Kaito rose no less than 42% today and started a strong meeting in the midst of rising investor interest driven by new partnerships and growing community rewards.
Kaito (Kaito) arrived on May 7 on May 7 on May 7 to hit an intraday height of $ 1.17 before he cooled a little to around $ 1.13 per press. That is almost a profit of 70% compared to the low point of last month. Market capitalization has also exploded and was in more than $ 273 million.
From 7 May, morning Asian time, the daily trade volume was 340% higher than the previous day at more than $ 317 million, indicating a major increase in commercial activity.
The increase followed in recent days a strong increase in the open interest in the Futures, which reached a high point of 2 months of $ 103 million, a way of around $ 37.7 million just a month ago, per facts van Coinglass. The simultaneous price increase and open interest usually indicates the strengthening of the bullish sentiment.
The recent price butt of Kaito Crypto seems to be the renewed attention it gets after Kaito has integrated the Yapperboard from Huma Finance prior to his TGE. Yappers are users who actively post and go on X with crypto-related content and they earn rewards through the Kaito platform.
According to the announcementIncident Yappers will receive special rewards, probably in tokens such as Kaito or even humas upcoming token or ecosystem benefits, for increasing the consciousness of Huma Finance.
Momentum was already high after Kaito founder Yu HU, in a post of 5 times, announced that they kick off the ‘Earn and Drop’ season with the first collaboration with Payfi Network Bop.
In addition, the project recently added Total value distributed data to its dune analysis sashboard, which gives more transparency to how rewards flow over the ecosystem.
Dune facts Show that more than $ 71 million in rewards have already been divided among Yappers, strikers and hodlers in the ecosystem, excluding the Kaito AirDrop. The project now also has more than 200,000 monthly active Yappers, which shows strong community growth.
In the meantime, a glance at Coinglass reveals that investors have taken more than 2 million Kaito -Tokens from stock exchanges in the last 30 days. This withdrawal trend refers to accumulation by holders, which contributes to the positive sentiment.
Kaito Price Analysis
On the USDT graph of 4 hours, Kaito broke out above a falling parallel channel yesterday, a movement that suggests that the downward trend might be over and bulls take the lead.
Before that, Kaito was already broken from a falling trendline of several weeks, which contributed to the Bullish Momentum.
The purchasing pressure is also displayed in the indicators: the Chaikin money flow has risen to 0.21, which indicates a stronger question, while the Aroon is up at a high 97.86% and the Aroon is down at 0%, which shows that buyers clearly dominate.
With this set -up, Kaito may be on schedule to re -test the psychological resistance of $ 1.50 that will be renewed in March, which is about 32% higher than where it is now being traded.
However, market commentators remain optimistic that the rally could extend even further, so that it could possibly reach $ 1.75, thanks to a rounded soil pattern that appears on the 1-day graph, a large bullish in technical analysis.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
