Kennel coin – Kennel Locker price analysis and outlook
Have you heard about valuable tokens against rug pulls? One of them is Kennel Coin or Kennel Locke. Kennel is a platform that provides secure liquidity pool token locking and has recently announced the launch of its LP locker utility. Let’s see in detail what it’s all about.
What is a Kennel Coin?
Kennel, a promising newcomer in the world of cryptocurrency, has made significant strides in developing its revolutionary LP locker utility. With the support of a skilled team of professionals, Kennel is poised to have an even greater impact in the future.
Furthermore, Kennel coin aims to further improve its utility by introducing innovative and fresh features for its users. In addition to the LP locker, Kennel is actively exploring other avenues of growth, such as staking pools and yield farming, which have garnered immense popularity among cryptocurrency enthusiasts.
Kennel has plans to integrate with Shibarium, an emerging blockchain network that aspires to become a central hub for decentralized finance and other applications based on blockchain technology.
Kennel is the primary token for TheTokenKennel.com, granting users access to unique site features like staking and IUO participation. The platform offers projects the advantage of setting up staking pools that require fewer tokens for rewards compared to other similar platforms. As a result, projects that integrate with TheTokenKennel experience increased long-term staking and reduced selling pressure.
With a low fee structure, Kennel offers a cost-effective way to lock liquidity pool tokens while also providing flexibility and liquidity for investors. By holding Kennel tokens, investors participate in the growth and development of the platform, while also securing their liquidity pool assets.
KENNEL Price Statistics
Kennel Price $0.000000059063
24 hours Low / 24h High –
7d Low / 7d High –
All-Time High $0.00003533
Mar 04, 2023 (6 months)
All-Time Low $0.000000021891
May 31, 2023 (3 months)
Fully Diluted Valuation $5,911.49
The Role of Kennel Locker (KENNEL)
KENNEL acts as the core cryptocurrency of the Kennel Locker system, and post the launch of Shibarium, it will serve as a bridge currency for Shibarium-rooted coins and tokens.
KENNEL’s utility allows for smooth conversion and protection of liquidity provider tokens. This ensures that users can reclaim their assets as KENNEL, irrespective of any unforeseen disruptions on third-party platforms they’ve engaged with.
Anticipated future collaborations with Kennel Locker will also allow users to directly store their liquidity tokens, enhancing the utility of KENNEL as partnerships expand.
Users can also participate in traditional staking practices, depositing KENNEL to reap additional KENNEL as rewards. Moreover, KENNEL can be used for fee payments on the Kennel Locker platform, qualifying for fee reductions.
The KENNEL cryptocurrency incorporates a 5% transaction fee. Instead of benefiting the development team, this fee is channeled towards promoting Kennel Locker and for its subsequent enhancements.
Lastly, the Kennel Locker group is poised to roll out a DAO governance model. In this framework, KENNEL token proprietors will have the opportunity to present suggestions and participate in decision-making.
Kennel Coin Price Predictions
2023: Kennel Locker is projected to have a price between $ 0.0₇5770 and $ 0.0₇9660. If it hits the top mark, its value might rise by 45.62% to $ 0.0₇9660.
2024: The expected range for Kennel Locker is from $ 0.0₇5770 to $ 0.0₆1527. If it achieves the highest predicted value, KENNEL could surge by 130.14% to reach $ 0.0₆1527.
2025: For this year, predictions indicate a price range between $ 0.0₆1292 and $ 0.0₆5210. Should it touch the upper limit, Kennel Locker might see a spike of 685.33% to $ 0.0₆5210.
2030: Kennel Locker’s price is forecasted to fall between $ 0.0₆3746 and $ 0.0₆4742. An ascent to the top value would denote a 614.79% increase, setting the price at $ 0.0₆4742.
$0.01 Target: For Kennel Locker to reach $0.01, it would need a colossal gain of 15,073,852.64%. Our prediction model, however, doesn’t anticipate such a climb. The most optimistic price estimated by our algorithm is $ 0.0₅4653 by the beginning of 2049.
$0.1 Target: An even more ambitious target, reaching $0.1 would necessitate a jump of 150,739,426.36%. Again, our algorithm doesn’t see this happening, with the peak forecasted value being $ 0.0₅4653 by January 1, 2049.
Kennel Coin FAQ Summary
Kennel can be bought on BINANCE for trading or investment purposes.
Current Price: As of today, its value is $0.00000006586, which is an average from over 70 decentralized exchanges.
The expected price by the end of 2023 is roughly $0.0000000693.
1-Year Forecast: In a year, the projected price is $0.00000007623.
Kennel might not be a wise short-term investment, but it shows promise for the long term.
The potential minimum value of Kennel might hit $0.00000003751.
Potential Peak: In the future, the price could surge up to a maximum of $0.0000004639.
How Kennel Locker (KENNEL) Operates
In detail, the KENNEL token is integrated into the Kennel Locker DeFi system and will act as an instrument for Shibarium and Ethereum liquidity suppliers to safeguard their tokens against unforeseen losses and potential breaches.
It protects tokens against rug pulls, which is a common problem in decentralized finance (DeFi)
This essentially guarantees that users’ liquidity tokens remain protected in the Kennel Locker environment even if an associated DeFi initiative collapses or is exposed as fraudulent.
Ethereum blockchain kennel functionsFu as an ERC-20 token, the Kennel Locker platform is seamlessly compatible with other ERC-20 liquidity tokens. The project’s creators are keen to collaborate with leading DeFi protocols on Ethereum and Shibarium, making it easier for users to obtain liquidity rewards while having their tokens securely stored in Kennel Locker.
Given the proliferation of DeFi platform breaches and fraudulent schemes, this feature is particularly beneficial.
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