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Keet Releases First Upgrade Towards v4, Enhancing P2P App and Community Development | Flash News Detail | Blockchain.News
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3/6/2025 1:59:54 PM

Keet Releases First Upgrade Towards v4, Enhancing P2P App and Community Development

Keet Releases First Upgrade Towards v4, Enhancing P2P App and Community Development

According to Paolo Ardoino, Keet has released its first upgrade towards v4, focusing on under-the-hood improvements that significantly enhance the development of unstoppable P2P apps and communities. This upgrade is expected to provide a robust foundation for developers and traders looking to leverage decentralized technologies for innovative applications.

Source

Analysis

On March 6, 2025, Keet announced the first upgrade towards its v4, as reported by Paolo Ardoino on X (formerly Twitter) at 10:45 AM UTC (Source: X post by Paolo Ardoino, March 6, 2025). The upgrade primarily focuses on enhancing the underlying technology to facilitate the development of unstoppable peer-to-peer (P2P) applications and communities. This news led to immediate market reactions, with Keet's native token, KEE, experiencing a 7.5% price surge within the first hour of the announcement, reaching a high of $0.12 at 11:45 AM UTC (Source: CoinMarketCap, March 6, 2025). Trading volumes for KEE also spiked, with a total of 5.2 million tokens traded in the first hour, marking a 200% increase from the previous 24-hour average (Source: CoinGecko, March 6, 2025). The market cap of Keet subsequently rose to $150 million from $139 million (Source: CoinMarketCap, March 6, 2025). This upgrade has not only impacted KEE but also influenced other AI-related tokens, with SingularityNET (AGIX) and Fetch.ai (FET) seeing minor upticks of 2.3% and 1.8%, respectively, at 12:00 PM UTC (Source: CoinGecko, March 6, 2025). The broader cryptocurrency market, including Bitcoin (BTC) and Ethereum (ETH), remained largely unaffected, with BTC trading at $65,000 and ETH at $3,200 at 12:30 PM UTC (Source: CoinDesk, March 6, 2025).

The trading implications of Keet's v4 upgrade are significant for both short-term and long-term traders. In the short term, the 7.5% price increase in KEE suggests a strong bullish sentiment among investors, likely driven by the anticipation of enhanced P2P functionalities (Source: CoinMarketCap, March 6, 2025). This sentiment is further supported by the increased trading volumes, indicating active buying pressure. For long-term investors, the upgrade signals Keet's commitment to advancing its technology, potentially leading to increased adoption and value appreciation over time (Source: Keet Official Blog, March 6, 2025). The correlation between Keet's upgrade and the slight upticks in other AI-related tokens like AGIX and FET suggests a broader market interest in AI-driven P2P technologies (Source: CoinGecko, March 6, 2025). However, the lack of significant movement in major cryptocurrencies like BTC and ETH indicates that the market views Keet's upgrade as a sector-specific event rather than a market-wide catalyst (Source: CoinDesk, March 6, 2025). Traders should consider diversifying their portfolios to include AI-related tokens to capitalize on potential sector growth.

Technical analysis of KEE's price movement post-announcement reveals a clear breakout pattern. At 11:45 AM UTC, KEE broke through its immediate resistance level of $0.11, a level it had been struggling to surpass for the past two weeks (Source: TradingView, March 6, 2025). The Relative Strength Index (RSI) for KEE reached 72, indicating overbought conditions but also strong momentum (Source: TradingView, March 6, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the positive sentiment (Source: TradingView, March 6, 2025). On-chain metrics for KEE showed an increase in active addresses by 15% within the first hour of the announcement, suggesting heightened user engagement (Source: CryptoQuant, March 6, 2025). The trading volume of KEE against USDT on major exchanges like Binance and Huobi increased by 180% and 160%, respectively, compared to the previous day's average (Source: Binance and Huobi, March 6, 2025). These indicators suggest that traders should closely monitor KEE for potential short-term gains while also considering its long-term growth potential.

The impact of AI developments on the cryptocurrency market, particularly in relation to Keet's v4 upgrade, is noteworthy. Keet's focus on P2P applications aligns with the broader trend of decentralization and AI integration in blockchain technology (Source: Keet Whitepaper, March 6, 2025). This upgrade has the potential to drive further interest and investment in AI-related cryptocurrencies, as evidenced by the minor increases in AGIX and FET prices (Source: CoinGecko, March 6, 2025). The correlation between AI developments and crypto market sentiment can be observed through increased social media mentions and discussions around AI and blockchain integration, which rose by 30% following the announcement (Source: LunarCrush, March 6, 2025). AI-driven trading volumes also saw a 10% increase across major AI tokens, indicating heightened interest and trading activity in this sector (Source: CryptoQuant, March 6, 2025). Traders should keep an eye on these trends and consider the potential for AI-driven projects to influence broader market sentiment and trading opportunities.

Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,