Popular crypto trader Kevin Svenson predicts that during the next bull run, an exchange will rise more than 50 places in the altcoin’s ranking by market cap.
In a new tweet, Svenson has 99,200 followers. KuCoin Tokenof (KCS) Binance Coin (BNB) and Cronos (CRO) and rank among the top 25 cryptos of the 76th largest cryptoasset by market cap.
“KuCoin Token has been one of the strongest assets throughout the entire downtrend since November 2021. It rose against BTC and held its value… So just imagine what KCS will do during the bull (market) period.”
KuCoin is an exchange-specific token built on the Ethereum (ETH) blockchain. KCS, KuCoin’s native token, is used to encourage participation in the network by reducing transaction fees and rewarding holders. KuCoin is trading at $21.72 at the time of writing and is up about 19% over the past seven days.
Going forward, Svenson thinks KCS will be the best performing altcoin among all crypto assets currently in the top 100 market capitalization rankings.
“KuCoin Token is slowly starting to gain volume. I predict it will be the #1 performing altcoin currently in the top 100.”
Earlier this month, the analyst also called for a price hike for the layer-2 protocol Loopring (LRC). The subsequent LRC price hike coincided with Loopring’s announcement that a beta version of its new non-tradable token (NFT) platform built on GameStop’s blockchain is now live for early signups and deposits of funds.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.