Kaspa’s price has remained in a sideways trading pattern, even as numerous other altcoins have reached new highs. Bitcoin, too, has been on an impressive upward trajectory. This stagnation in KAS’s price movement has raised concerns among community members.
The host of Tactical Investing, a crypto-focused YouTube channel with over 30,000 subscribers, has delved into the peculiar case of Kaspa’s current market behavior.
He highlights that while Bitcoin has been trending upward and several altcoins have achieved gains of 50%, 75%, or even over 100%, the price of KAS has significantly underperformed.
A chart showing KAS price trading sideways
The analyst underscores the irony of this situation, given that KAS was one of the top-performing cryptocurrencies throughout 2022 and 2023. At present, the token’s sideways trading has become so pronounced that some investors have jokingly referred to it as a “stablecoin.”
Despite the current stagnation, the analyst views this as a potentially favorable scenario. Drawing on historical patterns, he notes that KAS has consistently established strong support levels at various price points—starting at 1 cent, then 5 cents, and now around 10 cents.
Currently, the token is trading between 15 and 17 cents, which he interprets as a median price range that could precede a breakout.
The host points out that Kaspa’s strongest rallies have historically occurred during periods of market frustration, when other cryptocurrencies were experiencing significant growth.
A Long-Term Strategy for Investors
The analyst advises investors to adopt a long-term perspective, emphasizing that the fundamentals of Kaspa support the possibility of reaching new all-time highs. He suggests price targets of 25 cents and”
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The cryptocurrency market continues to captivate investors as emerging projects compete for attention alongside established names like Kaspa (KAS) and Chainlink (LINK).
Recently, three new altcoins priced under $0.50 have entered the spotlight with unique approaches: Wall Street Pepe (WEPE), Catslap (SLAP), and Crypto All-Stars (STARS).
KAS and LINK Show Strength, But Newcomers Are Gaining Momentum
Kaspa and Chainlink have performed well this year, with LINK seeing a notable 120% price surge in the last 30 days. During the same period, KAS experienced a more modest 44% increase.
However, new market entrants are beginning to attract significant attention from investors due to their unique value propositions and community-focused strategies.
These fresh projects offer early adopters an opportunity to diversify their portfolios and explore innovative concepts.
Wall Street Pepe (WEPE): A New Meme Coin in Presale
Wall Street Pepe (WEPE) is positioning itself as a groundbreaking meme coin designed to challenge the dominance of whale groups in the crypto space.
With a focus on community-driven growth, WEPE provides holders with exclusive trading calls and staking opportunities, empowering retail investors to compete with larger institutional players.
Currently in its presale phase, WEPE has already raised nearly $1,000,000 within days of its launch. Priced at just $0.000203, it offers an early entry point for investors.
The project’s ecosystem includes staking rewards distributed over three years, with wallets earning approximately 3,044 WEPE tokens per Ethereum block.
To participate, investors can connect their crypto wallets, fund them with ETH, BNB, or USDT, and purchase WEPE tokens directly from the platform.
The staking mechanism encourages long-term holding by offering additional incentives to community members. The growing WEPE Army signals a potentially strong future for this project.
Crypto analyst SURAJ_041 has identified several key factors that could potentially propel Kaspa (KAS) to achieve notable price milestones in the near future. According to the analyst, these developments could drive KAS prices to $3 and even $5.
Potential Listings on Prominent Exchanges
The analyst underscores the possibility of Kaspa being listed on three major cryptocurrency exchanges, which could significantly enhance its market visibility. Currently, Kaspa is primarily traded on decentralized platforms. However, potential listings on OKX, Coinbase, and Binance could improve its trading accessibility and liquidity.
At present, KAS futures trading is available on OKX, but spot trading has yet to be implemented on these major platforms.
Grayscale’s Interest in Kaspa
A significant development is Grayscale Investments adding KAS to its Assets Under Consideration list. The analyst views this as a strong endorsement of Kaspa’s potential.
This inclusion signals growing institutional interest in Kaspa’s GhostDAG protocol and its high-throughput capabilities.
Technical Advancements and Network Growth
The analyst points to the upcoming Crescendo Hard Fork, scheduled for Q1 2025, as a critical technical milestone.
This upgrade aims to increase block production from 1 block per second (BPS) to 10 BPS, representing a significant leap in scalability. Testing for this upgrade began in January 2024 through testnet TN11.
We have so many bullish developments on the way and you still think $kaspa will not reach $3-5$ ?
1.OKX Spot listing 2.Coinbase spot listing 3.Binance spot listing 4.GrayScale announced $kas is Asset under consideration. 5.The countdown for the CRESCENDO (10 BPS) has begun.… pic.twitter.com/IEOeTn9bRO
The analyst also highlights Kaspa’s plans to introduce smart contract functionality by mid-2025.
This feature was initially slated for Q1 2025 but is contingent on the successful implementation of infrastructure updates, particularly the Crescendo hard fork.
Atomic Swap Integration
Another notable development is the planned launch of atomic swap functionality for KRC-20 tokens, set for December 10, 2024.
This feature will allow direct peer-to-peer token exchanges without intermediaries, leveraging Kaspa’s high-speed infrastructure and low transaction costs.
Considering these advancements, the crypto analyst maintains a bullish outlook on KAS, suggesting that a price range of $3-$5 is achievable. The combination of institutional interest, technical upgrades, and broader trading access could create favorable conditions for price growth.
