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Technical Analysis, Updates, Recent Developments, Future Events, Community By DailyCoin

by Mike Robinson

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Kick (KICK), Technical Analysis and Updates. Recent Developments. Future Events. Community.
  • Kick.io, a platform for fundraising and project acceleration built on blockchain technology is available here
  • The platform is fully supported by Cardano-based project and all Cardano native tokens
  • Kick.io Launchpad currently active and available for project launches
  • KICK’s listing on ExMarkets was accompanied by the unveiling of the stake on the project, which can provide up to 24% APR

Alonzo is still one of the major developments in the Cardano Network. It ushers the ecosystem into the Goguen Era, which permits developers to build smart applications and run smart contracts.

Kick.io was one of the many projects that took up the Cardano initiative. Kick provides a platform for fundraising and an accelerator that allows users to leverage DeFi innovations in order provide transparent and efficient decentralized crowdfunding services.

This project is based on decentralization for the future and offers full support for all Cardano native coins as well as a range of DeFi tools to its Launchpad. What has Kick done since October 1, when it launched?

Current Developments and Future Events

Kick has had a wonderful start to 2021 in Q4. Kick.io Launchpad launched officially on October 1st, without any issues.

Kick.io Launchpad provides projects with the possibility to receive funds from community fundraising. Kick announced that projects will be carefully reviewed before they are added to the Launchpad.

ExMarkets published the native tokens under the ticker “KICK” after the Kick.io platform was launched. ExMarkets now allows users to trade, buy and sell KICK for almost no fees. KICK also became available on CardanoCube, in response to increased expectations.

KICK token holders will be able to endorse projects by using their KICK tokens. KICK token holders must approve Kick.io Launchpad projects before they can be funded.

Kick.io was launched with KICK tokens starting October 1. The project revealed that token holders can now stake their tokens in exchange for reward points. There are three options for staking KICK tokens;

  • 1.4% APR without lock-up
  • 18.5% APR and a three-month lock-up
  • 2.4% APR for 6 months lock-up

Kick users can browse carefully selected projects and have the opportunity to upload them to Kick.io. KICK token holders can also endorse projects to earn rewards.

Prices Updates

KICK is one of the strongest performers in crypto markets that are currently riding high. Over the last 24 hours, KICK has gained 11.47%, as the token’s value has risen from $0.1550 to $0.1787 at the time of this writing.

KICK traded in the past 24 hours for $947,452, which is quite impressive considering it’s a new token on the market.

Technical Analysis

KICK currently trades at $0.1787 and is close to resistance at $0.1805. KICK will retest $0.1885 if it maintains sufficient bullish momentum and breaks above $0.1805.

KICK could reach $0.2085 mid-term highs if it surpasses the current high. These figures represent a short-term price increase of 6% and a mid-term rise of 15%, respectively.

KICK could fall if it fails to maintain the bullish momentum and break above $0.1805, which would mean that the token will retest $0.1715. This is a crucial support zone for KICK.

Flipside

  • Kick, like all new projects suffers from low popularity and lack of support from the larger community
  • Kick would require additional work from the development team to compete with established launchpads.

Community

Kick is only in crypto for about a month but the project has already gained traction through community participation and frequent updates. Kick is already following over 7k people on Twitter (NYSE :).

DailyCoin found that Kick community members were bullish on the future. Atdust_knuckle on Twitter is cheering Kick On. He wrote:

@ParaEagle1 wrote another user;

Community members have begun to plan for Kick support after the launch of Kick Launchpad. As a response to a support request, @DefiSminem tweeted:

Another user wrote: @Pistons39959984

What are the reasons to care?

Kick is working to become the go-to platform where Cardano’s extensive community can fund high-growth projects. Knowing the project’s full potential, the Kick development team has integrated support for projects launched on the Cardano blockchain and offers full support for Cardano native tokens.

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