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.

Coinbase 3

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 $0.001205, which is 2.67% down over the past 24 hours. KBC’s market capitalization is still unknown, but its volume in the past 24 hours was recorded as $1.84 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 5038.

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 ($1.68M), and YoBit ($5,745). The coin registered an all-time high of $0.106243, and on June 18, 2020, 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.

Is KBC Coin A Good Investment in 2021? 1

Others believe that the price of Karatgold Coin may plunge from 0.001202 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 Karatgold 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.

Is KBC Coin A Good Investment in 2021? 2
blank
About the author

Wanguba Muriuki is an Editor at Large for E-Crypto News and author of the book- "The Exploitative Intrigues of Cryptocurrency Scams Explained." He is also a passionate creator who sees every aspect of life from a written perspective. He loves Blockchain, Cryptocurrency, Technology, and Traveling. He is a widely experienced creative and technical writer. Everything and everyone is describable. The best description is written.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 38,813.00
ethereum
Ethereum (ETH) $ 2,816.34
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 333.36
cardano
Cardano (ADA) $ 1.39
xrp
XRP (XRP) $ 0.726040
usd-coin
USD Coin (USDC) $ 1.02
dogecoin
Dogecoin (DOGE) $ 0.200446
polkadot
Polkadot (DOT) $ 18.96
uniswap
Uniswap (UNI) $ 24.19
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 38,813.00
ethereumEthereum (ETH)
$ 2,816.34
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 537.82
litecoinLitecoin (LTC)
$ 141.50
bitcoinBitcoin (BTC)
32.646,20
ethereumEthereum (ETH)
2.368,87
tetherTether (USDT)
0,849526
bitcoin-cashBitcoin Cash (BCH)
452,37
litecoinLitecoin (LTC)
119,02
bitcoinBitcoin (BTC)
27,859.39
ethereumEthereum (ETH)
2,021.53
tetherTether (USDT)
0.724963
bitcoin-cashBitcoin Cash (BCH)
386.04
litecoinLitecoin (LTC)
101.57

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

blank
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin38,553 1.51 % 1.50 % 3.69 %
Ethereum2,786.9 6.44 % 6.24 % 21.18 %
Tether1.010 0.12 % 0.47 % 0.82 %
Binance Coin332.02 1.22 % 0.60 % 5.84 %
Cardano1.370 1.37 % 1.05 % 7.06 %
XRP0.7199 1.10 % 0.01 % 0.60 %
USD Coin1.010 0.26 % 0.32 % 0.49 %
Dogecoin0.1989 1.08 % 0.07 % 4.58 %
Polkadot18.85 2.36 % 2.05 % 29.59 %
Uniswap24.14 5.65 % 7.81 % 26.53 %

bitcoin
Bitcoin (BTC) $ 39,032.00
ethereum
Ethereum (ETH) $ 2,813.24
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 333.45
cardano
Cardano (ADA) $ 1.38
xrp
XRP (XRP) $ 0.724971
usd-coin
USD Coin (USDC) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.199881
polkadot
Polkadot (DOT) $ 19.15
uniswap
Uniswap (UNI) $ 24.52