dKargo (DKA) reversed its bearish trend this week, and bullish price action has led to a 50% price increase today.
dKargo (DKA) was trending downwards for most of June, but the market sentiment seemed to flip last week. With downward pressure stymied, DKA stabilised before its price flew up this morning.
After rallying from $0.06 to over $0.09, DKA has successfully held a higher price point and has established a base from which to make a run at its previous highs.
In this piece, we will tell you everything you need to know about dKargo and whether DKA is the right investment for you. We’ll give you the details about the company and their project, make a price prediction, and show you the best place to buy dKargo with ease.
How & where to buy dKargo in the UK and elsewhere
To buy DKA tokens, simply sign up with a licensed broker or exchange, fund your account, and buy DKA by placing an order for the number of tokens that you want. In terms of where to buy dKargo, we recommend using a broker.
Some traders use DEXs, or decentralised exchanges, but we maintain that brokers provide the most seamless experience for most investors. Licensed brokers are regulated, meaning they have top-level security and safety. They are also easy to use and have a beginner-friendly user experience.
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What is dKargo?
dKargo is a blockchain-based logistics solution that aims to enable trustless and permissionless networking in the logistics industry, circumventing traditional bottlenecks in the sector.
dKargo is set to compete with the likes of VeChain and IOTA, two of the most popular cryptocurrencies currently on the market. Being a newer project, dKargo has the potential to rectify some of the mistakes of its competitors, following the mantra of “don’t do it first, do it right”.
Should I buy dKargo today?
DKA’s downward momentum has been stemmed and a bullish trend appears to have taken over, while the DKA price is still a way off its previous highs. Therefore, shrewd investors may view the current DKA price as being at a huge discount pending a further rally.
dKargo’s website reports that the logistics sector records a compound annual growth rate (CAGR) of around 7.5%. Add to this the price explosion of cryptocurrencies in general, and it is clear that the fundamental picture of dKargo looks very promising.
DKA price prediction
DKA is still well below its all-time high of $0.703, currently sitting at $0.08. Previously, the $0.13 region has acted as both resistance and support on numerous occasions, so this is the current price target. If DKA can break through this resistance level, a bullish trend is confirmed, and dKargo could march towards April’s high of $0.40.