKN token forecast for 2027 is a maximum price of $0.15 with a minimum price of $0.12. We also expect NKN’s price to reach an average trading price of $0.14, which will be supported by some bullish oscillator trends.
Our NKN coin price prediction for 2028 is a maximum price of $0.19. The minimum price of the coin by 2028 is expected to be $0.16, and the average trading price of the coin is forecasted to be $0.18.
Our NKN price prediction for 2029 is a maximum price of $0.19 with an average trading price of $0.18. The coin is expected to have the lowest price at $0.16.
Our NKN cryptocurrency prediction for 2030 is a maximum price of $0.22; the coin’s lowest price is $0.20. The average price of the coin is expected to be $0.21.
Our NKN price prediction for 2031 is a maximum trading price of $0.31, with an average trading price of $0.29. The minimum price of the coin is expected to be $0.28.
Cryptopolitan’s NKN price forecast suggests a bullish outlook for NKN’s future price should the market recover soon. According to our expert analysis on market capitalization, influenced by investors sentiment, NKN might record a maximum price of $0.0900, a minimum price of $0.0368, and an average price of $0.0850 at the end of 2025.