The pair $KGST has officially debuted today in the SPOT market, attracting all eyes with an initial volume of 287.32M units. The price quickly peaked at 0.01210 before stabilizing at 0.01140.
KGST is the heart of the KaratGold ecosystem, a project designed to link the world of cryptocurrencies with the value of physical gold, enabling secure and stable transactions backed by this precious metal.
👀 KGST (Kyrgyz Som Stablecoin): It is not a gold coin, but a stablecoin linked to the Som (the national currency of Kyrgyzstan). Its value is designed to always equal 1 Kyrgyz Som. It is backed by cash reserves in the state banks of that country, not by gold bars.
Today's movement hides a message for attentive observers. In the spot market, patience pays off, and the "market makers" are testing how much pressure new investors can withstand before defining the real trend of the project.
📌 Investing in newly listed coins in the spot market involves very high volatility and risk of capital loss. This content is informative and does not constitute financial advice.
- Monitor the support at 0.01100; if the price rebounds with volume at that level, the accumulation structure will be evident.
Follow me @Isaias Blossom TAFT to understand the flow of money in these listings and not miss the strategic entry points. ☺️
