NKN Profile


USD 0.08  0.0004  0.51%   

Market Performance
0 of 100
Odds Of Distress
Over 51
NKN is trading at 0.0784 as of the 26th of November 2022, a -0.51% down since the beginning of the trading day. NKN has 51 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for NKN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2022 and ending today, the 26th of November 2022. Click here to learn more.
NKN is peer-to-peer digital currency powered by the Blockchain technology. More on NKN
NKN is a market place for peer-to-peer digital cash-like asset called Cryptocurrency. NKN has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as NKN are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as NKN are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

NKN Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. NKN's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding NKN or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
NKN has very high historical volatility over the last 90 days
NKN has some characteristics of a very speculative cryptocurrency
NKN is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 10 exchanges in multiple currencies. NKN (New Kind of Network) is a highly scalable, self-evolving and self-incentivized blockchain network infrastructure. It addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity as a useful Proof of Work.Proof of Relay (PoR) is a peer-to-peer sharing mechanism at blockchain level. Participants receive rewards by contributing more network resources than they consume. NKN uses Proof of Relay mechanism to guarantee network connectivity and data transmission capacity.NKN is an ERC20 token that serves as a currency on the NKN ecosystem and works as the incentive given to participants that share their connectivity and bandwidth.
Coin TypeNKN
Proof TypePoR
Technology Adoption RatingC-
Market Performance RatingD+
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2018-12-29
Full NameNKN (NKN)
Asset Website Urlhttps://nkn.org/
Platform Typetoken
Coin NameNKN
Total Coins Mined700 Million
Smart Contract AddressView
NKN (NKN) is traded on CRYPTO Exchanges. NKN is peer-to-peer digital currency powered by the Blockchain technology.

NKN's Exchanges and Markets

Coinbase Switcheo Binance DigiFinex BCEX HitBTC ZB IDEX Kucoin CoinEx

NKN Target Price Odds Analysis

What are NKN's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of NKN jumping above the current price in 90 days from now is about 86.77%. The NKN probability density function shows the probability of NKN crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon NKN has a beta of -0.2378. This indicates as returns on benchmark increase, returns on holding NKN are expected to decrease at a much lower rate. During the bear market, however, NKN is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NKN is significantly underperforming DOW.
  Odds Below 0.0784HorizonTargetOdds Above 0.0784
13.17%90 days
Based on a normal probability distribution, the odds of NKN to move above the current price in 90 days from now is about 86.77 (This NKN probability density function shows the probability of NKN Crypto Coin to fall within a particular range of prices over 90 days) .

NKN Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NKN market risk premium is the additional return an investor will receive from holding NKN long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NKN. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NKN's alpha and beta are two of the key measurements used to evaluate NKN's performance over the market, the standard measures of volatility play an important role as well.

NKN Technical Analysis

When it comes to investing in cryptocurrency, such as NKN, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of NKN, which is currently traded at 0.0784, shows everything you need to know about NKN market value. You don't have to consider the fundamental factors that affect a crypto asset, such as NKN, to determine its price movements. However, the NKN's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so NKN's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project NKN's future price trend
The output start index for this execution was zero with a total number of output elements of sixty-one. Cosine Of NKN Price Series is a trigonometric function that describes price patterns.

NKN Against Markets

Picking the right benchmark for NKN crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NKN crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NKN is critical whether you are bullish or bearish towards NKN at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in NKN without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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Volatility Analysis

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How to invest in NKN

You need to understand the risk of getting into digital currencies such as NKN before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in NKN in four ways:

Buy NKN through an exchange

Get yourself a crypto wallet before embarking on your NKN journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase NKN. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of NKN through an exchange

You don't have to buy a full token when starting out since NKN is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade NKN through a broker

If you don't want to store your NKN Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in NKN through an exchange-traded fund (ETF)

You can also invest in NKN through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having NKN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Additionally, see Correlation Analysis. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Tools for NKN Crypto Coin

When running NKN price analysis, check to measure NKN's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy NKN is operating at the current time. Most of NKN's value examination focuses on studying past and present price actions to predict the probability of NKN's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move NKN's coin price. Additionally, you may evaluate how adding NKN to your portfolios can decrease your overall portfolio volatility.
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