Kibho Coin Price Prediction

The crypto market has been dominating in recent years, disrupting traditional financial systems and revolutionizing various industries. One sector that has been significantly impacted by cryptocurrency is multi-level marketing (MLM). MLM companies have started to recognize the importance of cryptocurrency in their business models, not only as a means of financial transactions but also as a powerful tool for marketing and growth. Cryptocurrency allows MLM companies to seamlessly conduct global transactions without any hindrances. This enables MLM businesses to expand their reach and recruit members from across the globe with ease. Moreover, by offering cryptocurrency-based compensation plans and bonuses, MLM companies can attract individuals who are already familiar with the benefits of digital assets. 

One such cryptocurrency is the Kibho coin, which has gained significant attention in recent months in the Indian crypto market. In this article, we’ll discuss Kibho coin’s current market performance, its buying demand, and future market trajectory from Kibho coin price prediction. 

Kibho Coin: A Quick Introduction 

Kibho is a cryptocurrency-based network marketing concept known as Bmmu and Kibho Technologies Pvt Ltd in India. The firm’s central office is situated in Visakhapatnam, and it is officially registered with the Ministry of Corporate Affairs (MCA). The company was established on May 28, 2020, by KM Venkatrao and Nirmala Kilaparthy.

In addition to Kibho Coin, the company offers various online products such as K Xchange and Wallet. Its vision includes launching platforms like Kids Talent, K-Dish DTH, and K My Needz. The company conducts its entire business operations through Kibho Coin, whose value experiences fluctuations.

The official website of Kibho Coin, kibho.in, attracts approximately 3.2 million monthly visitors, with the majority of this traffic originating from India. Joining Kibho is a straightforward process. You can start by registering on the company’s website, where you’ll be required to provide your name, address, contact number, and some additional details. Alternatively, you can reach out to an existing Kibho associate for further information.

To become an associate yourself, you’ll need to acquire Kibho Coins valued at Rs 500 from the company. These Kibho Coins can be purchased either through their K-Wallet or Trust Wallet platforms.

Kibho: Earning Opportunities And Roadmap 

As Kibho operates as a multi-level marketing (MLM) company, its entire business strategy is built upon the MLM model. In this context, individuals aiming to maximize their earnings with Kibho must become part of their downline. Consequently, those who successfully achieve this can receive a commission in return. The platform offers these commissions in the form of its native token, the Kibho cryptocurrency.

Ad View And Referral Income

Regarding referral income, an individual becomes eligible for this benefit upon creating an ID within the Kibho platform. The earnings a person receives are contingent upon their direct referrals and the referral level. When someone introduces another person to the platform through direct referral, and the newly registered individual activates their account with INR 500, a commission becomes attainable.

An individual can accrue commissions across approximately twenty-five downline levels. On the 1st level, one receives thirty Kibho tokens, and when they refer individuals to the 2nd level, they can acquire 45 tokens, and so on, extending up to 25 levels. Additionally, individuals can generate income by simply viewing advertisements on the platform.

In this scenario, a person who regularly visits the website and engages with the ads can earn 2 Kibho tokens per view. Consequently, by consistently watching the company’s advertisements throughout the month, one can easily accumulate 60 Kibho tokens while following the monthly income plan.

Minting Income And Bonus 

When an individual makes a purchase from Kibho Mart, they receive a maximum discount of 20 percent, along with a 20 percent cashback provided in the form of Kibho Coin. Additionally, the platform offers awards and rewards based on a person’s level of achievement, designed to enhance both the platform’s growth and its distributors’ success.

Under the “Gift” income category, if a person successfully activates sixty-six accounts, they are awarded “Voucher 1,” which includes a smartphone. Upon reaching the next level by activating 132 accounts, they qualify for “Voucher 2,” comprising a bike. Furthermore, upon achieving the activation of 1584 accounts, “Voucher 3” is provided, containing a car.

These rewards and incentives play a significant role in motivating individuals to actively participate in the Kibho platform and contribute to its expansion.

Kibho Coin Price Prediction: Price History

According to on-chain data, the journey of Kibho coin in the cryptocurrency market began on the 17th of March 2023, with an initial trading price of ₹1454.8. During the initial month, March, the price displayed relatively low volatility, hovering around this starting value for an extended period.

However, as April dawned, a notable surge in trading activity was observed, sending the Kibho coin price toward its resistance levels. In the early days of April, the price surged above the ₹1660 mark, initiating an exponential ascent. The coin’s value reached a remarkable high of ₹2231. However, the market’s enthusiasm tumbled at these higher price levels, resulting in a sharp price correction. This correction led to a dip in the Kibho coin’s value, ultimately hitting a low of ₹1992 on the 11th of April. The decline persisted, and by the 21st of April, the coin had retreated to ₹1743.

