Cryptocurrency Enthusiasts Observing an Uptick on Kaia Network, With KLEVA Showing a Staggering 119% Increase | Notable Altcoins Worth Monitoring Today
Shining Altcoins Light Up Less Popular Chains: The Kaia Network
The Kaia Network, a lesser-known blockchain, has been sparking attention due to a massive surge in users back in April. As reported by Dune, the number of monthly active users hit a high of 22.63 million, with an additional 8 million joining the network. Here's a look at three top-performing altcoins on Kaia, worth keeping an eye on as we move into May.
Superwalk (GRND)
- Launch: September 2022
- Circulating Supply: 625.92 Million GRND
- Max Supply: 1 Billion GRND
- Fully Diluted Valuation (FDV): $57.07 Million
GRND has seen a near 31% surge this month, but it is yet to recover from the losses at the end of March. The altcoin is currently trading above the critical support level of $0.0568, showing a positive trend. If GRND maintains its position above this level, it may see further gains in the coming days.
Securing the $0.0568 support level is critical for GRND to continue its upward trajectory. The altcoin aims to breach the next resistance at $0.0627, which would help preserve the recent losses. Successfully surpassing this level would put GRND on track to reach $0.0696, a target for potential future growth.
Kleva (KLEVA)
- Launch: December 2022
- Circulating Supply: 68.91 Million KLEVA
- Max Supply: 95.34 Million KLEVA
- Fully Diluted Valuation (FDV): $5.75 Million
In recent days, KLEVA has shown both promising and disappointing price action. The altcoin soared 119% at the beginning of last week, showcasing strong bullish momentum. However, in the last 48 hours, it has faced a 33% drop. This volatility reflects uncertainty in market sentiment, making the future direction unpredictable.
The recent drop has brought KLEVA down from $0.125 to $0.083, with the altcoin currently holding above the essential $0.081 support level. If KLEVA manages to bounce off this support, it could try to recover by breaching the $0.092 resistance. Successfully surpassing this level would signal a potential rally.
Marblex (MBX)
- Launch: May 2022
- Circulating Supply: 207.53 Million MBX
- Max Supply: 1 Billion MBX
- Fully Diluted Valuation (FDV): $62.75 Million
Another altcoin on the rise, MBX, has experienced a 15% improvement over the past 10 days, quickly recovering from the end of March losses. As MBX inches closer to $0.20, it is likely to maintain its upward momentum. This development suggests that MBX might continue its uptrend, potentially reaching new resistance levels shortly.
Currently holding above the crucial support level of $0.189, MBX is setting itself up for a rally toward the next major resistance at $0.21. Surpassing this resistance would enable MBX to recover its March losses, strengthening the current bullish sentiment and drawing increased investor interest.
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Caution Call:
As with all investments, it's essential to do your due diligence and consult a financial professional before making any decisions. BeInCrypto endeavors to provide accurate, unbiased reporting, but the market is subject to changes without notice. Always exercise caution and consult with a professional before investing. Plus500, eToro, Coinbase, and Moonacy are great platforms for exploring and trading the mentioned altcoins.
Notes:1. https://dune.com/beincrypto/kaia-network-users-surge-to-226-million-in-april2. https://beincrypto.com/kaia-network-uptrend-grnd-11-ksm-13-mbx/3. https://beincrypto.com/grnd-price-prediction-superwalk-surges-50-after-launch-as-regulatory-uncertainty-hampers-growth/4. https://beincrypto.com/guide-to-buy-kleva-kleva-price-prediction-and-bull-run-in-2023/5. https://beincrypto.com/marblex-price-prediction-mbx-skyrockets-200-mcap-in-one-day-can-it-sustain/
Disclaimer:This analysis is for informational purposes only and should not be construed as investment advice. We are not responsible for any financial decisions made based on the information provided. BeInCrypto is dedicated to honest, unbiased reporting, but the market is subject to change without notice. Always conduct your own research and consult with a financial professional before making any investment moves. Our terms, privacy policy, and disclaimers have been updated.
- The surge in users on the less popular Kaia Network in April has shed light on three top-performing altcoins, including Superwalk (GRND), Kleva (KLEVA), and Marblex (MBX).
- GRND saw a near 31% surge this month, but it has yet to recover from the losses at the end of March. The altcoin is currently trading above the critical support level of $0.0568.
- KLEVA's recent price action shows a strong bullish momentum, soaring 119% at the beginning of last week, but it also experienced a 33% drop in the last 48 hours.
- MBX has experienced a 15% improvement over the past 10 days, quickly recovering from the end of March losses, and is likely to maintain its upward momentum.
- The Kaia Network's monthly active users hit a high of 22.63 million in April, with an additional 8 million joining the network, as reported by Dune.
- Uphold offers an early access platform for trading emerging assets like GRND, KLEVA, and MBX, along with a one-step trading feature, multi-asset support, and more.
- Before making any investment decisions, investors should do their due diligence and consult a financial professional, as the market is subject to changes without notice. Plus500, eToro, Coinbase, and Moonacy are platforms for exploring and trading these altcoins.
