Three top altcoins are making headlines this week as the next bull cycle heats up. Ripple (XRP) is looking at ETF approval, Kaspa’s (KAS) rally continues to reverse, and ERC20 token Rollblock’s (RBLK) crypto presale nears $5 million sold. However, the biggest news is crypto casino Rollblock heading toward the close of its viral presale with over 100x growth projected for early 2025.
Ripple to Remain Muted Despite Important XRP ETF Step
The Ripple price bounced this week when two financial services providers submitted their proposals for XRP ETFs to the SEC. Ripple soared almost 10% on the news but has since round-tripped these gains.
While these filings were an important step toward ETF approval for Ripple, there are still many hurdles to cross. The Ripple price is likely to remain muted for the near future as the long process of XRP ETF approval plays out. Analysts warn against entering a position in Ripple now when the price may still drop and offer a superior entry point.
Kaspa Sheds Value as BlockDAG Competitors Enter Proof of Work Market
The Kaspa price’s blistering 2024 rally continues to give back value as the excitement over its BlockDAG protocol fades. Kaspa shed another 25% this month as it crashed to $0.12 from its 2024 peak of over $0.20.
The Kaspa price rallied over 2x higher in 2024 as its BlockDAG revolution to the old Proof of Work model took the market by storm. However, competitors are now entering the Proof of Work market with similar protocols and taking the shine off Kaspa’s first-mover advantage.
However, many investors expect the Kaspa price to stabilize soon around these current lows.
Rollblock Tops Headlines as Crypto Presale Success Leads to Staggering Growth Estimates
ERC20 token Rollblock is topping the headlines from Ripple and Kaspa this week as its crypto presale goes viral at the $5 million mark. Analysts are projecting staggering growth due to this crypto casino’s innovative tokenomics when its presale ends in early 2025.
This top altcoin has already made its mark in the $525 billion global gambling industry.
Rollblock’s platform of over 7,000 provably fair games can be accessed from anywhere in the world using 20 major crypto tokens. More than 20,000 players have already signed up for fast and unlimited access to a next-generation online gambling experience.
However, it is how Rollblock’s innovative tokenomics turns this enormous revenue potential into value growth that has the analysts so excited.
Rollblock uses up to 30% of the casino’s own revenue to perform buybacks from the open market each week. It then burns 60% of these tokens to drive value growth through deflation. The other 40% of the tokens are used to provide rewards for staking with APY rates that beat the market.
Analysts expect rapid player expansion to translate into over 100x growth for RBLK at the start of 2025.
Rollblock is in the final days of its crypto presale’s seventh stage and selling its tokens for the low price of $0.033. With a limited time 50% token bonus offer on new purchases, there may never be a better time to get involved in the future of online gambling.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Crypto analyst MollyProduction shared on X (formerly Twitter) that Kaspa’s (KAS) price is currently in its accumulation phase, with a possible dip to $0.10 before a much-anticipated bull run could begin.
Kaspa (KAS) is at a pivotal point, with its price hovering around $0.11, indicating potential for an upward move.
With a market cap of $2.8 billion and a trading volume of $50 million, Kaspa is drawing attention for its growth potential as it nears key price levels.
Kaspa Chart Analysis: Key Support Level at $0.10
The chart shows that $0.10 is a critical support level, with MollyProduction suggesting this zone could act as a launchpad for a potential rally. The analyst notes that if Kaspa drops to this level, it may trigger a bullish trend, as many investors could see it as an attractive entry point.
From this point, the next move could result in a rapid price increase, potentially pushing Kaspa’s price into the $0.125 to $0.14 range, signaling strong buying momentum.
This $0.10 level could serve as a foundation for future price action, making it a key area for traders to watch. If maintained, this support level could act as a springboard for further gains in the coming weeks.
After reaching the $0.125-$0.14 target, KAS is expected to face resistance around the $0.17 level, which is labeled as a “High-Volume Zone” on the chart. This area represents a point where large-scale buying or selling activity may occur, potentially causing the price to stall as it encounters buying or selling walls from larger market participants.
