Kaia Unveils Mainnet with LINE Integration, Promises Fast Transactions and Low Fees

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 30 2024

Should l Buy KAIA?

Kaia Mainnet Launch: Kaia has launched its mainnet on August 29, integrating with LINE to provide fast transactions and low fees, targeting 250 million users across Asia. The launch is supported by the Kaika Wave program, which offers $1.2 million in grants for developers to create mini DApps.
Merger and Market Positioning: The merger of Japan's Finschia and South Korea's Klaytn strengthens Kaia's blockchain presence in Asia, leveraging existing user bases from popular platforms like LINE and KakaoTalk, while positioning itself as a competitive alternative in the blockchain industry.

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Technical Analysis for KAIA

Technical Sentiment Analysis for Kaia (KAIA) As of , Kaia (KAIA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for KAIA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, KAIA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Kaia (KAIA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0281	0.0368	0.0465	0.0552	0.0649	0.0736	0.0833
Fibonacci	0.0368	0.0439	0.0482	0.0552	0.0623	0.0666	0.0736

About KAIA

Kaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem integrated with the Kakaotalk and LINE messengers that have a combined user base of over 250 million - all of whom can experience Web3 with the ease and speed of Web2 within their favourite messenger superapp to connect, create, collaborate, and contribute to the ecosystem.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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