Most times, the average crypto project has its own native cryptocurrency. The native crypto for the kyber network is the KNC crypto. Which is used to run the network. 

In most crypto projects, you need native crypto to use the platform. Without it, you can't use the platforms. But Kyber eliminates this problem. Making it possible for users to switch between crypto tokens. 

How does Kyber Network work? 

The Kyber network works in a very easy way. If you understand what liquidity pools are, understanding how Kyber networks work will be easy for you. 

The network allows crypto users to exchange crypto tokens in quick decentralized ways. Tokens are mostly ETH and most ERC-20 tokens. The network can do this because it uses a liquidity pool. These pools contain different kinds of crypto tokens. 

And with the network, you don't need to create an account or even register. Which differentiates them from centralized exchanges. 

Certain components of the network make these decentralized switches between tokens possible. They are: 

• Smart contracts 
• Reserves
• Takers 

1. Smart Contracts

These are codes that give the framework for the exchange of tokens. 

2. Reserves

These help to provide liquidity to the Kyber network. They are of three types. Namely: 

• Price Feed Reserves (PFR) – These act almost as market makers. But in a decentralized form. They use the price feeds in the network to determine the rate of conversion. Then they store the data in smart contracts. This is the rate of conversion takers would use in trading or exchanging crypto. 
• Automated Price Reserves (APR) – These reserves are different from PFR. It provides the conversion rate for available tokens as well as provides liquidity to the network. Their conversion rate is determined by smart contracts. 
• Bridge Reserves – These help to source liquidity on other exchanges that are decentralized as well. Like Uniswap. 

3. Takers

This component is responsible for taking liquidity out of the network. You can call them traders. They include: 

• Wallets 
• Decentralized apps 
• Vendors

Kyber Network Price Prediction: KNC Crypto Prices in 2022 – 2030

Alt: KNC crypto prices from Sep 2021 – June 2022. Source

Alt: KNC Price from Nov 2020 to May 2022. Source

Kyber network is expected to have significant changes in its price. Both in the short term and also in the long run. This is very common with KNC crypto as you can see from the images above. 

While Crypto Rating expects the crypto to hit $3.3 by the end of 2022. Wallet Investors believes it will hit $3.878 by 2023. 

Kyber Network has gained the attention of investors and analysts. And while some expect a bearish future, others stay bullish. 

Let's look in detail at the price prediction of KNC coins. 

Kyber Network Price Prediction – 2022 

It is believed that before 2022 runs out, the price of KNC coins will soar. This will make the coin a very good investment for 2022. While some analysts expect it to level around $3. Others believe it could hit $4.34.  

Kyber Network Price Prediction – 2025 

In 2025, it's expected that KNC coins will soar above $6.61. And with the blockchain being adopted by lots of people, it might hit $7.37 before 2025 ends. 

Kyber Network Price Prediction – 2030 

DigitalCoinsPrice believes that KNC coins will rise progressively between 2028 and 2031. In 2028, it expects the coin to hit $6.12. And end the year with a price of $7.66. 

The site believes Kyber Network will hit $8.56 in 2030. But will surpass that in 2031. Reaching a price of $9.83, with a potential increase to rise again. 

FAQ: Everything you should Know about Kyber Network (KNC)

What is KNC crypto?

KNC crypto is the Kyber Network native cryptocurrency. Which runs the decentralized exchange that is powered by the Ethereum blockchain. 

Why is KNC crypto going up?

Following the integration of Uniswap V3, the price of Kyber Network Crystals is rising. This is because it gives crypto users better rates for crypto transactions. 

What is the KNC crypto price in 2022?

As of the second week of June, KNC crypto was at $1.93. With the potential to soar. The Kyber Network price is expected to rise more than that. It's expected to surpass $4 and eventually hit $4.34. Although some analysts believe it might not hit $3. 

Is Kyber Network a good investment in 2022?

Currently, in the crypto world, KNC crypto is one of the digital assets actively traded. It is in fact one of the most popular crypto platforms. Since it has a positive outlook to soar in price, it's a good investment for 2022. 

What is the highest price for Kyber Network Crystal (KNC)?

The highest price of KNC was $6.45, which was as far back as 2018. 

What is the lowest price for Kyber Network Crystal (KNC)?

All-Time Low $1.11 72.7% Jun 22, 2021 (12 months). 

The lowest price of KNC is $1.11, and that was in June 2021.