Pricing Academy
Log in
insight thumbnail

Kyber exchange inflow may not affect selling pressure

@Garry Kabankin
1 min read
14.07.2020
KNC

Binance has introduced staking for Kyber. If we see exchange inflow spikes for KNC, it isn't necessary a bad thing, creating strong sell pressure. Binance staking seems hassle free and does not lock up KNC like the KyberDAO, very convenient for users that want to be able to react to market conditions.


This in the long run though, isn't good for Kyber itself, defeating the purpose of staking.

Was this Insight helpful to you? Your feedback means a lot to us!

Featured in this Insight

Kyber Network Crystal KNC

$ 0.458444
58.28%
in last 7d
KNC

Conversations (0)

No comments yet
Be the first to comment

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.