Imagine a world where robots not only perform tasks but also have their own wallets to pay each other without us lifting a finger. That is exactly what Kite AI is cooking up, and the market has already started to react with a jump of 1.61%, giving a slight advantage to a crypto ecosystem that woke up somewhat sluggish today. 🤖💸
What is happening with KITE is not a coincidence; they are positioning themselves as the "PayPal of Artificial Intelligence." The heart of this movement is their protocol x402, designed for AI agents to make payments across different blockchains autonomously. This is not just theory: they have already closed a key alliance with Pieverse and have the backing of giants like Coinbase Ventures and PayPal, who invested 18 million dollars in their Series A round. We are talking about pure infrastructure for a sector that, according to experts, is going to explode by 34% every year until 2030. 🚀
But watch out, family, not everything is rosy in the graphs. Although the volume of transactions increased thanks to trading competitions on platforms like Biconomy, there are still signs to tread carefully. Only 18% of the total tokens are circulating, which means many more coins will enter the market in the future, and that could dilute the price if demand doesn't remain strong. Additionally, technically the price is struggling to break through the barrier of $0.0947. If it manages to surpass that level and hold, we could be facing a real trend change, but if it bounces back there, the current excitement could cool off quickly. 📉📈
The big question that remains is: Are we ready to trust the economy of the future to AI agents that transact on their own, or is KITE a bet too far ahead of its time?
