NKN/EUR
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NKN Price Overview
The current NKN price is 0.025100000 €. The price has changed by 3.34% in the past 24 hours on trading volume of 2462015.47 €. The market rank of NKN is 1218 based on a market capitalization of 19873624.86 €. NKN has a circulating supply of 790902537.44 NKN. The highest recorded NKN price is 1.210000 €. And the lowest recorded NKN price is 0.005974270 €.
How do NKN price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.
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Analysing NKN’s price history
Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.
Make sure your price prediction for NKN matches your long-term and short-term financial goals.
There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.
Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the NKN chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.
In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.
News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?
Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.
Factors influencing the Price of NKN
Many factors affect the value of NKN.
The NKN exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.
Government regulations have a great impact on the price of NKN and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.
Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of NKN in the news, monitor NKN on X. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.
How much is 1 NKN worth?
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Understanding the crypto market dynamics
The crypto market is a highly dynamic and fast-paced environment that rapidly changes. Just as with NKN, understanding these dynamics can be pivotal to your investment decisions. An important consideration is market volatility. NKN and similar cryptocurrencies have had high price volatility in the past. Sharp price increases and drops can happen within hours, or even minutes. This volatility can present both risks and opportunities for investors interested in NKN.
NKN along with the rest of the crypto market tends to follow Bitcoin’s price moves. This is partly because Bitcoin’s market cap accounts for over a third of the crypto market as a whole. In addition, the competitive landscape within the cryptocurrency market can also affect NKN’s price. The entry of new competitors, or the development of more advanced technologies by existing competitors, can pose a risk to NKN’s market position.
The impact of global economic events on NKN price
The NKN exchange rate sometimes moves with or in response to changes in the wider economy. Like all crypto, NKN can be affected by Government regulations. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the NKN price higher or lower.
Government policies encouraging the development and use of cryptocurrencies can boost the NKN exchange rate, while those that restrict or ban crypto can lead to price drops.
Economic instability or crises can lead people to look for alternatives to fiat currency, potentially increasing demand for NKN and other cryptocurrencies. On the other hand, strong economic growth can lead to increased crypto investment as individuals and companies look for new profit opportunities.
Investing in cryptocurrencies like NKN can be an exciting yet challenging endeavour. As the cryptocurrency landscape continues to evolve, staying informed and understanding the various factors that can impact crypto prices can help you navigate your investment journey with confidence.
Whether you're an experienced investor or just starting, always remember the basic tenets of investing - diversify your investments, only invest what you can afford to lose, and be sure to understand the risks involved before making any investment decisions. Check out our Intelligent Portfolios that automatically adapt to market conditions.
The role of crypto exchanges
Cryptocurrency exchanges play a crucial role in the trading and pricing of cryptocurrencies like NKN. They serve as platforms where buyers and sellers meet to trade crypto. The prices of cryptocurrencies are determined by the buying and selling activity within these exchanges
All of these factors influence the NKN exchange rate and the exchange rates of other cryptocurrencies – today. They all influence investment decisions in the crypto market, and those decisions determine the market price.
Live NKN value and market cap
The live NKN exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.
The market capitalisation of NKN is equal to the value of NKN multiplied by the number of NKN in circulation.
NKN Price FAQ
What factors influence the price of NKN?
Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence cryptocurrency prices. To see how NKN tracks the overall market, check out our comprehensive cryptocurrency price page.
How is the NKN exchange rate calculated?
The NKN exchange rate is decided by supply and demand on cryptocurrency exchanges. When more people are buying NKN than selling it, the price goes up. When more are selling, the price goes down.
Why is the live NKN price different on different cryptocurrency exchanges?
NKN’s price quote is based on transactions taking place at each exchange. There is no standard global NKN exchange rate. The trading volume and liquidity are different for each exchange, and those differences affect the price.
What will NKN be worth in the future?
Any number of things could affect the value of NKN in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments. Because unknown future events can affect the price, it is impossible to make a precise NKN price prediction.
What is the highest price of NKN in EUR?
NKN price history shows that NKN has recorded a peak value of 1.210000 €.
What is the lowest price of NKN in EUR?
Kriptomat data confirms that 0.005974270 € is the lowest recorded NKN value.
How much NKN should I buy?
If you’re purchasing tokens to use an app or play a game, explore the website and see how much you’ll need. If you’re acquiring NKN as an investment, take a look at your financial goals, your investment fund, and your portfolio. Smart investors build portfolios of 10 or more cryptocurrencies, balancing factors like anticipated growth rates, volatility, market niche, and more.
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