Crypto Tidbits

KIN Coin was created in September 2017 as an ICO by the Canadian social media company called KIK. They make a chat app but with more features than the chat programs of old. KIK allows you to be more interactive within your social network of friends by playing games or sharing news media within the chat to those you chose.
KIK is now allowing for creators to deal directly with consumers without the need of a third party advertiser through the creation of its KIN coin and the recent release of the KINIT app for Android (Apple IOS is coming soon) in the USA only. KIN is an ERC20 token that for now will be used in the KINIT app to incentivize consumers who interact with a particular retailer by answering surveys, watching videos and other interactive means.

The company KIK plans to integrate the KIN Coin into their KIK app later this year. This should help give KIN Coin exposure to KIK's approximately 15 Million app users worldwide. The KIK app is used by the younger next generation teens to early twenties crowd introducing then to cryptocurrency through KIN Coin. This could also help introduce KIK's services to the typically older cryptocurrency crowd, making it a win win and a win should the price of KIN reflect that with a nice price surge.

A friend of mine recently signed up on his Android phone for the KINIT app. He said it was very simple and quick and in a few days has already earned about 200 KIN. Now based on the current KIN price, that is like 4 cents, so peanuts right? Well, currently on the KINIT app they are valuing KIN at $0.01 or 1 cent, making his 200 KIN about $2 worth, on the KINIT app only.

I have seen someone on reddit mention that they received a $5 dollar Amazon Gift Card through the KINIT app. So if you are in the USA, and are into UBER Gift Cards, or Amazon Gift or even Dunkin Donuts Gift cards, and others, then this might be something you want to look into. Also, the founder of KIK, Ted Livingston just got a mention on Fortune.com.

The Bitcoin Bounce

And as for Bitcoin, a nice up turn pushing past the significant price level of $6000. I find $6000 to be significant because prior to last year meteoric Bitcoin price bull run, it hit about $7400 then retraced back down to $6000. It then continued back on its way up before stopping at around $19,500 in mid December of 2017. Then the Bitcoin price price began a slow but steady decline downward. There were many ups and downs in prices, but the trajectory was mostly down, when it bottomed on February 5th, 2018 to about $6100. Bitcoin proceeded to climb out of that bottom to hit around $11,000, twice, before again slowly retreating back down again. The Bitcoin price hit of around $5900 twice late last month in June. Bouncing off those lows into the $7800 territory is in my opinion a bullish sign for the Bitcoin price. If, and a big IF, the Bitcoin price should act anything like it did the second half of last year, then the price of $8000 - $8200 should be significant. Last year, when it hit this price range it went sideways for about a week around mid November before significantly shooting up to $19500 exactly one month later on December 16, 2017.