After spending nearly a year in consolidation, Kaspa (KAS) has captured the attention of crypto trading analysts who see promise in its current market behavior.
Currently trading at $0.1591, the token’s technical structure has been closely examined by analysts OCT Trades and ParabolicPump. Both have identified specific chart patterns that could indicate potential price movements.
Technical Patterns Signal Potential for KAS
The price charts for KAS reveal compelling patterns for traders to consider.
One notable formation is an inverse head and shoulders pattern, which OCT Trades has identified with a neckline at $0.175. This classic technical setup is often associated with bullish price action, leading OCT Trades to project a potential price target of $0.25.
The analyst highlights KAS’s ability to maintain its position above $0.15, establishing this level as a strong support zone. The token’s price action has also shown a series of higher lows, a pattern typically interpreted as growing confidence among buyers in traditional market analysis.
Market Activity Gains Momentum
In the world of cryptocurrency, trading volume often provides key insights, and KAS has been no exception. With $175,867,619 in 24-hour trading volume, the market demonstrates active participation from both buyers and sellers.
The token’s recent 4.95% price increase over the past day, coupled with a steady 0.92% weekly gain, reflects ongoing buying interest. ParabolicPump’s analysis highlights an intriguing aspect of KAS’s market structure: the lack of historical resistance levels above its previous all-time highs.
This absence of resistance could pave the way for price discovery if the token successfully breaks above its established ranges.
Analyst Mikro recently shared a viral thread about Kaspa on his X account, formerly known as Twitter. In the thread, he provided some fascinating insights about KAS and explained why he considers this project to be a “better Bitcoin” and a true digital silver.
According to Mikro, Kaspa is a revolutionary blockchain project designed to address Bitcoin’s core limitations. At its foundation, Kaspa introduces the world’s first blockDAG—a digital ledger that supports parallel block processing and enables instant transaction confirmations. This isn’t merely a technical enhancement; it’s a complete rethinking of how cryptocurrencies can operate.
The project’s mission is closely aligned with Satoshi Nakamoto’s original vision of a peer-to-peer electronic cash system. While Bitcoin has evolved into a digital gold and a store of value, Kaspa aims to position itself as digital silver—more practical and suitable for everyday transactions. The name “Kaspa” is derived from an Aramaic word that translates to silver or money.
The team behind Kaspa is highly accomplished. The project is led by Yonatan Sompolinsky, a Harvard post-doctoral researcher who co-developed the GHOST protocol. Sompolinsky’s contributions to blockchain technology are significant, as he is even cited in the Ethereum whitepaper. The core team includes 17 developers, along with marketing and business professionals, all of whom are transparent about their identities.
What makes Kaspa unique is its innovative approach to blockchain architecture. Unlike conventional linear blockchains, Kaspa’s blockDAG processes blocks in parallel, significantly enhancing transaction speeds. Currently, the network operates at one block per second, with plans to scale to 10 blocks per second on the mainnet. The long-term vision includes achieving 100 blocks per second and over 1,000 transactions per second.
The project’s tokenomics are equally noteworthy. With a market cap of $3.8 billion and a circulating supply of 25.25 billion tokens, Kaspa was launched fairly in November 2021. There were no pre-mines, pre-sales, or special token allocations. The emission schedule is straightforward, with the supply halving annually.
Kaspa is not just creating a cryptocurrency; it is building an entire ecosystem, including the KRC-20 token standard. While current KRC-20 tokens are primarily
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Bitcoin (BTC) and Kaspa (KAS) miners are at the center of a new mining promotion launched by Binance Pool. The promotion, which runs from November 28, 2024, to January 27, 2025, offers a total bonus pool of 88,000 KAS tokens.
Participants can earn rewards based on their net hashrate rankings, with the top 100 miners eligible for prizes. Kaspa miners can receive up to 1,300 KAS each, while Bitcoin miners contributing to Binance Pool can earn up to 1,000 KAS.
Rewards will be distributed to participants’ Binance wallets within 14 days after the promotion concludes, provided all conditions are met, including the proper setup of payout addresses. This initiative has sparked speculation about a potential spot listing for Kaspa on Binance.
Is Binance Preparing to List KAS on Spot? Binance Pool has launched an exciting promotion for #Kaspa ( $KAS ) and #Bitcoin ( $BTC ) miners, featuring a bonus pool of 88,000 KAS. Eligible miners can share rewards based on their net hashrate rankings during the promotional period,… pic.twitter.com/sNbvergVD3
This promotional campaign has fueled discussions within the cryptocurrency community about the likelihood of a Kaspa spot listing on Binance.
Historically, Binance has used initiatives like mining pool promotions as a precursor to full token listings. Kaspa is already available for trading on Binance Futures, and its inclusion in Binance Pool is seen as a step toward increasing its visibility among traders.
A tweet from @Crypt0Proselyte highlighted that the mining promotion could signify Binance’s growing institutional support for Kaspa.
The tweet also underscored the potential benefits of a spot listing, such as increased liquidity, price stability, and heightened interest from mainstream investors. A listing could also drive market activity, potentially leading to price rallies as demand increases.
