We invite you to follow this conversation on Telegram. Join our community https://t.me/rubikaventures.

For the next article that we present below we do not want to bore you with basic decentralization applications concepts. Basically, what we want to show you below is a technical and fundamental review of the decentralized network called Kyber Network and that makes it one of the best DApps in the cryptocurrency market.

Why is Kyber Network BestDApp?

Kyber Network іѕ а decentralized platform fоr converting and exchanging digital assets, and the same time, is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application as it’s described in kyber.network.

Also, the project аlѕо offers payment APIs and а contract wallet, which аllоwѕ users tо receive and process payments іn аnу token.

As it’s related in the picture, Liquidity is in turn facilitated through an open reserve architecture that allows anyone to contribute their idle token assets to our decentralized central liquidity pool and earn from the spread in every transaction.

These tokens become available for use across any platform that taps into the network, making them instantly more liquid and useful.

Fundamental And Total Market Capitalization

As of the date this review was written, the total capitalization of the referenced project was approximately $33 million. That would represent less than a third of the total market capital as a whole.

By then, the price of the offer for investors was around 2 cents and the last historical high was approximately $7 dollars.

One of the important aspects of the project to consider is the classification. According to flipsidecrypto, Kyber is among the decentralized projects with a type A rating, as shown in the last reference of the information taken.

This type of classification tells us that it is a reliable project and with a quality standard with good reference. We have seen the latter in practice when using the Token Swap service within the Enjin Platform. Keep reading and we’ll tell you how.

Latest Network Metrics And Stats

In the recent official blog post, it shows that the growth of the network has been gradually increasing and the adoption by many communities as well.

Till the date, more than 6,387 unique addresses in November have swapped, representing more than 12% adoption since October; it have already been executed more than 44,711 total trades for November for an average of 1,490 trades per day, damming an increase of more than 8% over October;

3,440 first time addresses that had previously never interacted, which means more than 5% increase; 3,166 addresses trading multiple times throughout November (up 21%); and $1,140 (or 7.0. ETH) average size per trade (up 36%).

By another side, volumes continued their strong growth into November in both USD and Ethereum terms with a 47% increase in USD and 62% in Ethereum terms as said the report.

Personally we have been accompanying these statistics month by month and we are really surprised by how each network grows and adoption and usability as well. The vision to decentralize financial and exchange applications really converges a lot towards the future compared to other DApps or DeFis Platforms.

The Most Integration That Surprises Us

Some critics say that Kyber is not a decentralized application, nor that it is a decentralized exchange (DEX) but a decentralized finance platform (DeFi), the truth is that we must understand that the concept of “decentralization” is linked exclusively to the fact of being able to use services anywhere in the world without the need for third parties.

With this clarification we want to get to the point that the future vision of this venture is really to position itself as a decentralized platform (DeFi) where user-friendly services and applications can be offered.

One such application is one that allows the exchange of cryptocurrencies linked to the Ethereum Network within Enjin’s Wallet. Fact that really surprises us a lot for practicality and speed. In minutes and even in a short time we can make exchanges at a low cost.

The previous video shows us how easy, practical and fast to perform a Token Swap.

The truth is that the service of making exchanges between portfolios (Token Swap) became very famous, which made many other companies linked to the cryptocurrency market choose to offer that service to users.

A very particular case was the Ledger company, which now allows users through its physical wallet to carry out atomic exchanges easily and quickly without the need to make transactions between exchanges.

With all this and other innovations, we believe that the future of financial markets will have a 360 degree turn. Basically because we still imagine the great wonder when exchanges between state currencies can be made without the need for intermediaries. A pound, global and decentralized economy.

A Promising But Wonderful Future

The work team in its most recent report, made it clear that for the coming months they will be basically working on the expansion of the network and the update of its largest protocol called Katalyst.

To 2020, as said the report, they will intend to follow up on our progress with 3 key areas of focus in order to further drive value for the decentralized ecosystem:

Cementing Kyber’s position as the liquidity layer for DeFi. Executing on Katalyst — a major protocol upgrade to encourage participation for key stakeholders in the Kyber ecosystem. Expanding value creation options for Kyber Network Crystal holders, and putting them at the heart of Kyber’s governance through the KyberDAO.

After having covered the expansion work of the ICON network months ago, we know the great challenge that the Kyber team has to present in terms of electronic governance, which is one of the most important concepts for the administration of the global network and of its participants.

Technical Analysis Review

By the time this article had been written, the dollar market price for Kyber Network Crystal (KNC) had been reversing, starting at $0.142 cents and reaching a maximum of $0.27 cents and with a correction up to $ 0.195 approximately.

We believe that in the next few days the price can range between $ 0.195 cents and $ 0.221 cents with a strong resistance pointed by the EMA300 in favor of the $ 0.236 cents and a well-marked support by the EMA200 around $ 0.201 cents.

For now, most of the indicators are neutral in relation to the next movements. But we strongly recognize the significant increase in the volume of negotiations in recent days.

Quick Conclusions

We are surprised how the Kyber Network of an idea of developing a decentralized application (DApp) reached the concept of a decentralized finance platform (DeFi). With this we want to highlight the opportunity to integrate other platforms and applications to form a powerful network.

We are also surprised how the decentralized exchange service, together with the swanp token service, make this network, not only an excellent application and platform, but also the fastest and most practical way to perform cryptocurrency exchanges belonging to the Ethereum network in Other platforms and applications.

A recent study asked whether Kyber Network Crystal (KNC) is a good long-term investment and a good project to be considered and presented to the world’s largest investors.

Personally for us, we believe that the market in general is in a good phase to perform some positions and among them, this project may have great potential for the coming months. That is why it can fit into the category as a BestDApp.

See the next story. With Love 💛, Rubikators Team.

Do you really love this article? please don’t forget to tip or clap or leave us your comment to continue producing more content like this.

Receive all notifications for upcoming articles & news, trade strategies, market reports and the best signals in Telegram https://t.me/rubikaventures For Bitmex, Binance, And Forex.

Follow us on Twitter, Facebook, Medium, Publish0x, & Instagram.

Remember, investment in cryptocurrencies or other assets has a moderate risk, so it is important to have a detailed study of the possible scenarios before placing your money at risk.