Token

Credits

Bitkub Coin

Coin

<ul class="list-ic vertical">
 <li>1 <a>KUB volume has declined by 21.56% on all major tradeable platforms which stands at $951,577.37 with the current market price trading at $2.556.</a></li>
 <li>2 <a>The MACD with the bearish cross is at 0.016, and the RSI is beneath the 50 level at 44.92.</a></li>
</ul>
The Bitkub Coin (KUB) is the native and utility token of the Bitkub Chain. KUB serves multiple purposes within the Bitkub Chain ecosystem, including Transaction Fees are used in KUB which is used to pay for gas fees, which are necessary for validating transactions and interacting with the blockchain. Staking and Delegating is included in which Holders of KUB can stake their coins to participate as Validators or Delegators in the Bitkub Chain’s Proof-of-Stake (PoS) consensus mechanism.
Moreover, Fee Credits are included in which KUB can be converted into fee credits on the Bitkub Exchange, potentially reducing transaction costs. Last not the least, Redemptions are also included in which KUB can be redeemed for services and products from partners within the Bitkub ecosystem.
In particular, the vision which is behind Bitkub Chain is to democratize opportunity aspects, by authorizing every person to have transparent ownership privilege, and rights to their owned digital assets without relying on any single entity.
Likewise, the chain emphasizes security, regulatory compliance, interoperability, and ease of development, this makes it an alluring platform for creative developers to build decentralized applications (DApps), with different use case scenarios.
In addition, the <a href="https://www.thecoinrepublic.com/2022/08/31/bitkub-cto-committed-insider-trading-thai-sec/" rel="noopener noreferrer nofollow">Bitkub</a> Chain has introduced the KAP-22 Token Standard and aims to improve transaction rates significantly. The total supply of KUB is capped at 110 million coins, with various funds allocated for ecosystem development, community growth, and liquidity provision.
<h2 class="wp-block-heading" id="strong-bitkub-coin-kub-price-study-over-day-time-frame-strong">Bitkub Coin (KUB) Price Study Over Day Time Frame</h2>
The KUB token has demonstrated wonderful performance on the daily chart with 6.76% performance growth last month with a 13.14% increase last quarter.
However, the rally did not stay above the supply level after showing a breakout and retest scenario for further uptrend movement, it turned out to be a fake breakout. Because, the price failed to move up and instead gave a gap down entry on March 18th, 2024, and has been declining since then, which led to its weekly price performance on the daily chart being a poor one with a 21.08% percentile decline.
At the time of writing, its market cap in accordance with the KUB project is $228.32 Million, and the fully diluted market cap is $2.58 Billion, per the Coinmarketcap website. Meanwhile, its volume has declined by 21.56% on all major tradeable platforms stood at $951,577.37, with the current market price trading at $2.556.
Therefore, if the price continues to break support of $2.400 then the price will deteriorate more and seek lower levels. On the flip side, if it manages to sustain over the $2.400 support and jumps the supply level, then the turnaround could be massive, leading to new higher levels, like $3.00, $3.50, and $4.00.
Currently, the major indicators give no bullish signs and all are on the bearish side, which is backing the bearish perspective of the price performance forecast on the daily chart. The MACD with the bearish cross is at 0.016, and the RSI is beneath the 50 level and stands at 44.92. 
<a href="https://in.tradingview.com/chart/KUBUSDT/qlZ62mCK-The-KUB-token-has-demonstrated-wonderful-but-bearish-now/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a> 
<h3 class="wp-block-heading" id="strong-summary-strong">Summary</h3>
The KUB token has shown mixed performance recently. It showed a monthly growth of 6.76% and a quarterly increase of 13.14%. However, it failed to sustain its rally, experiencing a 21.08% drop after a false breakout on March 18th, 2024.&nbsp;
Trading volume has decreased by 21.56%, and the current price is $2.556. In addition, Technical indicators are currently bearish, with the MACD at 0.016 and the RSI at 44.
Therefore, if the price falls below the $2.400 support level, it could decline further, but if it holds above this level, there’s potential for an upturn to $3.00, $3.50, or even $4.00.
<h4 class="wp-block-heading">Technical Levels</h4>
Support Levels: $2.400
Resistance Levels: $3.00, $3.500
<h5 class="wp-block-heading">Disclaimer</h5>
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

What Is KUB Token & Can It Achieve $4.00 Price Mark Soon?

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Thecoinrepublic.com

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