NKN (NKN) is one of the pillars of decentralised apps because it was developed in the early stages of blockchain's existence and has continued to evolve. In the future, we could see the NKN (NKN) crypto gaining some investments and users adding innovations to the network. So, what are the NKN (NKN) crypto price predictions for 2022 and beyond? How high can the coin rise or fall in the short and long term? We'll give you answers to these and many other questions in this NKN (NKN) price prediction article. 

What is NKN (NKN)?

According to the official whitepaper, NKN (New Kind of Network) is described as a new generation of highly scalable and self-evolving blockchain infrastructure. NKN addresses the network's decentralisation for efficiency and dynamism using CA (Cellular Automata) methodologies. The Proof of Work mechanism is used to achieve the tokenisation of connectivity and data transmission capacity of the NKN network. 

NKN decentralises network resources in a way that is similar to how Ethereum and Bitcoin decentralise computing power. All this makes the NKN network secure, efficient, and robust, paving the way for creating an open Internet that is healthier and safer for investing. 

NKN Owner

Bruce Li is the co-founder and co-CEO of NKN. He studied in China and Australia and worked in Australia, Finland and the United States. Before NKN, he worked for Nokia and Google. He specialises in technology and business innovations in telecommunications and software.

NKN (NKN) Projects

There are three major projects in the NKN ecosystem:

• dataRide is a decentralised platform as a PaaS. It's a fast, reliable solution with low messaging, streaming and file transfer services for person-to-person, machine-to-human and machine-to-machine communication. It provides a lightweight SDK that supports Java, Android and iOS. The dataRide project currently uses a freemium model that you can try at no cost. There is no need to set up and maintain its infrastructure. The dataRide project has several use cases, including direct file transfers, IoT communications, remote control of servers or live chat support services.

• nMobile is a messaging application powered by blockchain technology. It encrypts all messages that users exchange with one another in the app. Users' data are full, and personal details are fully protected by being kept on their devices. The app supports English and Chinese. It offers a fully anonymised communication, where every participant is given a randomly generated ID. It encrypts the user information with a real private key that is a secret to everyone else.

• nConnect is a remote access tool with the highest security and privacy standards. The project lets users reach their private and professional data with just one click. Moreover, it's accessible 24/7, regardless of the users' geographical location. 

NKN Benefits

The NKN network is supported by Cellular Automata theory, which aims to revolutionise the modern internet with a true version of the native token incentive and decentralisation mechanism. By analysing their work, they have come up with countermeasures that may affect their network. This includes: 

• Sybil Attacks mean any circumstances where a fraudulent node tries to be multiple users. Fraudulent miners make attempts to deliver extra copies and get paid for them. Physical forwarding is done by creating multiple Sybil identities but only transmitting data once.
• DoS (Denial of Service) Attacks, as part of which attackers attempt to target certain accounts and prevent the account holder from posting transactions in such attacks. 
• In the Eclipse Attack, the attacker controls the peer-to-peer communication and directs the node's neighbours to communicate with malicious nodes. 
• A Double Spending Attack refers to the case where the same token is spent more than once. In classic blockchain networks, nodes prevent such attacks by consensus to confirm the transaction sequence.

NKN (NKN) Price Analysis

As of the time of writing this NKN (NKN) price prediction (27 June 2022), the coin's price was $0.095737, with a daily trading volume of $6,657,440. In the past 24 hours, the NKN (NKN) price increased by 9.10%. With a market cap of $67,015,656, the coin ranked #293 on CoinMarketCap. NKN (NKN) has a circulating supply of 700,000,000 NKN (NKN) coins and a maximum supply of 1,000,000,000 NKN (NKN) coins.

NKN price statistics (as of 27/06/22)

NKN Price History

According to the latest data, the NKN (NKN) coin's price bounced from $0.06709 to $0.1041 in the past 7 days. However, regardless of its current bullish trend, the coin still shows risky segments for the past month, which doesn't let us assume NKN (NKN) might be a profitable asset in the short term. 

The 90 days price change is around -85.56%. The coin's price circulated from a low of $0.06227 to a high of $0.3249. In the past 4 months, the NKN (NKN) coin's price has been down by 84.78%, with a maximum average price of around $0.45 and a minimum average price of $0.41.

