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Clearly the Kyber Network is a blockchain project hit hard. There is no replacement for Ethereum tokens, strange economic tokens that can be fixed, a good team, and an ongoing list of causal associations as well as warehouse partnerships for the future Kyber Network. But is there anything else we need to consider? Clearly, the Kyber Network has been on a roller coaster lately. Aside from all that has been said, Kyber is also the most used DeFi project in 2019. Will they be able to continue it? Although left to be seen, this survey by the Kyber Network shows that Kyber’s prospects look bright and we are happy to see where Kyber gets the decentralized world going forward.
In Aug 2018, the price of Kyber Network was ₹30.30 and volume of ₹358962 with market cap of ₹503811792.
In Dec 2018, the price of Kyber Network was ₹14.516 and volume of ₹642589 with market cap of ₹0
In Jan 2019, the price of KNC was ₹18.653 and volume of ₹456891 with market cap of ₹546454079
In Dec 2019, the price of KNC Token was ₹45.649 and volume of ₹615481 with market cap of ₹642561555
In Jan 2020, the price of Kyber Network coins was ₹22.65 and volume of ₹612438 with market cap of ₹231845896
In Aug 2020, the price of Kyber Network was ₹13.56 and volume of ₹364588 with market cap of ₹158955940
The Kyber Network not only provides a decentralized exchange tool to compete with centralized crypto exchanges but also connects various sign ecosystems to enable the free flow of assets through a decentralized Internet.
The network is designed to make global trade and decentralized financial products not only possible but also feasible. This is done by allowing for the immediate exchange of tokens across the width of the tokens, and in the absence of the risk of settlement.
In order for you to be more useful the network needs to be platform-agnostic, allowing any protocol or application to be able to take advantage of the water provided by Kyber Network without the impact of innovation.