Kaspa Influencers Urge: ‘Withdraw Your KAS’ After Over 58 Million Tokens Exit Major Exchanges

Nov 11, 2024 | Price Discussions and Predictions

Many Kaspa influencers have remained optimistic about the Kaspa coin, even during times when the price hasn’t performed as bullishly as anticipated. One of the most vocal supporters of Kaspa (KAS) is Jim, also known as S𐤊i ₿um, who has garnered over 16,000 followers on X.

However, yesterday, Jim appeared concerned by some unexpected metrics, leading him to believe that the price might be on the verge of a significant drop.

https://twitter.com/skibumtrading/status/1855627749496414406

According to the crypto analyst, a substantial amount of KAS tokens have been withdrawn from the MEXC and GATE exchanges. These movements are noteworthy as these two exchanges currently hold the largest amounts of the token.

Read Also: These 7 Altcoins Could Spike 100X in 4 Months: Crypto Researcher

The chart shared by the analyst indicates that over 58 million Kaspa tokens have been withdrawn from these platforms. Specifically, more than 26 million tokens were taken out of MEXC, while over 32 million tokens were withdrawn from Gate.io.

Despite the fact that these exchanges still hold a significant amount of KAS, the analyst suggests that it might be a good time for Kaspa holders to consider selling. He advises: “withdraw your $KAS.”

Kaspa Price Remains Resilient

Despite the call to sell, Kaspa’s price has remained strong, experiencing a more than 50% increase in the past week. This could be attributed to the overall positive sentiment in the cryptocurrency market.

Kaspa Influencers Urge: ‘Withdraw Your KAS’ After Over 58 Million Tokens Exit Major Exchanges

Bitcoin surpassing a critical level of $80,000 and the election of a pro”

Source: captainaltcoin.com

Analyst Predicts Potential Triple-Digit Gains for Kaspa (KAS) Price – Here’s Why

Nov 10, 2024 | Price Discussions and Predictions

Kaspa (KAS) appears to be on the verge of a significant rally as it rebounds from a crucial support level. Well-known analyst Jeff Sekinger recently posted on X (formerly Twitter) about Kaspa’s price action, suggesting the potential for a triple-digit surge, similar to what KAS experienced in November of last year. This recent price recovery, combined with historical trends, is generating optimism among traders who are expecting a bullish breakout.

Kaspa Chart Analysis: Key Support Zone Sparks Confidence

The KAS chart highlights a well-defined support range between $0.10 and $0.11, where Kaspa’s price has consistently rebounded in recent months. This zone has been critical in providing a solid base for the token, enabling buyers to step in and halt further declines.

After touching this support area, KAS saw a 9.08% daily increase, climbing to around $0.122. The repeated bounce from this level suggests a bullish sentiment among investors, who continue to accumulate at these prices.

Resistance levels above, particularly in the $0.18 to $0.20 range, present potential targets if the price breaks out of its current consolidation. These resistance points will be essential in determining the strength and longevity of any upward movement in KAS price.

Analyst Predicts Potential Triple-Digit Gains for Kaspa (KAS) Price – Here’s Why
Image Source: X/JeffSekinger

In addition to this strong support zone, Kaspa’s price recently broke through a descending trendline, signaling a shift in market sentiment. The trendline, which had been connecting lower highs, indicated a bearish trend that now appears to be losing strength.

This breakout from the trendline suggests the possibility of a reversal, with bulls potentially gaining control of the market. If KAS can sustain this upward momentum, it could lead to a significant rally, aligning with Sekinger’s prediction of a potential triple-digit month.

Read Also: Why is Notcoin (NOT) Price Up Today?

RSI Points to Momentum Shift

The Relative Strength Index (RSI) further supports the bullish outlook. Currently sitting slightly above the midline, the RSI indicates a positive momentum shift without reaching overbought”

Source: captainaltcoin.com

Kaspa (KAS) Set for Major Exchange Listings? Here’s Why Timing Matters

Nov 9, 2024 | Price Discussions and Predictions

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Analyst Tkala (@tkalakaspa) recently provided insights into Kaspa’s (KAS) potential listing on Tier 1 (T1) exchanges, such as Binance and Coinbase. His analysis suggests that there are strategic buying activities happening behind the scenes, with an emphasis on timing to maximize returns.

The analyst discusses how major exchanges could be positioning themselves for an advantageous listing opportunity, highlighting Kaspa’s unique market position and the role of OTC (Over-the-Counter) transactions.

OTC Purchases Help Maintain Kaspa’s Price Stability

Tkala speculates that T1 exchanges looking to list Kaspa may be acquiring large amounts of the coin through OTC transactions to ensure liquidity without affecting the public price. By purchasing at a 20-30% discount compared to market prices, these exchanges can minimize visibility and avoid the price fluctuations typically seen with retail transactions.

According to Tkala, this could explain why Kaspa has maintained a stable price around $0.11. These bulk OTC acquisitions don’t directly impact exchange prices, allowing large players to accumulate without causing immediate market shifts.

https://twitter.com/tkalakaspa/status/1855007395753111954

Strategic Timing and Bullish Market Conditions

Exchanges tend to list assets when market conditions are favorable to ensure profitability. Tkala points out that exchanges like Binance and Coinbase would prefer to list Kaspa during bullish market conditions, allowing them to sell their holdings to the public at a higher profit.

With recent economic uncertainties and events like the U.S. election, exchanges may have postponed their listing plans. However, if economic conditions improve under new policies, bullish momentum could increase, providing an ideal environment for a well-timed listing.

