The current Calamari Network price prediction shows a price drop of KMA crypto by –7.12 % in February 2024 and reaches $ 0.002166. Currently, the technical indicators revealed a neutral sentiment while the Fear & Greed Index reports 72 (Greed) points.
Calamari Network recorded 40% (12/30) green days and around 26% price volatility in the last 30 days of business. In this blog, you will learn about the KMA crypto and its price predictions in upcoming years
What Is Calamari Network (KMA)? | Calamari Network Price Prediction
Calamari Network (official Canary Net for Manta Network) is a private layer or a parachain created to use the DeFi on the Kusama blockchain. It is a plug-and-play privacy-preservation parachain built to serve the entire Kusama ecosystem. Based on the substrate framework, Calamari Network stays compatible with other parachains and major crypto projects (assets).
Kusama is a scalable blockchain platform based on the same codebase as Polkadot, while Parachain, a layer-1 sidechain, forms the Polkadot network’s backbone. This platform enables enhanced privacy for a wide range of parachain assets. Calamari Network currently supports trading on 2 exchanges. In the past 24 hours, the KMA crypto trade volume was $327,817.
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Calamari Network’s 14-day RSI: What it indicates?
The Relative Strength Index(RSI) is a popular technical indicator, that analyses prices of a range of assets like Calamari Network. Calamari Network’s past 14-day RSI shows a 42.37 score, indicating a neutral sentiment for KMA crypto. This indicator helps to estimate the momentum of the market.
RSI indicator functions on a range from 0 to 100 scores. The readings of 30 and 70 are very important. An RSI score below 30 for an asset indicates that the asset is undervalued, while an RSI score above 70 indicates an overvaluation of that asset.
However, different platforms use different mechanisms to predict KMA crypto prices in the coming days, months, and years. Here we will discuss CoinCodex’s long-term analysis of Calamari Network price prediction.
At CoinCodex, they use the Calamari Network’s historical price dataset to better account for past volatility and movements in the crypto market. Their advanced algorithms use the cyclical nature of Bitcoin halvings that utilize the supply-side stats and pressure on BTC every 4 years. It plays a pivotal role in crypto markets in creating realistic Calamari Network predictions.
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List of Most Common Calamari Network Price Prediction Indicators
Currently, in the crypto industry, the moving averages for Calamari Network price prediction are the most popular tools among crypto traders across the globe. A moving average insight provides the average closing price for KMA during a selected time frame. For example, a 12-day simple moving average (SMA) for KMA is a sum of KMA’s closing prices over the last 12 days which is then divided by 12.
Along with SMA (simple moving average), the exponential moving average (EMA) is used by crypto traders. EMA, giving more weight to the recent price stats, equips the traders with the more recent price actions.
Commonly used moving averages for Calamari Network Price Prediction:
- 12-day moving averages
- 14-day moving averages
- 50-day moving averages
- 100-day moving averages
- 200-day moving averages
Above mentioned indicators help traders to identify important support and resistance levels. If the KMA crypto price goes up as compared to any of the averages, it is considered a bullish trend for KMA crypto. On the other hand, if the KMA price goes down below a certain moving average is generally a symbol of weakness in the KMA market price.
Calamari Network (KMA) price prediction – 2024
It is forecasted that Calamari Network will trade within a range of $ 0.002034 and $ 0.005301 in 2024. If the KMA price reaches the upper price limit, $ 0.005301, KMA crypto would have reached 126.26%.
Calamari Network Price Prediction 2030
KMA crypto price prediction for 2030 lies between $ 0.011889 on the lower side and $ 0.022408 on the upper end. According to the KMA price of today, Calamari Network potentially might get a rise of 856.54% by the end of 2030 if it gains the upper price end.
FAQs
Is it profitable to invest in Calamari Network?
Over the last month’s dataset, KMA crypto had 40% ( 12/30) green days. Currently investing in KMA crypto (Calamari Network) is profitable. In the previous year, the price of Calamari Network had increased by 29.07%.
