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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
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ethereum
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binancecoin
BNB (BINANCECOIN)
$870.96 0.84%
solana
Solana (SOLANA)
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ripple
XRP (RIPPLE)
$2.98 -1.15%
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Shiba Inu (SHIBA-INU)
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pepe
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KAIA Price Prediction: KAIA Eyes $0.20 Amidst Strong Ecosystem Growth

Highlights:

  • KAIA is making higher lows along a bullish channel
  • Continuation of bullish momentum could push KAIA $0.20 soon
  • Confluence of positive developments within KAIA could sustain momentum

KAIA (KAIA) is one of the top 100 cryptocurrencies by market cap, showing upside momentum today. In the day, KAIA has gained by 11.16% to trade at $0.160. KAIA trading volumes are also on the rise. They are up by 336.96% to stand at $33.93 million. This is a strong signal that bulls are taking control and could push KAIA higher in the short to medium term. The odds are high that KAIA could keep outperforming other top 100 cryptocurrencies in the market, at least in the short term. 

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KAIA Adopted By UpBit for USDT Transactions

One factor supporting KAIA’s rising momentum is the adoption by UpBit, the largest cryptocurrency exchange in South Korea. Upbit recently announced that it was enabling USDT transactions on the KAIA network. This has pushed up investor excitement around KAIA due to its potential to increase network liquidity and broaden user access to the KAIA network.

The market is also excited that they went with KAIA out of the many layer-1s that UpBit could have chosen. This gives the impression that the KAIA L1 is strong and sustainable and could soon attract even more investor attention. The result is that the price could keep surging higher as well. 

KAIA Roadmap Excites Investors, Adds Bullish Momentum

Besides the adoption by a top cryptocurrency exchange, many technical developments in the KAIA network are putting it on investors’ radar. The KAIA Foundation has developed an exciting roadmap that will make KAIA one of the most competitive L1s going into the future. One part of the roadmap is the revamp of the validator incentive model. The new model links the rewards that validators get to network performance. This is a big deal as it puts KAIA on a natural course to constant network reliability and growth towards decentralization over time.

KAIA Foundation’s Incubation Program Driving Bullish Momentum

Another aspect of the roadmap that is exciting the market is the Dapp incubation program. Under this program, projects looking to build in key areas such as DeFi, gaming, and decentralized digital identity will receive funding. The KAIA Foundation has already given grants to early-stage teams that are working in these areas. The result is that, in the future, KAIA could see an explosion of innovative projects running on it. By extension, the demand for KAIA will go up, which could reflect in the price over time.

KAIA Integration with Chain Analysis Could Draw Institutional Money

KAIA’s rising demand also has a lot to do with a recent move to integrate with Chain Analysis. Through this integration, anyone will have access to newly issued KAIA tokens. This is a big deal as it makes the KAIA network more transparent. It is a factor that could help KAIA start to attract institutional capital. It also explains why, at a time when most of the market is sideways, KAIA is showing strength and has been going up continuously for over a week.

Technical Analysis – KAIA Price Making Higher Lows In a Bullish Channel

KAIA is making higher lows in a bullish channel after bouncing off the $0.138 support on August 22. KAIA’s price action at the moment indicates that every price dip is being bought up.

KAIA
Source: TradingView

If bulls sustain this momentum, the key level to watch will be the intraday high of $0.166. If bulls push the price through $0.166, then a rally to $0.20 could follow. On the other hand, if there is a correction, KAIA could target $0.152, a critical intraday support level.

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