Is KBC Coin A Good Investment?

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KaratGold Coin (KBC) is a good investment since it is pegged on physical gold. The proponents say that the potential for a profit to be realized from investing in KBC coins is significant. Gold is gaining as economic tensions keep spreading worldwide in the wake of the COVID-19 pandemic.

Technical analysis also shows that the character of the KBC coin is wavy, which indicates room for growth to all-time highs. In that context, KBC coins are also appreciating since they are linked to the physical gold in the current market making them a good investment.

The KBC Coin is cost-efficient, borderless, secure, and can be transferred in real-time. Its value is predictable since gold has a long tradition and everyone knows that it is stable.

Formerly known as KaratBank Coin, KaratGold Coin (KBC), is an ERC-20 token. The Ethereum blockchain powers the coin. In its whitepaper, KBC coin is primarily defined as a cryptocurrency and also a utility token. The KaratGold Coin is pegged to physically deposited gold in the form of CashGold.

Karatbars International and KaratBank developed CashGold in 2015 as a form of exchange that integrates notes with between 0.1 to 0.6 grams of gold. Based on its whitepaper, KaratGold Coin can be exchanged for the appropriate amount of CashGold.

The parent company of KaratGold Coin is known as Karatbars International GmbH. The company was founded in Singapore in 2011. Founder and Ceo Harald Seiz leads Karatbars International. By description, the company is a network marketing firm that sells real gold that is ideally pressed and sealed in notes and plastic credit cards.

The governmental body tasked with the responsibility for financial regulation in Quebec, Canada, AMF, banned Karatbars from trading in securities in 2014. Karatbars was prohibited from trading under any form of investment. Also, all Karatbar affiliates were banned from acting as serious securities advisers.

KBC Coin Daily Performance

Currently, the KaratGold Coin price is around $0.005576, which is 2% down over the past 24 hours. KBC’s market capitalization is still unknown, but its volume in the past 24 hours was recorded as $2.86 million. The coin has a circulating supply of 0 coins. It has a maximum amount of 12,000,000,000 and a market capitalization rank of 1748.

Karatgold Coin (KBC) price forecast, cryptocurrency prediction components, Karatgold Coin future price

KBC coin is traded on 19 exchanges, with the top exchanges being P2PB2B ($156,420), Bitforex ($2.68M), and YoBit ($5,745). The coin registered an all-time high of $0.106243, and in the past 24 hours, it has had 0% transparent volume. Notably, it has been trading on 46 active markets with the highest volume trading pairs being USDT ($526,813), BTC ($1.85M), and ETH ($419,510).

It is advisable to use block explorers like etherscan.io and ethplorer.io to explore KBC transactions and addresses.

Mixed Reactions On Investment

KBC Coin is generally a good investment since it is pegged on gold. However, some analysts say that it is a lousy investment in the long term (1-year) since it has a low market capitalization. Due to such low market cap levels, the KBC price can be easily manipulated, making it a high-risk investment option.

Others believe that the price of Karatgold Coin may plunge from 0.00550 USD to 0.000561 USD. That translates into a change of -89.796%, which makes it a bad investment. Thus, the analogy and prediction that it might replace or surpass bitcoin might not happen in the foreseeable future.

With the price low and the market capitalization also significantly small, the KBC coin might crash in the next cycle of bear markets. Thus, it might not hit $1 within a year if the current market parameters prevail.

On the flip side, the proponents say that the potential for a profit to be realized from investing in KBC coins is significant. Based on the daily rates of the coin for the last six months, it shows that character of the crypto is wavy. Thus, there is a significant chance that the KBC coin can reach near its all-time highs in the future.

The KaratGold Coin meets global needs since it is a form of cryptonyzed gold. Each coin represents an imaginary weight of gold where a certain number of KBC coins can be exchanged for physical gold. It is also exchangeable for all fiat currencies and cryptos globally in the future.

The KBC Coin is cost-efficient, borderless, secure, and can be transferred in real-time. Its value is predictable since gold has a long tradition and everyone knows that it is stable. Hence, the KaratGold Coin can become accepted globally. Thus, the crypto can achieve a higher market capitalization in the future which makes it a good investment today.

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1 Comment
  1. ปั้มไลค์ says

    Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.

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