Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçeNKYC Token Information
NKYC Token is emerging as a significant player in the blockchain landscape, focusing on enhancing user privacy and control over personal data. By leveraging innovative technologies, it empowers users to manage their digital identities while ensuring compliance with regulatory requirements. As the demand for privacy-centric solutions grows, NKYC Token positions itself as a vital component in the evolution of decentralized finance.
Introduction to NKYC Token
The NKYC Token, represented by the symbol nkyc, has been making waves in the cryptocurrency market since its inception. Unlike many traditional cryptocurrencies, NKYC aims to address the challenges associated with Know Your Customer (KYC) regulations, providing a compelling alternative for users who value privacy in their digital transactions. In this article, we will explore the historical performance of NKYC, its advantages and disadvantages, and its future prospects.
A Historical Overview of NKYC Token
NKYC Token has witnessed a fascinating journey since its launch. Initially, it experienced a rapid increase in value, reaching an all-time high (ATH) of $31.82 on September 25, 2024. However, the subsequent price correction was notable, with the token currently trading at approximately $22.37, reflecting a drop of about 29.71% from its ATH. Conversely, the token has shown remarkable resilience, having increased by over 422% from its all-time low (ATL) of $4.28 recorded on October 4, 2023. This volatility is emblematic of the cryptocurrency market, where speculative trading and market sentiment play critical roles in price movements.
Advantages of NKYC Token
One of the standout features of NKYC Token is its focus on privacy. By minimizing the need for KYC processes, it appeals to users who prioritize anonymity in their transactions. This paradigm can empower individuals in regions with stringent surveillance measures, fostering freedom and privacy in financial dealings.
Additionally, the limited supply of NKYC, with a total cap set at 21,000,000 tokens and a current circulating supply of 4,000,000, creates an inherent scarcity. This rarity, combined with increasing demand, could theoretically drive the price up in the long term, making it an attractive investment for speculators and long-term holders alike.
Disadvantages of NKYC Token
Despite its advantages, NKYC Token does face significant challenges. The primary concern is regulatory scrutiny, as many governments around the world are tightening regulations on cryptocurrencies and emphasizing KYC compliance. If NKYC Token fails to adapt to these evolving regulations, it could risk being restricted or banned in certain jurisdictions.
Moreover, the token's current market cap of approximately $89,444,971 indicates that it is still in a relatively nascent stage compared to larger cryptocurrencies like Bitcoin or Ethereum. This smaller market cap can lead to higher volatility and make the token susceptible to price manipulation.
Future Prospects of NKYC Token
Looking ahead, the future prospects of NKYC Token will largely depend on its ability to navigate the complex regulatory landscape surrounding cryptocurrencies. Should the project successfully carve out a niche by promoting privacy while remaining compliant with regulations, it could see significant growth.
Moreover, as more individuals become privacy-conscious and seek alternatives to traditional financial systems, the demand for tokens like NKYC may increase. Coupled with potential partnerships and adoption in decentralized finance (DeFi) applications, NKYC Token could establish itself as a key player in the privacy coin segment.
Conclusion
In summary, NKYC Token presents a unique proposition within the cryptocurrency ecosystem, promoting privacy in the age of increasing regulatory oversight. While it has experienced volatility in its price and faces numerous challenges, its potential for growth cannot be overlooked. As always, investors and users should conduct thorough research and stay informed of market trends before diving into this exciting yet unpredictable market.
|
from price
$32
|
General Information |
|---|
|
Title
NKYC Token
|
|
Symbol
nkyc
|
|
Whitepaper
-
|
|
Website
|
|
Community
-
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
32.49
$
|
|
High 24h
32.84
$
|
|
Low 24h
31.57
$
|
|
Price Change 24h
0.536288
$
|
|
Price Change % 24h
1.6784
%
|
Market Data |
|
Market Cap
130045177
|
|
Total Volume
143612
|
|
Market Cap Change 24h
2216895
|
|
Market Cap Change % 24h
1.73428
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
4000000
|
|
Total Supply
4000000
|
|
Max Supply
21000000
|
Historical Data |
|
All Time High (ATH)
35.51
|
|
ATH Change %
-8.40303
%
|
|
ATH Date
2024-12-04 10:27
|
|
All Time Low (ATL)
4.28
|
|
ATL Change %
659.08345
%
|
|
ATL Date
2023-10-04 18:08
|