NKN Price Hits $0.0577 (NKN)

NKN (NKN) traded 7.6% lower against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on February 6th. NKN has a total market capitalization of $34.72 million and $6.00 million worth of NKN was traded on exchanges in the last day. One NKN coin can now be bought for about $0.0577 or 0.00000059 BTC on major exchanges. During the last week, NKN has traded down 28.7% against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

• GMX (GMX) traded down 1.2% against the dollar and now trades at $16.74 or 0.00017123 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.2% against the dollar and now trades at $97,789.57 or 1.00003066 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $97,512.15 or 0.99719363 BTC.

NKN Profile

NKN (CRYPTO:NKN) uses the hashing algorithm. It launched on January 31st, 2018. NKN’s total supply is 784,036,240 coins and its circulating supply is 601,333,312 coins. The official message board for NKN is blog.nkn.org. NKN’s official website is nkn.org. NKN’s official Twitter account is @nkn_org and its Facebook page is accessible here. The Reddit community for NKN is https://reddit.com/r/nknblockchain and the currency’s Github account can be viewed here.

According to CryptoCompare, “NKN, or New Kind of Network, is a cryptocurrency token and project focused on networking and connectivity. The NKN token is the primary medium of exchange within the NKN ecosystem, incentivizing participants to share their network bandwidth and computing resources. The NKN platform aims to redefine the Internet’s network connectivity segment by decentralizing network resources. NKN tokens are used to incentivize and reward participants, fuel the platform’s unique consensus algorithm, MOCA, and facilitate decision-making within the network. The NKN project was developed by a team of experienced technologists, including co-founders Yanbo Li, Bruce Li, and Yilun Zhang, with a mission to build a decentralized, shared, and secure Internet of the future.”

Buying and Selling NKN

It is usually not currently possible to purchase alternative cryptocurrencies such as NKN directly using US dollars. Investors seeking to acquire NKN should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NKN using one of the exchanges listed above.

NKN/USD price chart by TradingView