How is the KMNO pair doing today?
KMNO (from Kamino Finance, a DeFi protocol on Solana) is showing good recent performance:
Current approximate price: Around 0.059 USDC
Change in 24 hours: It has risen approximately 13% (according to CoinGecko), indicating strong bullish momentum for the day.
The trading volume in the last 24 hours is high, around $19-23 million, and the market capitalization is around $149 million.
Recent trends: In the last 7 days, it has gained 19.4%, although in 30 days it has only gained 2.5%. It is 77% below its all-time high ($0.2478), but 191% above its low ($0.01937).
The community sentiment is mostly bullish today.
News
There is recent positive news: Coinbase has relaunched its bootstrap fund for stablecoins, supporting USDC liquidity in Kamino. This could boost adoption in DeFi and attract more users to the protocol, which would benefit KMNo; the Solana ecosystem is generally booming, which could help as well.
Will it keep rising?
It is speculative, but based on current data, there are reasons to be optimistic in the short term:
Today's rally (+13%) and the bullish sentiment suggest it could continue to rise if the overall crypto market remains positive (for example, with Bitcoin and Ethereum in the green). It could target resistances near $0.06-$0.07 if it breaks the recent high.
Positive factors: Integrations like Coinbase, growth in DeFi, and a bullish market in altcoins.
However, I don't see it as a guarantee of further increases. In the long term, if Kamino expands its utility, it could have potential, but it has been more stable than explosive lately. It might rise a bit more this week if the momentum holds, but be prepared for dips – I wouldn’t bet everything on a continued rise.
