Crypto analyst Ali Martinez noted that the altcoin market is currently overshadowed by Bitcoin, but the altcoin season could begin after the Bitcoin rally.
Martinez stated that some altcoins are starting to gain strength, while others are still in the consolidation phase.
According to Martinez, Bitcoin is currently the focus of the market. Its recent rally is supported by several powerful factors:
US Bitcoin Reserve discussions,
Anticipation around Bitcoin ETFs
BlackRock gives 2% weight to Bitcoin in its portfolio recommendations,
MicroStrategy's inclusion in the Nasdaq 100 index.
The analyst emphasized that these conditions make Bitcoin a major player in the short term, but historically the altcoin season begins after Bitcoin consolidation.
Critical points for the altcoin season
Martinez reminded that based on historical data, Ethereum (ETH) began to surpass Bitcoin every December. Therefore, he stated that it is important for investors waiting for the altcoin season to take early positions in projects with strong fundamentals:
“Forget the meme coin hype and short-term hype. Focus on projects with strong fundamentals for sustainable gains.”
Altcoins to Follow
Martinez listed the projects he found worth watching during the altcoin season as follows:
Worldcoin (WLD): Ambitious goals in identity and global finance.
Uniswap (UNI): The pioneer of decentralized exchanges.
AAVE: A project that has shown strong performance in the DeFi space.
Chainlink (LINK): The leader in decentralized oracle solutions.
Maker (MKR): A major player in the stablecoin and DeFi ecosystem.
ONDO: An emerging project in the field of tokenization of real-world assets.
Solana (SOL): Fast, scalable, and has a strong ecosystem.
BNB: An exchange token with a wide range of uses.
KAIA: An ecosystem supporting DeFi, gaming, real-world assets, and web-based chat programs
Martinez emphasized that these projects are not just hype-driven, but can be resilient to market fluctuations with their solid use cases and strong fundamentals.
WELCOME TO THE OFFICIAL BLOG OF THE GIANT PROJECT!
Layer-1 blockchain from two major chat apps in Asia
Launched as the world's fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from leading Asian web3 partners like Kakao and LINE NEXT
Kaia was created in April as a result of the merger of Kakao’s Klaytn and LINE’s Finschia.
LINE is a leading chat app in Japan, Taiwan and Thailand, while Kakao dominates a messaging app used by 96% of South Koreans. According to the press release, the two apps have a combined total of more than 250 million users.
Through its close interaction with messaging apps Kakao and LINE, Layer-1 blockchain aims to solve Web3’s user experience and distribution issues. Ultimately, it aims to create an ecosystem that supports DeFi, gaming, real-world assets, and web-based chatbots.
Through its NEXT WEB software development kit (SDK), Kaia aims to enable developers to create small dApps (distributed applications) on LINE Messenger, thus enabling “Telegram-style native app integration.”
“By leveraging Kaia’s low TX latency, account abstraction, and fee delegation capabilities, developers can create a seamless user experience from start to finish while expanding their reach to hundreds of millions of LINE users,”
Alongside the mainnet launch, a developer support program called Kaia Wave was also announced. Using the NEXT WEB SDK, eligible teams will receive marketing, technology, and business support worth $1.2 million per team. Future token production events and liquidity support are also among the other benefits.
Here is the latest information about Kaia (KAIA) coin:
- Current Price: Kaia's price today is approximately $0.2772 USD. The 24-hour volume is $100,768,060 USD and the price is down 6.06% in the last 24 hours.
- Market Cap: Kaia has a market cap of $1,633,881,045 USD and is ranked#77on CoinMarketCap.
- Circulating Supply: Kaia's circulating supply is 5,895,079,875 KAIA.
- Trading on Exchanges: KAIA tokens are traded on various centralized exchanges. Among the most popular exchanges is Binance. Especially on Binance, the KAIA/USDT pair is quite active, recording a trading volume of $42,386,484.88 in the last 24 hours.
- Finschia and Klaytn Merger: Kaia was formed by the merger of Finschia and Klaytn. It is stated that the total supply will increase after this merger.
- Community and Market Situation: The community has a generally positive outlook on Kaia's future. However, investors should be careful given price fluctuations and market conditions.
#RideTheKaiaWave #Binance #kaia #KAIA #BNB
