After what appears to be a multi-day bull run for most cryptocurrencies, the momentum may be coming to end fairly soon. Some of the top markets are already dipping in the red, which usually doesn’t bode too well for alternative offerings.  As some markets struggle, others will continue to soar. The KuCoin Shares price, however, is getting battered on an hourly basis at this point.

KuCoin Shares Price Tanks Hard

Some of the top cryptocurrency exchanges have issued their own tokens or asset in recent years. Binance Coin gets most of the attention, although KuCoin Shares has also garnered a strong following. Its current price trend, however, is rather bleak, as this market notes the biggest losses in the entire market cap top 50. The current value doesn’t accurately reflect some of the developments taking place behind the scenes. The big question is whether or not those changes will impact KCS’s value in a positive manner.

Following a net 20% loss in USD value and a 21% decrease over Bitcoin, it seems the KuCoin Shares…

Click to continue reading on its source location…

Source: https://themerkle.com/kucoin-shares-price-tanks-further-despite-buyback-announcement/