Key Takeaways
In October 2024, the Klaytn and Finschia blockchain protocols merged, creating the Kaia and KAIA coins .
Very soon after its release, it broke into the top 100 cryptos by market cap, and on Dec. 5, 2024, KAIA was worth about $0.3305.
Let’s now examine our own price predictions for Kaia, made on Dec. 5, 2024. We will also examine the Kaia price history and discuss what KAIA is and does.
Let’s look at the Kaia price predictions made by CCN on Dec. 5, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.
The wave count will be used to create the minimum and maximum KAIA predictions. 20% will be added and removed from the final target to generate the minimum and maximum predictions.
Minimum KAIA Price Prediction | Average KAIA Price Prediction | Maximum KAIA Price Prediction | |
---|---|---|---|
2025 | $0.28 | $0.31 | $0.34 |
2026 | $0.24 | $0.285 | $0.33 |
2030 | $0.19 | $0.24 | $0.29 |
The most likely wave count shows a five-wave decline since KLAY’s all-time high in the Spring of 2021. The downward movement ended in July 2024, with a low of $0.099 in August.
The crypto has started an A-B-C correction toward the $1.35 horizontal resistance level if the count is accurate. Based on the length of the downward movement, the target can be reached in July 2026.
Then, the KAIA price can begin declining like the one after the all-time high. During these projected upward and downward movements, the wave count method gives targets of $0.51 and $0.74 for the end of 2025 and 2026, respectively.
Finally, we will use the rate of increase since launch to predict the KAIA price by the end of 2030.
Doing so leads to a target of $1.30.
The wave count method gives a KAIA price prediction range between $0.41 and $0.61 for the end of 2025.
The wave count method gives a KAIA price prediction range between $0.59 and $0.89 for the end of 2026.
The rate of increase since launch gives a KAIA price prediction range between $01.04 and $1.56 for the end of 2030.
The KLAY chart is used instead of KAIA for the long-term analysis because the latter lacks sufficient data.
The weekly time frame chart shows that KLAY has increased since August, confirming a double bottom pattern in November.
KLAY and, by extension, KAIA have increased since, breaking out from a descending resistance trend line that existed since the all-time high.
Since the breakout, the price has created three successive bullish weekly candlesticks, briefly moving above the long-term horizontal resistance at $0.315.
While the price reached a high of $0.420, it still needs to close above the $0.315 area to confirm the breakout. If this happens, the price can increase 300% to the next horizontal resistance at $1.35.
Technical indicators give a bullish Kaia prediction, suggesting the increase will continue. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have both generated bullish divergences (green), positive signs that often lead to a breakout.
So, the weekly time frame readings suggest the KLAY increase will continue toward the $1.35 resistance area.
The KAIA price prediction for the next 24 hours is bullish. If the price closes above $0.315, it can begin its ascent toward the next long-term resistance at $1.35.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 5, 2024, KAIA’s ATR was at 0.01, implying average volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and 30 show overbought and oversold conditions, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 5, 2024, Kaia’s RSI was 45, showing somewhat bearish conditions.
Kaia was a blockchain that focused on the Metaverse and gaming sectors, so let’s compare it with other similar blockchains and the still-trading KLAY coin.
Let’s take a closer look at some of the key dates in the admittedly brief Kaia price history . While past performance doesn’t necessarily indicate future results, understanding what the token has done can help us contextualize future Kaia price predictions.
Time Period | Klaytn Price |
---|---|
Last Week (Nov. 28, 2024) | $0.1947 |
Last Month (Nov. 5, 2024) | $0.1265 |
Three Months Ago (Sept. 5, 2024) | $0.1329 |
Last Year (Dec. 5, 2023) | $0.2095 |
Launch Price (March 31, 2020) | $0.1126 |
All-Time High (April 2, 2021) | $4.38 |
All-Time Low (May 6, 2020) | $0.05733 |
The market capitalization, or market cap, is the sum of the total number of Kaia in circulation multiplied by its price.
On Dec. 5, 2024, Kaia’s market cap was $1.95 billion, making it the 70th-largest crypto by that metric.
Supply and Distribution | Figures |
---|---|
Total supply | 5,886,082,203 |
Self-reported circulating supply (as of Dec. 5, 2024) | 5,886,082,203 (100% of the total supply) |
In its technical documentation or whitepaper , Kaia says that it came about thanks to the merger of the Klaytn and Finschia blockchains.
It adds: “Kaia Blockchain is a Layer 1 blockchain based on EVM (Ethereum Virtual Machine) and has been designed with scalability, convenience, and reliability as top priorities.
“Kaia Foundation and ecosystem participants aim for easier accessibility of blockchain technology and let more people participate in the Web 3.0 revolution. Kaia Blockchain will settle as a trusted stratum connecting people from different backgrounds worldwide.”
The Kaia blockchain combines the decentralization of public blockchains with the scalability and speed of public ones. The KAIA coin, also known by its ticker handle KAIA, supported the platform.
Kaia uses a form of Proof-of-Stake (PoS) consensus mechanism. This means that people can verify transactions and add blocks to the blockchain-based on how much KAIA they hold.
The system uses three different types of computers, or nodes, to help it operate: consensus nodes, proxy nodes, and endpoint nodes. Core cell operators (CCOs) manage consensus nodes, which generate blocks.
KAIA pays for transactions on the network. The coin’s holders can vote on changes to the blockchain. People can also buy, sell, and trade the Kaia coin on exchanges.
It is hard to say. KAIA has successfully taken over from KLAY, with a place in the top 100 cryptocurrencies by market cap.
Meanwhile, the long-term price predictions for Klaytn are pretty bullish.
However, it is worth remembering that KAIA has only been trading for a little more than a month, and during that time, the overall crypto market has been pretty bullish.
As always with crypto, you should do your own research before deciding whether or not to invest in KLAY.
No one can really tell right now. While the Klaytn crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Klaytn, you will have to do your own research, not only on KLAY but also on related coins and tokens such as Ethereum (ETH). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Price predictions based on technical analysis suggest that KAIA won’t break through the dollar barrier until at least the 2030s. The KAIA coin supports the Kaia blockchain. People can also buy, sell, and trade it on exchanges.Will Kaia reach $1?
What is Kaia used for?