The Kaia token continues its steady growth, reaching record levels following significant updates and strategic integrations in its ecosystem.
Record Price Growth of Kaia
On June 20, the price of Kaia significantly increased by 18%, hitting a mark of $0.20. This represents the highest level since January 26, showing a 123% increase from the lowest point this year. The market capitalization of the token reached over $1.2 billion, and the 24-hour trading volume rose by 40% to $136 million.
Tether Integration and Rewards
The success of Kaia's price is significantly linked to the recent integration of Tether on its blockchain, as well as the developers' pledge to support a Korean won stablecoin. Additionally, on June 20, the second phase of the Kaia and Kaito Yapper Rewards program was launched, where users can earn rewards for quality content on social media. It is reported that the total prize pool amounts to $38.2k, including unclaimed rewards from the first phase and new funding of $30k.
Kaia Price Analysis
Price chart analysis shows that Kaia bottomed out at $0.0950 in March, after which the token gradually increased its price. Currently, the token has broken above the key resistance level of $0.1795 reached on June 12, confirming rising demand. With current trends, further growth toward the 50% Fibonacci retracement level at $0.2587 is expected. However, a decline below the support level at $0.15 could shift the bullish outlook.
Overall, Kaia shows significant progress in the crypto market due to community response and strategic partnerships. The integration of Tether and new rewards help attract interest and boost price, making Kaia one of the tokens to watch.
