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#KNFT At the beginning of KNFT, when its team announced a security protocol, new partnerships, and a bug bounty program on April 1, 2024, it raised hopes among investors that the platform would remain secure and technically advanced. However, in a short time, due to excessive market volatility and diminished investor expectations, the value of KNFT began to decline rapidly.
After that, KNFT saw its all-time high of approximately $0.82( drop by approximately 99.99%. Despite initial enthusiasm, the volatility of the crypto and NFT market, speculative investment, and extensive market pressure pushed down KNFT's value. Various technical analysis tools and experts' predictions indicate that its current price is trading at a few micro dollars ), around $0.000079(, with signs of slight increase or decrease in the near future.
Some platforms suggest that if there are new positive news in the project, user growth and technical improvements, gradual improvements in sentiment can be seen. Meanwhile, many technical indicators such as Moving Average, RSI, MACD and social media comments indicate that both optimistic and pessimistic trends are still present in the market.
In this way, despite the initial steps taken to be positive in the history of KNFT, its value plummeted rapidly due to the harsh realities of the market and the lack of trust from investors. Hope for improvement in its value in the future will remain until there is solid development in the project, new partnerships, and restored confidence of users. But for now, it remains an extremely unstable and risky investment.)(