NKN Technical Analysis

The beginning of 2021 pushed NKN's (NKN) price up and gave a good return to traders on their investment. Since February 2021, there has been a high trading volume as NKN's (NKN) price started to grow, which resulted in the volatility increase from February 2021 to March 2021. 

However, the aforementioned NKN (NKN) price increase was nothing compared to the impressive price rise in April 2021. Back then, the coin marked significant volatility, making the NKN (NKN) reach the all-time high value of $1.48.

During the same period, in April 2021, the RSI indicator created an overbought signal, which correctly predicted the price condition as the NKN (NKN) price started to drop in the coming months. In June 2021, NKN (NKN) coin reached its lowest levels with the lowest volatility. Back then, the market started to pick up the NKN (NKN) price, and it started to move upwards for a while. 

After the all-time highs of April 2021, the Accumulation/Distribution indicator started to trend downwards. The average rise in volume started to drop, and the market started to lose interest after NKN's (NKN) price rose in April 2021. However, after the coin's price reached the 50-day moving average in August 2021, the price started to move up. 

Since then, the NKN (NKN) has fluctuated near the 50-day moving average. As the RSI is nearing the oversold signal and the support level is close for NKN (NKN), it's expected to be a ripe opportunity for investors to invest in.

Is NKN a good investment?

The NKN (NKN) crypto price prediction presented here is based on technical analysis and forecasts based on the previous coin's behaviour. The returns could potentially be good in the long term. The NKN's (NKN) coin bullish trend hints at its power and slight growth in the future. As such, it's possible that the NKN (NKN) cryptocurrency could be a profitable investment.

NKN (NKN) price prediction 2022-2030

The following NKN crypto price predictions use technical analysis and predictive algorithms to forecast short-term and long-term coin prices. It doesn't mean the NKN (NKN) price will be precisely the same in a year or two. The analysis uses past NKN (NKN) performance, which doesn't indicate exact future price movements. Please note that the following NKN (NKN) price prediction is not investment advice, and you can choose to follow it or not.

WalletInvestor NKN Price Prediction for 2022, 2025 and 2030

WalletInvestor predicts NKN can be a bad, high-risk 1-year investment option. NKN's (NKN) price is equal to $0.0990 on 27 June 2022, but your current investment may be devalued in the future. The price of NKN (NKN) may drop from $0.0990 to $0.00547. The change will be more than -90%.

GovCapital NKN Price Prediction for 2022, 2025 and 2030

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. For example, the future NKN (NKN) price prediction is $0.39493930513512 (313.549% ) in a year. This means that if you invest $100, your current investment may bring you $413.549 in a year. 

DigitalCoinPrice NKN Price Prediction for 2022, 2025, 2030

Per the NKN (NKN) crypto price prediction by DigitalCoinPrice, the coin is expected to cross the $0.12 level by the end of 2022. According to their forecast, NKN (NKN) may reach a low of $0.13 by the end of 2023. In addition, it could reach a high of $0.15. 

The same platform forecasts that NKN (NKN) will surpass $0.18 - $0.19 by the end of 2025. Speaking about the long-term NKN (NKN) price prediction for 2030, the coin is thought to be capable of reaching a low of $0.43 and a high of $0.46.

NKN (NKN) Future Value Predictions in General

In general, NKN (NKN) coin doesn't perform amazingly well, with forecasters expecting the coin to trade near its previous all-time high. However, the cryptocurrency's strong fundamentals give us the ground to suggest the coin's future value may excite investors in the coming months. It's also possible that we'll see the NKN (NKN) coin perform better in the coming years. 

How High Can NKN Go?

NKN's (NKN) average price could go up to $0.11 by the end of 2022. If we look at the 5-year estimate, the long-term NKN (NKN) crypto price prediction may be around the $0.45 mark.

NKN Price Prediction Today

Today (as of 27 June 2022), NKN (NKN) is trading at $0.095737. The crypto coin is in a bullish trend now. If its price continues to grow, NKN (NKN) may reach a high of $0.12 by the end of 2022.