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Tommy Does Crypto shares his perspective on Bitcoin’s current market trends, highlighting a strong resistance level near the $100K mark. According to the analyst, Bitcoin is likely to oscillate between $90K and $100K before potentially surpassing the psychological $100K threshold later in December.
In addition, the crypto expert delves into Kaspa’s price movements, identifying the emergence of a bullish cup-and-handle pattern. He suggests that KAS could soon enter price discovery mode, with particular attention to resistance near its all-time high levels.
Tommy also discusses challenges within the KRC20 ecosystem, especially concerning meme coins and the performance of Crypto Galaxy. He outlines his strategy of accumulating certain KRC20 meme tokens, specifically naming Doge-K and Casby as potential high-reward investments.
Concerns About XRP
The analyst examines XRP’s recent market performance, noting its fourfold increase over 30 days and its rise to the position of the third-largest cryptocurrency with a $139 billion market cap. Tommy Does Crypto raises concerns about XRP’s centralization, pointing out that Ripple controls 55% of the total supply.
In the current market landscape, Bitcoin is trading near the $100K resistance zone, while XRP has reached a $139 billion market cap. Meanwhile, Kaspa, with a $5 billion market cap, has experienced remarkable growth from $0.03 to $0.15. Tommy predicts further upside potential for KAS, with price targets between $2 and $5.
The analyst believes that Kaspa could eventually rival Ethereum and potentially challenge Bitcoin’s dominance. He encourages readers to conduct their own research into Kaspa while cautioning against centralized cryptocurrencies like XRP.
Kaspa (KAS) has become a topic of interest regarding its growth potential during the current altcoin season. A recent analysis on YouTube by Crypto Space, a channel with 6.6k subscribers, delves into whether Kaspa can leverage the market’s momentum. The video focuses on its price trends, technical indicators, and overall market conditions, offering a data-driven perspective for traders and investors.
Altcoin Season and Kaspa’s Market Dynamics
The analysis highlights that the cryptocurrency market is currently in a confirmed altcoin season, marked by a general increase in altcoin prices. However, Kaspa’s price movement has yet to fully align with the broader market’s upward trend.
Image Source: YouTube/CryptoSpace
Historically, altcoin seasons often see peaks followed by corrections. On a yearly scale, the current altcoin season seems to be in its early phases, leaving room for potential growth. Analysts advise traders to exercise caution, particularly when using leverage during volatile periods.
The Fear and Greed Index reveals elevated greed levels, which have historically preceded market corrections. This suggests the possibility of short-term price declines before cryptocurrencies, including Kaspa, regain upward momentum.
The recent performance of Kaspa’s price has been underwhelming. Over the past two days, the value of KAS has dropped by over 5%. This decline has caught many by surprise, especially as numerous altcoins are currently experiencing upward trends in value.
Kaspa has garnered significant attention within the cryptocurrency ecosystem, quickly climbing the ranks in a short period. A major factor contributing to its appeal is its GHOSTDAG protocol. This innovative protocol allows blocks created simultaneously to coexist as part of the valid blockchain history. By enabling parallel block creation, Kaspa achieves exceptionally fast block rates—currently generating one block per second, with the potential to scale up to 10-100 blocks per second.
The stagnation in Kaspa’s price could be attributed to the fact that recent market spikes have predominantly impacted Bitcoin and other first- and second-generation cryptocurrencies. Let’s delve deeper into the details surrounding KAS and explore three alternative altcoins worth considering.
Alleged Manipulation on MEXC
In addition to the potential lack of market focus on Kaspa, crypto analyst Alex (@apichukov) has raised concerns about possible price manipulation of KAS on the MEXC exchange. The analyst identified a recurring pattern occurring every 1-2 hours on the platform, suggesting a systematic approach aimed at suppressing KAS price movements.
According to Alex, the pattern becomes evident when KAS shows signs of upward momentum. At these moments, an automated system appears to place sequential sell orders—each amounting to millions—into the order book. These large-scale sell orders are reportedly timed strategically to exert downward pressure on the price of KAS.
The analyst emphasized that this behavior was observed multiple times throughout the day on MEXC, indicating a consistent and possibly automated manipulation pattern rather than isolated incidents. To substantiate these claims, Alex documented the activity with video evidence.
3 Promising Presale Alternatives to Kaspa (KAS)
As Kaspa’s price struggles to meet the bullish expectations of its holders, other tokens are preparing for launch, offering potential opportunities for significant gains.
Presales provide a chance to invest in projects at their inception. Below are three presales that present early investment opportunities, with the potential for 100x returns.
Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is a Layer-2 solution designed to address Ethereum’s limitations in transaction speed and cost. The project has already secured over $60 million in presale funding and is set to debut on crypto exchanges soon.
PEPU aims to deliver a comprehensive ecosystem that includes a decentralized exchange, cross-chain bridge, block explorer, and staking opportunities.
A standout feature is its meme coin launchpad, enabling users to create tokens without coding knowledge while incorporating anti-rug pull measures. Additionally, the project offers a developer grant program to encourage building on the Pepe Unchained L2 network.
The presale phase provides early investors with passive income opportunities through staking. With the current bullish market conditions and Bitcoin reaching new highs, the timing appears favorable for the project’s launch.