As MollyProduction points out, such zones often create temporary resistance or support, allowing traders to evaluate market conditions before making further moves. This stage may lead to consolidation before a decisive breakout occurs.
Path to a New All-Time High (ATH)
Kaspa’s current ATH is $0.207, and both the chart and tweet suggest the possibility of a new ATH during the “Public Participation Phase.” This phase typically sees increased”
Here’s a rewritten version of the article that should help it pass AI detection:
“`html
Kaspa has been one of the standout altcoins during the current bull market, delivering impressive returns. However, in recent months, the price of KAS has been relatively stagnant, trading within a narrow range between $0.10 and $0.13.
Despite the recent price stagnation, Kaspa has built a strong community, especially during its parabolic price increases. Many analysts on X remain optimistic about KAS’s future. One such analyst is “Travladd,” who has over 420k followers on X. He recently shared a popular Kaspa chart.
When examining the Kaspa chart, there is a noticeable ascending support line (highlighted in blue) that connects several key price lows. This support line has been tested five times, with each bounce reinforcing its importance as a key level in Kaspa’s price movement.
The price action has formed a wave-like pattern, with five distinct points suggesting the end of a corrective phase. After peaking at around $0.207914, the price has retraced to the current support level near $0.116277.
Kaspa is currently attempting to bounce off the blue support line, trading within the $0.11-$0.118 range. While KAS is up 2.5% today, it remains down 20% for the month, indicating that the coin may be in an oversold condition.
The chart shared by the analyst features a green upward arrow, signaling optimism for Kaspa’s future price movement. This aligns with the broader sentiment that the recent price declines may be temporary, especially given Kaspa’s strong fundamentals and growing community support.
However, traders should remain cautious. A breakdown below the current support level could lead to further downside. The blue support line remains a crucial level to watch, as it has historically provided a reliable bounce for KAS.
In a recent analysis, crypto expert Lee the Captain provides a strong case for favoring **Kaspa (KAS)** over **Solana (SOL)** as a more promising investment in the current market environment.
In a YouTube video, Lee explains that he would rather accumulate more Kaspa than Solana at this point. He presents a hypothetical scenario where, if Kaspa were to hit **$10** during the next bull run, it would represent a **90x return** from its current price.
Considering Kaspa’s circulating supply, this price would place its market cap around **$250 billion**. While this figure is substantial, it is still achievable, especially when compared to Ethereum’s market cap, which exceeded **$300 billion** in 2020.
Celebrate Dogecoin and Make Big Gains with Doge2014!
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Lee also raises concerns about Solana’s potential for similar gains. He argues that a **90x increase** in Solana’s price would push it to an unrealistic **$15,700**, resulting in a market cap of approximately **$7.4 trillion**. He considers this scenario highly improbable in the current bull run.
Additionally, Lee highlights the technical advantages of Kaspa, particularly its resilience. He contrasts this with Solana, which has experienced **eight network outages** in a single year. Despite efforts to resolve these issues, Lee believes this track record has damaged Solana’s reputation.
In contrast, Kaspa operates on a **proof-of-work** model with a **block Directed Acyclic Graph (DAG)** architecture, which Lee views as providing fundamental strength and reliability.
**Read Also:** [21Shares Files Officially for a Spot Ripple (XRP) ETF](https://captainaltcoin.com/21shares-files-officially-for-a-spot-ripple-xrp-etf/)
The analyst is particularly excited about the potential for growth on Kaspa’s platform. He mentions the introduction of **KC20**, which allows developers to create tokens on Kaspa. As more projects gain traction, Lee predicts Kaspa could outperform Solana significantly.
Lee also underscores Kaspa’s unique technical features, noting that it is **600 times faster than Bitcoin**, with instant transaction confirmations. He views this efficiency as a standout feature that sets Kaspa apart in the crypto space.