Read also: Here’s Why Cronos (CRO) Crypto Price Is Pumping

Kaspa’s Unique Market Opportunity

In Tkala’s opinion, Kaspa offers a rare investment opportunity for exchanges. With its strong fundamentals and rapid development, Kaspa has significant potential compared to many other projects.

This uniqueness may encourage T1 exchanges to take advantage of the project when conditions are right, offering substantial returns. By waiting for the “perfect moment” to list Kaspa, exchanges could maximize their gains by leveraging the project’s momentum.

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Source: captainaltcoin.com

Is Kaspa in Trouble? 3 Alarming Signs for KAS Holders

Nov 8, 2024 | Price Discussions and Predictions

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Memes continue to dominate the cryptocurrency landscape, while utility-driven coins, particularly those that have seen significant gains in the past, are struggling to keep up. One such coin is Kaspa (KAS).

Recently, Kaspa’s price movement has been sluggish, with the coin dropping by 3.5% today. Below are three reasons why KAS holders might be feeling uneasy as we near the end of the year.

Lackluster Price Movement

Kaspa’s price has been moving sideways for several months. After hitting an all-time high of approximately $0.2 in August, KAS entered a correction phase. Over the past few weeks, the coin has been stuck in a range between $0.10 and $0.12. This stagnant price action can be discouraging for traders, leading them to explore other opportunities.

Profit-Taking Pressure

Kaspa’s all-time low was around $0.0002, meaning early investors are sitting on significant gains. As these investors take profits, it could exert substantial selling pressure on the KAS price.

Memes Outperforming Utility Coins

Kaspa is a utility-focused cryptocurrency that leverages a unique blockDAG (Directed Acyclic Graph) architecture, utilizing the GHOSTDAG protocol. However, in the current market environment, meme-based coins are outperforming other altcoins. Recent examples include NEIRO, POPCAT, and D.O.G.E., all of which have surged over 100% in a short period.

This trend indicates that traders are primarily focused on the meme coin sector, potentially diverting capital away from utility-focused projects like Kaspa.

While it’s essential not to dismiss Kaspa entirely, KAS holders and prospective investors have valid reasons to be cautious about the coin’s short-term outlook, given the current market conditions.

Read also: Kaspa’s On-Chain Metrics Explode – Will KAS Price Do the Same?

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Kaspa (KAS) Set for Major Exchange Listings? Here’s Why Timing Matters

Source: captainaltcoin.com

Kaspa’s On-Chain Metrics Surge – Will KAS Price Follow Suit?

Nov 7, 2024 | Price Discussions and Predictions

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Kaspa (KAS) has captured the attention of both analysts and crypto enthusiasts due to its impressive on-chain metrics. Recently, Kaspa processed over 13 million transactions in a single day, highlighting its ability to handle a high volume of transactions efficiently.

This surge in activity has led traders to wonder if this growth will be reflected in the price of KAS. Tweets from notable crypto influencers, such as @OfficialTravlad and @Theblockvlog, provide valuable insights into Kaspa’s current market position and sentiment.

According to @OfficialTravlad, Kaspa is a standout project, especially in the Proof of Work (PoW) space, having achieved a significant transaction milestone. With millions of transactions processed in just 24 hours, this activity demonstrates the network’s scalability.

Key Support and Resistance Levels for KAS

Analyst @Theblockvlog has provided an analysis of Kaspa’s price levels, identifying a key support range and a critical resistance point. In his chart, Kaspa’s price has maintained stability within a support zone between $0.1020 and $0.1080, often referred to as the “golden pocket.”

This level has seen significant buying interest, with multiple price wicks indicating strong demand. On the other hand, a resistance level has formed at $0.1210. If the price closes above this point, it could trigger bullish momentum.

This resistance level is considered a potential breakout zone, and analysts are closely watching Kaspa’s performance in this range.

Kaspa (KAS) Price Mirrors Solana’s Legendary 260x Surge: Could History Be Repeating Itself?

Nov 6, 2024 | Price Discussions and Predictions

Kaspa (KAS) has been drawing comparisons to Solana’s (SOL) remarkable rally in 2020, with many supporters pointing out similarities in both price action and market sentiment. Recent discussions on X (formerly Twitter) have seen Kaspa advocates referencing historical trends that suggest the potential for significant price gains.

Crypto enthusiasts are speculating that Kaspa could follow a similar path to Solana, which saw a meteoric rise from a low valuation to a market high. This speculation has fueled conversations about Kaspa’s long-term potential.

Kaspa Enthusiasts Draw Parallels to Solana’s 2020 Market Surge

Crypto user @tkalakaspa highlighted the similarities between Kaspa’s current trajectory and Solana’s historic rise. They noted that Solana dropped from $5 to $1 in late 2020, with many doubting its potential. However, in 2021, Solana experienced a massive rally, reaching a peak of $260.

For context, Solana’s market capitalization surged from $80 million to $60 billion during this period. Kaspa backers believe this comparison highlights the potential for significant upward movement, emphasizing that market sentiment alone doesn’t dictate a project’s ceiling.

The tweet also suggests that some investors are hesitant to predict Kaspa’s rise to $10 by 2025, much like early skeptics of Solana. By drawing on historical examples, @tkalakaspa hints at the unpredictability of crypto markets and the potential for exponential growth.

Read also: Cardano (ADA) Price to Spike 50% If This Key Resistance Breaks

Chart Analysis Suggests a Bullish Kaspa Trend

Another tweet from crypto analyst @realhus2 also signals optimism, predicting that Kaspa could soon reach $0.50. They pointed to a weekly green candle closing as a sign of support, which could lay the foundation for further gains.