This is how Kaito can avoid a regulation concerning $1.09

Kaito Token (KAITO) has broken out of the long-term falling channel, reaching a two-month high of $1.56 before correcting back.

At the time of writing, KAITO is trading around $1.24, falling 7.5% in 24 hours. However, this token has still increased by 26.28% in the past week.

Let's find out what triggered this wave of volatility!

Kaito Capital Launchpad drives growth momentum

7 weeks after launch, Kaito Capital Launchpad has shown rapid growth.

According to KaitoAI, this Launchpad platform has recorded 170 million in committed allocations and completed 7 projects. On September 8th, PlayAI Network launched with a goal of raising 2 million at a fully diluted valuation of (FDV) 50 million.

One day later, PlayAI confirmed that their public sale was 100% unlocked at TGE, according to an official announcement from Kaito on X (formerly Twitter). PlayAI also received support from big names such as Brevan Howard, Jump Crypto, and Polygon Ventures.

Other Launchpad projects include the Everlyn AI Video model and Boundless, both of which quickly “sold out” right after their launch on September 2nd. Thanks to these milestones, the total committed value on the Kaito Capital Launchpad has reached 170 million dollars, providing significant benefits for the platform's native TOKEN.

Expanding beyond “Yappers”

Kaito has begun to expand beyond his social community “Yapper,” entering the fields of fundraising and identification. Nevertheless, Yappers still play a core role in the ecosystem of the project.

Source: DuneData from Dune shows that there are over 200,000 active Yappers monthly, reflecting a stable level of participation.

Kaito also reported an annual network fee of $41.3 million and over 700 teams using Kaito Pro along with its API.

Will the uptrend be maintained?

According to the analysis, Kaito has surged due to increased activity on the Kaito Capital Launchpad. As a result, this altcoin has attracted significant capital flow from external investors participating in new projects.

The result is that the Relative Strength Index (RSI) of this altcoin has risen to 65 at the time of writing, after creating a bullish crossover two days ago, indicating that buying pressure is very strong.

Source: TradingViewAt the same time, the +DI (Positive Index) in the Directional Movement Index (DMI) of KAITO surged to 45, then adjusted to 37 at the time of writing.

If the capital flow continues and the network growth momentum is maintained, KAITO could retest the level of $1.56 and aim for $1.78. However, if the momentum from the Launchpad weakens or projects are stalled, a correction to $1.09 is still likely to occur.

Dinh Dinh