Kaito AI has experienced a significant 50% increase in price following its recent airdrop launch on Feb. 20.
Kaito AI has experienced a significant 50% increase in price following its recent airdrop launch on Feb. 20. The token, which began trading at $1.12, quickly ascended to $2 before stabilizing around $1.75, marking a notable rise since its debut.
The airdrop positioned Kaito AI as a Web3 information platform and has garnered attention for its performance compared to other recent airdrop projects, including Pi Network and Hamster Kombat. Major crypto exchanges, including Binance, Coinbase, KuCoin, and Kraken, also listed KAITO shortly after the airdrop went live, facilitating increased trading activity.
Kaito AI's tokenomics reveal that 10% of the total supply is allocated for community and ecosystem claims, while 35% is reserved for the foundation and core team. An additional 32.2% is designated for ecosystem growth, and 2% is set aside for Binance’s HODLer program, reinforcing the partnership between the two entities.
Despite the positive start, concerns have lingered regarding the upcoming token unlock scheduled for Aug. 20. This event will release approximately 21.84 million KAITO tokens, valued at around $42 million, potentially impacting market dynamics. Currently, there are 241 million tokens in circulation out of a total supply of 1 billion.
Analysts are divided on Kaito AI's future price trajectory. A rising wedge pattern observed on the price chart suggests a potential bearish signal, with predictions indicating a possible decline toward the $0.87 mark if a breakdown occurs.
Conversely, reaching a price of $5 would require a substantial 180% increase from current levels, necessitating a breach of critical resistance at $2 and overcoming the psychological barrier of $3.
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