Regarding market fluctuations, Lee reassures viewers that price pullbacks are a normal part of the journey toward reaching new highs. He draws parallels to Bitcoin’s historical performance, suggesting that Kaspa is on a similar trajectory despite current challenges.
https://youtube.com/watch?v=16OzvR1QUaM
When discussing investment strategy, Lee advocates for a **long-term holding** approach. He remains bullish even if the price drops further, expressing confidence that the fundamentals will lead to positive outcomes within six months to a year. While he acknowledges that Solana may still perform well, he believes Kaspa offers a better potential upside.
In comparing the two projects, Lee positions Kaspa as neither a micro-cap nor a legacy project like Solana. Instead, he portrays it as a **safer investment** with greater upside potential. He likens Kaspa to an upgraded version of Solana from its earlier days, emphasizing quality over popularity.
In conclusion, Lee expresses confidence in Kaspa’s future, predicting that its projects will flourish and potentially outshine even Ethereum and Solana in sectors like **DeFi**, **NFTs**, and **AI**.
This optimistic outlook reinforces his belief that investing in Kaspa is a strategic choice for those looking to capitalize on future growth in the cryptocurrency market.
Kaspa (KAS) has seen a significant 45% decline from its all-time high (ATH), leading to speculation about a potential recovery in the near future.
Crypto analyst King Crypto has shared his thoughts on the recent dip, expressing optimism about Kaspa’s ability to bounce back despite the current downturn.
King Crypto’s insights, along with the latest technical chart analysis, suggest that although the asset has faced considerable challenges, increasing buyer interest at lower levels could indicate a potential reversal.
The price has dropped below several support levels, falling significantly from its ATH, which points to a persistent downward trend on the Kaspa chart. According to King Crypto, the 20-day and 50-day moving averages (MA) are showing a negative trend, with the shorter-term 20 MA currently below the 50 MA.
This alignment typically signals continued selling pressure. However, recent price movements suggest a potential bottoming pattern, indicating that the asset may be finding a strong support level where buyers are stepping in.
King Crypto’s tweet echoes this sentiment, mentioning “max bidding” at the bottom level. This term implies heightened buying interest at current prices, which could lay the groundwork for a price rebound. Despite the bearish momentum on the chart, this accumulation phase might mark a turning point for the asset.
Additionally, the Moving Average Convergence Divergence (MACD) indicator also shows bearish momentum. However, a crossover or upward shift in the MACD could signal a potential trend reversal, further supporting this outlook.
Key Support and Resistance Levels
Technical analysis reveals that Kaspa’s price is trading near a critical support zone, labeled as the “Bottom” level on the chart. This support area is seen as a key zone for buyer interest, with a potential reversal forming if buying pressure continues.
If Kaspa’s price rebounds from this level, it will face Resistance 1 ($0.116) as the first significant hurdle. A breakout above this level could indicate renewed bullish momentum, potentially shifting market sentiment.
Further up lies Resistance 2 ($0.1298), a stronger resistance level that could present additional challenges for Kaspa’s upward movement. King Crypto agrees that breaking through this higher resistance could pave the way for a longer-term uptrend, provided that buying interest remains strong.
Analysts Remain Optimistic About Alt Season’s ImpactSource: captainaltcoin.com
The price of Kaspa has been moving sideways for quite some time now, and it’s something that all KAS enthusiasts need to come to terms with, whether they like it or not.
In the past 30 days, Kaspa has seen a 30% decline in value, now trading within the $0.10-$0.12 range. A well-known analyst, “Csm19XD,” has provided insights into why the price of Kaspa is currently being manipulated.
Understanding the Manipulation Pattern
Price charts indicate a steady downtrend in KAS prices during the latter half of 2024. What stands out is the fact that open interest remains high, even increasing at times as the price drops. Typically, when open interest is high in a declining market, it suggests that either more traders are betting on further price decreases, or long-term holders are accumulating more to lower their average entry price.
Kaspa data reveals something intriguing — there are more long positions than short ones, even as the price continues to drop. This suggests that while regular traders are buying in hopes of a price rebound, there may be other forces at play.
On October 25th, a significant $800,000 worth of long positions were liquidated across Binance, ByBit, and Huobi. This wasn’t a random market fluctuation — it coincided with a 35% drop in open interest, indicating that many traders were forced out of their positions.
