🔥 KuCoin Token vs BNB: Technical & Fundamental Analysis

In today’s analysis I want to take a look at a comparison between KuCoin Token (KCS) and Binance Coin (BNB). Not only do I want to look at the comparison and similarities in the charts, but also at the fundamentals.

In the charts above you can clearly see that KCS and BNB share similarities. Both tokens saw their inception in Q4 of 2017. Both tokens released during the mania phase of the last cycle and saw huge returns in their first few months of existence. However, things started to change in 2020. Binance had gained a massive market share of exchange volume by that time, which increased the demand for BNB, which in turn made the price shoot up. KCS, in contrast, was in a downtrend till Jan 2021.

For KuCoin, this was also the moment where things started to go better. However, BNB blasted through its all-time high, whilst KuCoin saw massive resistance around the previous cycle all-time high and failed to break through it.

From a technical perspective, KCS recently broke through the all-time high resistance and traded at its highest value ever. What we’ve seen from previous cycle ATH break outs is that this is classically a very strong buy signal, take a look at ADA / DOGE / BTT for example. Also, one can see a massive 6-month bullish triangle on the KCS chart which has now broken out of the top side.

Furthermore, KuCoin has launched its own KuCoin Community Chain where developers can launch their own tokens and ecosystems, comparable with ERC-20 chain and the Binance chain. The launch of this chain last summer has caused a massive spike in the KCS price. The growth potential for the KCS chain is huge, which translates in a huge bullish potential for the KuCoin token.

In addition, KCS seems undervalued compared to BNB when solely looking at exchange volume. Over the last 24 hours Binance has seen $46B of volume, with KuCoin seeing $4.8B in volume, a 9.6x difference. With BNB trading around $625, this would indicate that the “fair-value” of KCS would be around $65. Since KCS is currently trading around $23, this would mean a potential upside of ~300% when solely looking at exchange volume. Be aware that exchange volume can change during different periods of time, more important is that the relative difference between the two exchanges stays relatively stable.

To conclude, I think that KCS has a lot of bullish potential for the remainder of the bull-cycle, both from a technical and fundamental perspective. All-time high break outs are classically indications of a strong upcoming move. With KCS being being undervalued compared to BNB, I think there’s still a lot of upside potential for this token. Cycle end target between $50 and $100.

Happy trading!

הערה:

On top of everything mentioned above, the supply of KCS tokens is around HALF of that of BNB. Add this on top of the fact that KCS is undervalued on exchange volume basis and you have a potential +600% upside towards the KCS "fair-value" against BNB.