May brought renewed interest to the Kibho coin as buying demand surged, reversing its previous trend from ₹1660. During this period, the coin achieved multiple highs, peaking at ₹3237 on the 10th of May. It then maintained a bullish trajectory, revisiting the ₹3071 peak a few days later. However, this bullish rally turned out to be short-lived, as a substantial decline followed.

The downward trend in the Kibho coin’s price continued into the final week of May, with the value dropping to ₹1079 on the 2nd of June. As the month progressed, the price experienced further declines, eventually falling below the significant psychological milestone of ₹830 for the first time.

Kibho Coin: Technical Analysis 

Recently, the Kibho coin price experienced extreme bearish activity, which intensified selling pressure near immediate resistance levels. Despite gaining buying attention in the past few months, the coin failed to bring enough buying pressure to hold near current price levels. As a result, amid the crypto market downturn, sellers are heavily liquidating their positions, bringing downward pressure on Kibho coin. After breaking below the ₹830 mark, Kibho’s price sparked an intense selling momentum and dropped further below. Kibho price is currently experiencing mixed volatility in the market following low liquidity and trading activity, as seen on the daily price chart. However, currently, sellers are looking to create pressure on the price as it tumbles near critical support levels. A thorough technical analysis of the Kibho coin price reveals bearish indicators, which may soon plunge the token to its lowest levels.

The Kibho coin price is currently trading at ₹498, reflecting a decrease of 0.3% in the last 24 hours. Our technical evaluation of Kibho’s price indicates that the current bearish momentum may soon intensify as bears are attempting to plunge the asset below the bearish channel; however, bulls are trying to prevent the price from dropping below the critical support level of ₹415. Examining the daily price chart, Kibho coin’s price has found support near the ₹396 level, from which the price is set to make a bullish reversal. As Kibho’s price declined and now trades below the EMA20, bears are gaining confidence to open further short positions and send the price to test its resistance at ₹415. The Balance of Power (BoP) indicator is currently trading in a positive region zone as buyers are losing their domination on the price chart.

To thoroughly analyze the price of the Kibho coin, it is crucial to take a look at the RSI-14 indicator. The RSI indicator recently experienced a decline as the coin’s price struggled to trade above ₹830. The trend line is currently trading around way below the midline as it hovers around the 36 level, hinting that a further downward correction is on the horizon. However, Kibho’s strong buying defense below ₹415 is building interest in the dip among buyers. It is anticipated that KBO’s price will soon attempt to break above its 23.6% Fibonacci level to achieve its short-term bullish goals of around ₹830. If bears fail to plunge below the current ₹3.154 Fibonacci region, a skyrocketing trend might be on the horizon. As the SMA-14 continues its upward swing, it trades slightly below the RSI line, potentially holding concerns about the coin’s downward movement on the price chart. 

If Kibho fails to hold above the critical support level of ₹415, a sudden collapse may occur, resulting in further price declines and causing the Kibho price to trade near the Bollinger band’s lower limit of ₹249. If the price fails to continue a trade above, it may trigger a more significant bearish downtrend to ₹99.6. Conversely, if Kibho’s price continues to surge, it can pave the way to resistance at ₹830. A breakout above will drive the coin’s price toward the upper limit of the Bollinger band at ₹1,079.

Kibho Coin Price Prediction By Blockchain Reporter 

Kibho Coin Price Prediction 2023

In 2023, Kibho Coin’s price is expected to average around ₹300. The minimum price for the year is projected to be approximately ₹240, while the maximum could reach ₹600. These estimates consider the current market conditions and the potential growth of the Kibho ecosystem.

Kibho Coin Price Prediction 2024

For 2024, Kibho Coin’s price is anticipated to show growth, with an average price of about ₹350. The minimum price for the year might be around ₹290, and the maximum is estimated to be ₹650. This forecast takes into account the coin’s adoption and technological advancements.

Kibho Coin Price Prediction 2025

Moving into 2025, Kibho Coin is predicted to have an average price of ₹400. The minimum price for the year could be approximately ₹340, while the maximum might reach ₹700. This projection reflects the coin’s expanding user base and increased utility.

Kibho Coin Price Prediction 2026

In 2026, Kibho Coin’s price is expected to continue its upward trend, averaging around ₹450. The minimum price for the year could hover at about ₹390, and the maximum might touch ₹750. This estimate considers the coin’s growing popularity in the crypto market.

