As many have seen recently KuCoin coins have been in the red. Trade volume is declining due to falling coin prices on alts, especially alts that are not on first page.
This is basically a flight to safety, as the market weakens. However, a reverse will be coming, when the market recovers. For that to happen, BTC needs to rally up and then consolidate; only then will alts follow. By then it will be too late to buy Kucoins. I am trading some of my long time NEO stack for Kucoins today, adding to my Kucoin stack.
Another reason is BCD, many people cannot deposit to KuCoin at the moment. They are feeling FOMO so instead they sell their other stacks on KuCoin to catch the BCD run up. The BCD run up should settle within the next week.
With so many new additions of popular new coins I think Kucoin has the potential to outperform the overall market quite a bit when alt coins turns around!
More users will be joining KuCoin as NEO continues its upward trend. KuCoin Exchange supports GAS generation which is a major contributor to NEO. Many other exchanges will not give you your GAS that NEO generates.
In addition they also have their own KCS token (KuCoin Shares) which will pay out a dividend everyday based on the fees collected by the exchange. It will also lower the fees you pay on the exchange. It had an ATH ~$20 and now it is trading in the $11-$13 band. This is guaranteed to rebound as KuCoin Trading Volume increases again!
Referral Link: https://www.kucoin.com/#/signup?r=E5i24V
Happy trading and Happy 2018 :)
