NKN

NKN is the new kind of network connectivity protocol & ecosystem powered by blockchain for an open, decentralized, and shared Internet. We motivate users to share network connections, service providers to utilize unused bandwidth, and developers access to global peer to peer networking stack. NKN’s goal is to revamp the $1.4 trillion communication business, where we face many challenges today such as inefficient resource utilization, lack of net neutrality, and centralized network control. By blockchainizing the network layer, NKN is providing the missing third pillar of internet infrastructure just as Ethereum has done for compute and ipfs for storage. Our core technical innovations are dynamic routing, Proof of Relay, highly scalable consensus, and token reward mechanism. NKN is founded by Yanbo Li, former co-founder of Onchain and advised by Dr. Whitfield Diffie, the father of modern public key cryptography and 2015 Turing Award winner. NKN core team members come from Ex-Google, Qualcomm, Nokia, Amazon, and Baidu.

1. NKN Basic Info

2. NKN Technical Info

2.1 NKN Kline Chart Price

2.2 NKN Technical Analysis

Short-term: Expect a period of consolidation with a slight bearish bias. Prices may fluctuate within a narrow range, potentially testing the 0.0490 level.
Mid-term: The trend is likely to remain bearish. Further declines are anticipated, with potential support around the 0.0480 area. Continued selling pressure could lead to lower lows.
Long-term: A sustained downtrend is predicted. Unless there is a significant shift in market sentiment and fundamental factors, the price is expected to continue to decline. The 0.0460 level is a potential target.