Kibho Coin Price Prediction 2027

For 2027, Kibho Coin’s price is projected to average approximately ₹500. The minimum price for the year might be around ₹440, and the maximum is estimated to be ₹800. This forecast accounts for potential partnerships and developments in the Kibho ecosystem.

Kibho Coin Price Prediction 2028

In 2028, Kibho Coin is expected to have an average price of ₹550. The minimum price for the year could be approximately ₹490, while the maximum might reach ₹850. This projection is influenced by the coin’s increasing adoption in various industries.

Kibho Coin Price Prediction 2029

Moving forward to 2029, Kibho Coin’s price is predicted to average around ₹600. The minimum price for the year might hover at about ₹540, and the maximum could touch ₹900. This estimate considers the coin’s role in global financial transactions.

Kibho Coin Price Prediction 2030

In 2030, Kibho Coin’s price is anticipated to have an average of ₹650. The minimum price for the year could be around ₹590, and the maximum is estimated to be ₹950. 

Kibho Coin Price Prediction 2031

For 2031, Kibho Coin’s price is projected to average approximately ₹700. The minimum price for the year might be around ₹640, and the maximum is estimated to be ₹1,000. This projection accounts for potential regulatory developments.

Kibho Coin Price Prediction 2032

In 2032, Kibho Coin is expected to continue its growth, with an average price of ₹750. The minimum price for the year could hover at about ₹690, and the maximum might reach ₹1,050. 

Is Kibho A Scam Project? Should You Invest?

After conducting a thorough examination, it has become evident that the Kibho Coin website exhibits numerous alarming indicators that cast doubt on its authenticity as a legitimate company. Let’s dive into each facet of Kibho Coin for a comprehensive evaluation.

Poorly Developed Website

When scrutinizing Kibho Coin, it becomes apparent that their website is poorly designed. This deficiency raises valid concerns regarding the company’s professionalism and legitimacy. Furthermore, the certificates and evidence presented within their application appear to be counterfeit, thereby highlighting a troubling lack of transparency and credibility.

Inactive Social Media Presence

Moreover, the conspicuous absence of active social media accounts serves as a significant red flag. Legitimate technology companies typically maintain a robust online presence to engage with their clientele and bring trust. The dearth of social media activity gives rise to suspicions about the authenticity and intentions of Kibho Coin.

Overly Attractive Investment Plan

Another cause for apprehension pertains to the exceedingly attractive investment plan put forth by Kibho Coin. This tactic is often employed by unscrupulous actors to entice unsuspecting individuals into their schemes. It is of utmost importance to exercise vigilance when encountering such offers, as they are typically designed to ensnare and exploit individuals for personal gain.

Declining Coin Value

While Kibho Coin is actively promoting the demand for its coins through its MLM plan, the intrinsic value of these coins remains questionable. There is no discernible project or technology underpinning Kibho Coin, no proper roadmap, and its associated wallet, K-Wallet, is notably rudimentary, lacking unique features.

Money Circulation Scheme

Kibho Coin’s money-circulation scheme means that the company retains full control of all funds, precluding users from making withdrawals. This arrangement carries inherent risks for investors, as only a mere 1.66% of the total coins can be withdrawn. Consequently, users face considerable difficulties in accessing their investments, rendering this venture inherently risky.

Company Dominance in Commission

Another glaring issue with Kibho Coin is the company’s complete dominion over all commissions, with users unable to withdraw their earnings. A paltry 1.66% of the total coins are accessible for withdrawal, severely limiting users’ ability to retrieve their funds. This scenario exposes investors to potential losses should the value of Kibho Coin depreciate or if the company ceases operations, raising significant concerns about transparency and financial stability.

Absence of Genuine Investors

Furthermore, the lack of external investors in Kibho Coin, coupled with the absence of notable technological advancements, significantly lowers the company’s credibility and brand value.

Conclusion

When considering whether to become involved with Kibho, it is crucial to consider a number of critical factors. Firstly, the absence of external investors significantly devalues Kibho Coin. With limited interest from genuine investors, your investment is likely to remain stagnant and locked in for an extended duration. 

Additionally, the utilization of an MLM (Multi-Level Marketing) strategy by Kibho gives rise to concerns about the Ponzi scheme. Such schemes heavily rely on ongoing recruitment to sustain their financial structure, a practice that may prove unsustainable over the long term.

Given these considerations, it is strongly recommended to abstain from any association with Kibho. By doing so, you can safeguard your hard-earned finances and precious time from potential risks and uncertainties.

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