Market Trends Suggest Re-Accumulation Phase for Kaspa
Technical analysis of Kaspa’s price action points to bullish momentum.
According to @D_DTRADING, the token has rebounded from a structural low and appears to be in a re-accumulation phase. Currently, Kaspa is trading near the mid”
Kaspa and Ripple’s XRP are two cryptocurrencies that have garnered significant attention due to their promising metrics and unique offerings. But which of these digital assets has the potential to deliver better returns? Lee the Captain, a YouTube channel boasting over 36,000 subscribers, delves into this question in a recent analysis.
The analyst behind the presentation has chosen Kaspa over XRP in today’s evolving crypto market. His investment thesis is based on realistic growth potential and market cap calculations, which he breaks down in detail.
Kaspa Shows Greater Growth Potential
According to the analyst, Kaspa reaching a price of $10 would equate to a 65x return, resulting in a market cap of approximately $250 billion. This figure is still $300 billion below Ethereum’s all-time high market cap, making it a plausible target.
In contrast, he notes that for XRP to achieve the same 65x growth, its price would need to hit $96, pushing its market cap to an extraordinary $5.5 trillion. The analyst considers this scenario highly unlikely within a short timeframe of 6-10 months.
While he acknowledges XRP’s recent positive momentum and commends Brad Garlinghouse’s leadership at Ripple, Lee the Captain emphasizes his focus on maximizing potential returns. He positions Kaspa as a balanced choice between well-established cryptocurrencies and high-risk micro-cap assets.
The analyst also reveals his long-term commitment to Kaspa, stating that he has been accumulating it for over a year. He highlights its technical strengths, describing it as a BlockDAG-based digital ledger that supports parallel blocks and instant transaction confirmations. Kaspa operates 600 times faster than Bitcoin while maintaining a proof-of-work consensus mechanism.
Addressing concerns about Kaspa’s ecosystem being dominated by meme coins, Lee argues that this isn’t necessarily a drawback for an emerging platform. He draws comparisons to Ethereum, suggesting that Kaspa offers solutions to Ethereum’s scalability challenges and high gas fees.
The analyst also highlights broader market trends, noting that global crypto ownership has doubled since the 2021 bull run, with over 600 million people now owning digital assets. He speculates that if Bitcoin were to reach $200,000, the resulting market momentum could significantly benefit altcoins like Kaspa.
Lee the Captain concludes by emphasizing Kaspa’s growing visibility, including its recent listing on Kraken, and compares its passionate community to XRP’s dedicated following. Based on his analysis, he believes Kaspa has a stronger likelihood of reaching $10 during this bull run compared to XRP achieving similar percentage gains.
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The price of Kaspa (KAS) is undergoing a pullback today, with a decline of approximately 8.5%, bringing its value below $0.15. Despite this drop, KAS investors shouldn’t be overly alarmed, as this trend mirrors the performance of many other altcoins. For instance, DOGE has seen a sharper decline of 11.5% over the past 24 hours.
A well-known cryptocurrency analyst, Marto, shared an insightful Kaspa chart with his 30,000 followers on X. The chart, based on the weekly timeframe, highlights a notable Rally-Base-Rally pattern that has sparked interest among traders. The initial rally propelled KAS from roughly $0.005 to the $0.15-$0.17 range, followed by a period of consolidation that appears to be healthy.
Kaspa Price Analysis and Forecast
During the consolidation phase, Kaspa’s price has been trading within a range of $0.10 to $0.17, creating a robust support level near $0.10.
This support level has been tested multiple times, demonstrating its reliability as a price floor. On the other hand, resistance is observed in the $0.17-$0.18 range. If the price manages to break above this resistance, it could pave the way for a potential rally toward $0.30.
The Relative Strength Index (RSI) currently stands at around 54.66, indicating neutral to slightly bullish momentum. This suggests that the asset is not overbought and has room for further upward movement. The overall trend remains positive, with the price forming higher lows during the consolidation phase.
Although the chart doesn’t display volume data, extended consolidation phases like this often involve accumulation by investors. According to Marto’s analysis, this setup is more suited for a long-term outlook rather than short-term trading. If the pattern unfolds as anticipated, there could be a potential upside of 60-80%. This aligns with the technical structure seen on the weekly chart, where a breakout above resistance could initiate the next leg of the Rally-Base-Rally pattern.
A prominent crypto analyst, operating under the handle ParabolicPump on X, has predicted that Kaspa (KAS) could soon reach new all-time highs. This forecast is based on the token’s prolonged sideways trading and strong accumulation patterns.
Currently trading at $0.1584, Kaspa has seen a 5.68% increase in the past 24 hours and an 8.24% gain over the last week, according to CoinGecko data.
The token continues to exhibit steady trading activity, with a 24-hour trading volume of $156,342,579. Its price movement suggests growing interest in the market as it breaks out of previous trading ranges.
Market data also indicates sustained buying pressure across major cryptocurrency exchanges.
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