Is BitKan A Good Investment?

Introduction

BitKan (KAN) is a cryptocurrency that operates on the Ethereum platform. The KAN can be used and circulated in various scenarios to serve the community's value incentives and sharing economy and ultimately construct the K Sites cryptocurrency ecological mechanism. The total amount of KAN will be 10 billion, which will not be increased in the future and contains three parts: 

• institutional fund-raising
• core team reserved
•  operating expenses.

BitKan provides quotations and candlestick charts of more than 2,200 kinds of cryptocurrencies, and its wallet provides services for digital asset transfer. BitKan provided a stable and secure wallet service for the assets of 170,000 users. In the future, BITKAN will be built into a community-level service complex in the era of Blockchain-based on its profound user base and excellent industry resources

How Does BitKan Work?

BitKan Token (KAN) is an ERC-20 compliant Ethereum based token developed by BitKan cryptocurrency exchange. The KAN can be used and circulated in various scenarios to serve the community's value incentives and sharing economy and ultimately construct the K Sites cryptocurrency ecological mechanism. There are two different ways to buy KAN: premium memberships can purchase BitKan, and KAN tokens will reward experts and individuals who produce quality content.

Financial Analysis

Based on reports, KAN's Return On Investment (ROI) over the past year was 23%. However, similar projects provided its investors with 16 times more profit in the market, which is reported 358%. Also, KAN underperformed in comparison to the top 1500 projects of the market average ROI. The top 1500 projects of the market saw an average ROI of 2,854% over the same period. You can have Free access to our full ROI report on our website.

Talking about market capitalization, at the date of writing this post (10/04/2021), KAN is ranked 689 among all crypto projects in the market, with an approximately $26 million market cap. Our data shows that KAN's ranking followed an exponential increase in August 2021 and it reached the 587th score in the market. However, on Aug 11, 2021, the KAN token experienced a decline in its market cap rank and price. Also, its liquidity score is 24% below the market's average score, which means that you might face challenges selling your KAN if the market is falling.

Almost like its market capitalization ranking, overall, KAN's price started to increase on Aug 6, 2021, peaking at $0.013 on August 08. Then, it started its downtrend, and currently, its price is about $0.002. Another critical factor in determining the success of a project is gaining public attention. Our data indicate that KAN's Twitter account followers saw a growth of 33% over the last months, increasing from 3400 to 4600, at the time of writing this post. KAN's popularity on Telegram increased considerably over the same period, and it is reported at 384%. However, the growth of Reddit subscribers was zero over the last months.

Is BitKan the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.