Kaito Ai, a leading crypto AI -token, has seen a huge price jump of 50% after the launch of the AirDrop. Despite concerns about token distribution, Kaito AI has performed better than other recent airdrops such as Pi -Network and hamster kombat. With large exchanges that support it, many wonder, can Kaito Ai keep this momentum?
Kaito Token launches positive
The Kaito AI project officially launched its airdrop claims on 20 February and positioned itself as a revolutionary Web3 information platform. Although some feared that insiders who sell their tokens can push the price, Kaito has remained strong so far.
However, the token started to act at $ 1.12 and rose quickly to $ 2 before he withdrew something to arrange around $ 1.75. This is an impressive 50% increase since the launch.
Shortly after the AirDrop went live, Kaito was mentioned on large crypto exchanges. Within just an hour, leading platforms such as Binance, Coinbase, Kucino and Kraken opened the trade for token.
Kaito -tokenomics and future care
According to Kaito AI’s Tokenomics10% of the total offer is assigned to community and ecosystem claims, 35% are reserved for the foundation and core team and 32.2% are devoted to ecosystem growth.
Moreover, 2% of the range is reserved for the Hodler program of Binance, which strengthens the ties between Binance and Kaito AI.
An important care is the upcoming token -discharge on August 20, which will release 21.84 million Kaito -Tokens worth around $ 42 million. With 241 million tokens in circulation from a total stock of 1 billion, dilution remains a possibility.
What is the next step for Kaito Price
Although the strong start of Kaito AI is promising, some analysts predict a potential price correction in the coming weeks.
An important technical pattern that forms on Kaito’s price chart suggests the possibility of a decline. The token has developed an increasing wedge pattern, a well -known bearish signal. If a breakdown occurs, the price from Kaito can fall to $ 0.87.
On the bullish side, for Kaito to reach $ 5, it would need an increase of 180% of the current levels. This can happen if the token breaks above the key resistance at $ 2 and the psychological barrier exceeds $ 3.
Credit : coinpedia.org
