NKN Price Prediction: Is NKN Crypto a Good Investment?

June 30, 2022

Price Prediction

Amrit Korpal

The world of crypto keeps developing, and more and more fascinating crypto projects keep popping up on the market. One of them is NKN Network or New Kind of Network, an open-source, peer-to-peer platform that allows users to share a network connection and bandwidth in exchange for rewards paid in the network’s own tokens, NKN. Read more about NKN price prediction 2030 in the new StealthEX article.

In its essence, NKN is a new type of P2P protocol for network connectivity and ecosystems, based on a public blockchain, and it utilizes a Content Delivery Network (CDN). CDN is not an entirely new concept, however, coupled with a decentralized platform, NKN Network opens new horizons in Internet development.

NKN Crypto Features

• Easy to Use: NKN makes it easy for everybody to use and utilize the brand new services. The network’s code is available in many programming languages so it’s easy to adopt for every developer.
• Optimized routing: The NKN network always finds the most optimal route to it’s destination. Using its own ‘proximity routing’ algorithm, data is always taking the fastest possible relayers.
• Private and secure delivery: NKN works without the direct use of an IP address. Data is stored only in the local device, and this guarantees protection of privacy and security.

What Is NKN Coin Price Prediction 2030?

TradingBeasts NKN Crypto Price Prediction 2025

TradingBeasts are moderately optimistic about NKN crypto. The analysts at TradingBeasts believe that by the beginning of January 2025 the average NKN coin price will be equivalent to $0.1774217 (+112.2%), while by the end of the year 2025 its price will be around $0.2065049 (+147%).

DigitalCoinPrice NKN Coin Price Prediction 2030

DigitalCoinPrice believes that by the end of 2030, the minimum NKN crypto price may be equivalent to $0.37 per coin (+342.6%), while at its maximum it will reach $0.39 (+366%).

TechNewsLeader NKN Price Prediction

While DigitalCoinPrice experts predict that NKN token will rise in value to $0.37 only by 2030, some sources, for instance, TechNewsLeader, believe that NKN cryptocurrency will reach this level in 2025, and it will go even higher by 2030 – by that time, its price will skyrocket to $2.44 (+2,819%).

Long-term forecasts for NKN price vary. For instance, Cryptocurrencypriceprediction believes that NKN may reach $3.81 in 2030, while GovCapital uses a custom algorithm based on deep learning, which should help users decide whether NKN (NKN) might be a good portfolio addition in the future. According to their website, the future NKN price prediction for July 2027, in five years from now, is $2.67375 (+3,098%). 

NKN Coin Price Chart

Source: CoinMarketCap, 30 June 2022

NKN Price Technical Analysis

Source: TradingView. Data was taken on June 30, 2022

NKN Cryptocurrency: The New Kind of Network

In its white paper, the network’s creators state that ‘NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage.’

In order for the system to be able to dynamically scale, the NKN platform enables users to run nodes by downloading the NKN program on their devices. Once the program is downloaded, users can mine, or earn, NKN tokens by running a program node and participating in the network. NKN uses a Proof-of-Relay (PoR) mining algorithm to randomly select a small number of fixed data packets as ‘proof’ before sending that data to other nodes for payments and rewards.

Proof of Relay Mechanism

This way, NKN proposes an alternative to the current PoW by providing a more decentralized, dynamically evolving, self-organizing and self-evolving network infrastructure and designing a whole new set of consensus mechanisms. The novel PoW does not result in a waste of resources. Instead, it is a peer-to-peer sharing mechanism at blockchain level. NKN uses Proof of Relay mechanism to guarantee network connectivity and data transmission capacity. 

PoR is used for both token mining and transaction verification. On the one hand, the token will be rewarded to nodes for data transmission; on the other hand, the expected reward for transaction verification may also depend on PoR, either through election or difficulty adjustment.

In order to gain access to the network, network users pay NKN to the network for the bandwidth they use. The fees are then received by the node operators, or miners, and those can sell their NKN tokens through exchanges to future network users.

