KNC Climbs 20% to Hit $2; Technicals Suggest Rally Towards $2.78
Kyber Network’s native token KNC appreciated enormously on Friday, with its price hitting $2 for the first time since May 2018. One analyst noted that KNC’s “bottom/accumulation pattern is now expanding with bullish market structure (higher highs, higher lows),” adding that the token now expects further expansion.
The token operates from the core of this year’s fastest emerging decentralized exchange, the Kyber Network. Reserve pools also use KNC as a stake to provide liquidity to the Kyber Network.