$1.9M Cap Kaia Coin Up 100% In Days – What’s Behind The Rally?

So why were Kaia prices on crypto exchanges so buoyant recently?

It could be a combination of competitive advantages in this crypto-economy that promises more fundamental value per unit of its currency and a general uptick in public services for the Web3 ID layer to provide blockchain identity services.

Klaytn, the Web3 GameFi and metaverse dev team behind Kaia, recently changed their stock symbol. On October 31, he changed the name of the KLAY tokens to KAIA. The change coincided with a merger between the blockchain coin economies Klaytn and Finshcia.

$KLAY ➡️ $KAIA incoming ticker change!

On October 31, KLAY’s ticker will officially rebrand to KAIA on all major services.

Some exchanges may update at different times depending on internal policies.

More details here https://t.co/3SXGk4AqkC

— Kaia (formerly Klaytn and Finschia) (@KaiaChain) October 17, 2024

Kaia Coin climbs into the top 100 cryptos

The recent merger between the Klaytn KLAY blockchain and the Finschia LINE platform has been a shot in the arm for the newly created KAIA tokens. The teams hope that integrations and new development will soon make this Web3 currency work.

As part of the merger, Line, a Japanese messaging app with 196 million active users, plans to open 30 mini-DApps (decentralized applications) on its platform. They are scheduled to be published on Line by February 2025.

Mini Dapps are coming to LINE!

We are excited to announce that Mini Dapps on LINE, powered exclusively by the Kaia Blockchain, will be launching soon! Here’s a sneak peek at the timeline:
Early December 2024: Release of Dapp Portal SDK
End of January 2025: Mini Dapp Online… pic.twitter.com/ZWC4DTmH30

— Kaia (formerly Klaytn and Finschia) (@KaiaChain) November 27, 2024

Part of Kaia’s price rally on the charts over the past 30 days is the general market tide turning bullish.

With the price of Bitcoin rising 45% over the same time period, most of the crypto-altcoin market is also trading hot. Many of the major coins by market cap are melting periodically, but Kaia coin dominated in early December, rising to a new all-time high of $0.4.

Great support for ALGO Web3 ID Layer

Meanwhile, Kaia is a popular trade in the current 30-day window because it’s one of the biggest players in GameFi and MetaVerse’s ID layer for Web3. At the same time, cryptocurrency exchanges have significantly highlighted this segment of the blockchain.

In addition to Kaia, Algorand (ALGO) prices advanced by an astonishing 86% in the 7-day period and 400% in the 1-month range. The foundation behind ALGO recently released a new Decentralized Identifier (DID) solution.

Markets are excited about this and the overall prospect that internet users can transparently and anonymously hide their important data in the safety and reliability of the blockchain and then retrieve it quickly and affordably when they are ready. to use them.

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