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South Korea's Upbit Boosts AI Altcoin, Leading to Market Surge

by aria-crypto.com

March 6, 2025 at 13:05

South Korea's Upbit Boosts AI Altcoin, Leading to Market Surge

One AI-focused altcoin, Kaito (KAITO), has experienced a significant price increase after South Korea’s largest crypto exchange, Upbit, began trading support. Before the announcement, KAITO was trading at $1.49 but soared to $2.17, marking an increase of over 45%. The altcoin has since found some stability at a price of $1.76. After these developments, Kaito's market cap has risen to $426.8 million, and it now ranks as the 168th largest crypto project globally.

Previously, Coinbase, a major US crypto exchange, added KAITO to its listings with an experimental label meant to indicate higher risk and lower liquidity assets. Additionally, Binance, the largest crypto exchange in the world by volume, also supported the altcoin last month.

KAITO is designed to address market fragmentation by harnessing AI technology, aiming to unify various blockchain standards and improve interoperability. Its system claims to use AI to tokenize aspects of the digital economy and ensure optimal allocation of attention and capital. Through AI-powered algorithms integrated with market dynamics, KAITO seeks to establish a fairer, more transparent, and efficient distribution network.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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