An artificial intelligence (AI) focused cryptocurrency, Kaito (KAITO), has seen a massive price jump after being listed on Upbit, South Korea’s biggest crypto exchange.
Kaito’s Big Day
The news sent KAITO’s price soaring over 45%. It climbed from a low of $1.49 to a high of $2.17 before settling around $1.76. With a market cap of $426.8 million, it’s currently ranked as the 168th largest cryptocurrency project.
Recent Exchange Listings and Kaito’s Goal
This isn’t Kaito’s first major exchange listing. Coinbase, a top US exchange, added KAITO last month, though it labeled it as a riskier, less liquid asset. Binance, the world’s largest crypto exchange by volume, also listed it around the same time.
Kaito aims to tackle a big problem in the crypto world: fragmentation. This means the market is split across different blockchains, creating inconsistencies and hindering progress. Kaito wants to use AI to create a more unified and efficient system. Their website explains that they plan to use AI to direct investment to the most valuable projects, making the market fairer and more transparent.
Disclaimer
Remember, cryptocurrency investments are risky. Do your research before investing any money. This information is not financial advice.
