Somnia price has done well in the past few days as investors cheered its mainnet launch. SOMI jumped to a record high of $1.90, up by 400% from its post-mainnet launch low of $0.3817. This article explores whether the Keeta price will do the same ahead of its mainnet launch.
Somnia Price Rallied After the Mainnet Launch
Somnia has become one of the best-performing tokens in the past few days. It has jumped by over 260% from its all-time low, transforming it into a large coin worth over $222 million. Its fully-diluted valuation (FDV) has jumped to $1.3 billion.
Somnia token soared after the developers launched the mainnet launch, which was followed by listings by companies like Binance, Bybit, Bitget, and MEXC.
Somnia aims to become a major player in the crypto industry by launching a layer-1 chain focused on entertainment, gaming, and decentralized finance (DeFi).
It is still a small player in these industries, with the total value locked of just $246,400. As such, its token performance is a sign that investors anticipate it to be a major player in these industries in the future.
READ MORE: Cryptocurrencies to Watch This Week: XRP, Arbitrum, DOGE, LayerZero
Keeta Price to Benefit from the Mainnet Launch
Keeta token has remained under pressure in the past few days, dropping by over 32% from its highest point in August. This selling pressure may end soon as the network is set to launch its mainnet this month, probably next week.
Keeta is building a blockchain network that will connect traditional finance (TradFi) and the blockchain. Its main benefit is that it will have superior speeds to other existing chains, making it possible to handle large transactions at scale.
Another benefit is that the team recently merged its tokens with those of early investors to create Strategic Reserves. The reserves are meant for the future and not for public sale.
Further, Keeta, which Eric Schmidt, former Google CEO, backs, has also been added to the Coinbase roadmap program, meaning that it may be listed soon.
Therefore, there is a likelihood that the Keeta price will jump sharply toward the mainnet launch. However, the main risk is that whales and smart money investors have been selling their tokens aggressively, while the tokens on exchanges have jumped by 57% in the last 30 days to over 31.85 million.
READ MORE: Keeta Price Prediction: Top 4 Reasons KTA is About to Soar
