It’s totally crazy how many new projects are listed on KuCoin each day. Most of these projects are probably going to die within the next 2 – 5 years. But keep in mind that KCS has currently a market cap of ~1.46bn USD. Once we see more volume coming into this market, KCS will be my top centralized exchange token. I think it is totally undervalued atm. KuCoin has more trading volume than FTX, while FTT is worth ~3.7x more than KCS. So, that leaves some room for KCS to grow!

From a technical perspective, KCS is forming and ascending triangle . We saw a failed breakout attempt on the 29th March. Since that the price stabilised around its main support trend line .

With the volume slowly increasing, it’s almost safe to say that this is setting up for an explosion.