Cellular Automata

NKN utilizes microscopic rules based on Cellular Automata to define network topology, achieves self-evolution behaviors, and explores Cellular Automata driven consensus, which is fundamentally different from existing blockchain network layers.

Cellular Automata (CA) is a state machine with a collection of nodes, each changing its state following a local rule that only depends on its neighbors. Each node only has a few neighbor nodes. Propagating through local interactions, local states will eventually affect the global behavior of CA. The desired openness of the network is determined by the homogeneity of Cellular Automata where all nodes are identical, forming a fully decentralized P2P (peer-to-peer) network.

Each node in the NKN network is constantly updating based on its current state as well as the states of neighbors. The neighbors of each node are also dynamically changing so that the network topology is also dynamic without changing its underlying infrastructure and protocols. NKN utilizes CA to achieve efficient, decentralized, and dynamical topology such that information and data can be transmitted efficiently.

NKN Projects

Today, NKN powers several projects using this decentralized network technology. For example, the platform offers nMobile, a decentralized messaging service that uses the NKN network to create an encrypted, private messaging system. nMobile uses the NKN blockchain network for all communications. nMobile is open sourced and therefore free for everyone to explore and improve and offers the following features:

• Decentralized chat
• Safe crypto wallet
• Sending tokens right in the app
• Latest news
• Security and safety
• Anonymity 

NKN’s nConnect offers a remote access system for computers that connects users to remote desktops or file systems from multiple devices. It’s a simple solution with the strongest security and ultimate privacy. That allows NKN users to reach all their private data and personal files in just one click. It’s fast, secure, universally compatible and all access is done by one connection.

NKN Goals

NKN sets the following objectives: 

• Any node can connect to this fully open network from any place.
• Promote network sharing. 
• Secure net neutrality from network layer innovations. 
• Always keep network open and scalable.
• Perform efficient and dynamic routing.
• Tokenize network connectivity and data transmission assets and incentivize participating nodes.
• Design and build the next generation of blockchain network.

What Is NKN Coin?

The NKN token is an ERC-20 utility token that serves as an incentive and payment system for services on the network. The token was released in an initial coin offering in April 2018, with an initial supply of 1 billion NKN. Thirty-five percent of NKN tokens were made available during the launch, with ICO participants able to purchase 4,150 NKN for 1 ETH. Additionally, 17% of the token supply was reserved for the NKN Foundation in order to make strategic investments in building the NKN ecosystem. 18% percent of the token supply was distributed to the founding team and community developers.

The remaining 30% of the tokens were reserved for mining rewards. NKN token miners are rewarded for duties called ‘traffic relay’ and ‘block maintenance.’ In the first year after NKN was released, NKN produced 18 million NKN tokens in mining rewards. The mining rewards system follows a deflationary pattern, decreasing rewards by 500,000 annually for 25 years.

NKN Crypto News

NKN reached its all-time high of $1.48 in April 2021 following the project’s announcement that NKN would be listed on the Binance exchange. In addition to offering support for NKN, Binance offered a 30% annual percentage yield (APY) for staking NKN tokens on the platform. Daily transactions on the network hit 729 after the listing, up from a daily average of 20 to 30 before.

NKN Network openly posts about the new developments in their field of work in their blog. For instance, in May they launched a new NKN style guide, mapped local IP drive with nConnect from a public network, while their community voted on the next nMobile feature.

Is NKN a Good Investment?

Taking into consideration the solid idea behind the project and the team’s continuous work on developing new nMobile and network features, we can assume that NKN platform will develop and its official cryptocurrency will reach new heights. It’s quite possible that NKN might be a good investment, nonetheless, the crypto market is an ever-changing environment and it is difficult to predict what awaits the crypto field in the future.

Where to Buy NKN Crypto?

StealthEX is here to help you buy NKN crypto. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 450 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy NKN Coin?

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, BTC to NKN crypto.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.