KTA price surges on reports of former Google CEO backing Keeta Network

The KTA price has skyrocketed in recent days, capturing the attention of the crypto community.

The token, native to the Keeta Network, a Layer 1 blockchain, has surged from a modest $0.006 to an all-time high of $0.1866, with its fully diluted valuation (FDV) peaking at $160 million.

This dramatic rise is largely fueled by reports of investment from Eric Schmidt, the former Google CEO, and his recent following of the project’s X profile, sparking widespread excitement and speculation.

What is Keeta Network?

Keeta Network is a delegated proof-of-stake (dPoS) blockchain engineered to transform cross-border payments.

Positioned as an intermediary platform bridging traditional finance (TradFi) and decentralized finance (DeFi), it boasts extraordinary Keeta Network speed, with claims of processing over 50 million transactions per second and settlement times as low as 400 milliseconds.

This sets it apart as a high-speed alternative to conventional payment systems.

In addition, Keeta leverages a Directed Acyclic Graph (DAG) structure, to enable parallel transaction processing, far surpassing traditional blockchain models.

This design, paired with its dPoS consensus, drives the remarkable Keeta Network speed, targeting 10 million transactions per second—ideal for small-scale cross-border payments.

However, the journey hasn’t been without turbulence.

The Keeta Network token launch on March 5, 2025, faced initial skepticism due to an unannounced token generation event (TGE).

This unexpected move, combined with minimal marketing, raised concerns about legitimacy and insider trading, causing the KTA price to dip as the crypto community questioned the project’s credibility.

The Keeta Network team, however, swiftly responded to the backlash and Founder Ty Schenk and CTO Roy Keene, a former Nano contributor, hosted an X Space session to address concerns and confirm the TGE’s authenticity.

They introduced liquidity lock-ups and shared plans for the Keeta Network testnet, slated for launch by late March 2025.

These efforts, bolstered by Eric Schmidt’s reported involvement, have restored confidence and propelled the KTA price upward.

Eric Schmidt’s involvement elevates Keeta price

Eric Schmidt, renowned as the former Google CEO, brings unparalleled credibility to Keeta Network.

His involvement began with a reported $17 million funding round in 2023, valuing the project at $75 million, according to TechCrunch.

On March 17, 2025, Schmidt followed the Keeta Network X profile, a move that triggered a 185% spike in KTA price within 24 hours. His support underscores the project’s potential in the eyes of investors.

With Eric Schmidt’s support and a focus on revolutionizing cross-border payments, Keeta Network could emerge as a Ripple Killer.

However, while the KTA price surge reflects growing optimism, uncertainties remain, and investors should proceed cautiously.