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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.
The price of XRP shows no signs of slowing down, reaching $2.8 earlier today after a staggering 400% price surge over the past few weeks. However, not everyone in the cryptocurrency space is impressed by the token’s performance. One such critic, KaspaSilver, shared his perspective on X, sparking a discussion about XRP’s value and structure.
KaspaSilver made a strong case for favoring Kaspa (KAS) over XRP, even as Ripple’s token continues to gain momentum. The analyst highlighted a key issue with XRP, describing it as a test for the cryptocurrency community due to its inherent contradiction. He argued that investing in XRP essentially supports the same centralized financial systems that cryptocurrency was originally created to challenge.
KaspaSilver pointed to Kaspa as a decentralized alternative that aligns more closely with the original vision of cryptocurrency. His argument gained further traction when responding to a question from trader Reymond Manta, who compared XRP’s steady price performance to the more volatile movements of KAS.
In response to Manta’s comments about XRP’s price stability, KaspaSilver offered a critical analysis of XRP’s tokenomics. He highlighted the centralized nature of XRP, noting that Ripple still controls over 43% of the total token supply. This concentration of power, he argued, stands in stark contrast to the decentralized ethos of cryptocurrencies like Kaspa.
Through this analysis, the crypto analyst underscored the differences between XRP’s centralized framework and Kaspa’s decentralized model. He suggested that investors seeking true innovation in the cryptocurrency space might find greater value in KAS, despite XRP’s current price surge.
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Kaspa (KAS) has become a significant point of interest in the cryptocurrency market, demonstrating a strong bullish trend that has garnered the attention of its dedicated and enthusiastic community.
Renowned analyst Alex Clay highlighted the solid technical framework of KAS’s price movement, pointing out 371 days of accumulation followed by a clear breakout. In his tweet, Clay identified specific price targets for traders to watch: $0.280430, $0.395145, and $0.511035.
Adding to this positive outlook, chart patterns reveal a robust upward-sloping trendline acting as support, coupled with a breakout from a year-long consolidation phase.
Fibonacci extensions support the identified targets, indicating potential resistance levels and profit-taking zones. The growing optimism around Kaspa aligns with the increasing interest in altcoins, as market trends shift toward mid- and low-cap cryptocurrencies.
Pepe Unchained Presale Exceeds $65 Million – The Next Big Meme Coin?
The Pepe Unchained presale has emerged as a major success in the current crypto market, raising an impressive $65 million during its ongoing presale phase.
The token, priced at $0.01295, includes features such as a decentralized exchange (DEX), a bridge, and a block explorer.
Investor interest in Pepe Unchained reflects the growing enthusiasm for meme coins during the altcoin season, with the alt-season index currently at 76. The project’s promise of faster transaction speeds and reduced fees compared to Ethereum has added to its appeal. This presale milestone underscores its potential to generate significant activity once it secures exchange listings.
Kaspa has been fluctuating within the range of $0.14 to $0.17, and market observers believe it could be gearing up for a significant move in the near future.
Renowned analyst King Crypto recently shared his thoughts on X, suggesting that Kaspa’s charts indicate a potential breakout. He anticipates the cryptocurrency may surpass its previous highs and venture into uncharted territory. As Kaspa’s price continues to align with its 20-day moving average (MA), traders are closely monitoring for a breakout above current resistance levels.
KAS Technical Analysis
Kaspa’s price has been consolidating between $0.14 and $0.17 for some time. According to King Crypto’s analysis, this type of sideways movement often signals accumulation, where investors are quietly buying in anticipation of a larger move. Traders appear to be positioning themselves for a potential breakout while the price remains within this range. Historically, prolonged consolidation like this often precedes a strong upward trend.
Chart analysis reveals that Kaspa’s price has consistently respected a key support level around $0.142253, with multiple bounces off this zone. This indicates strong buying interest at this level. A decisive break above the $0.176028 resistance level could pave the way for further gains, potentially pushing the price into new territory.
Currently, Kaspa’s price remains above its 20-day moving average, which continues to provide support during this consolidation phase. This suggests that buyers are still active in the market. Meanwhile, the 50-day moving average is beginning to flatten out and could act as additional support if the price experiences a minor pullback.
King Crypto’s analysis emphasizes that the consistent movement above the 20-day MA could act as a catalyst for a breakout. As the 20-day MA guides the price action upward, the likelihood of Kaspa challenging the $0.176028 resistance level becomes more apparent. Should this resistance be breached, the cryptocurrency may enter a phase of price discovery.
While the overall outlook for Kaspa remains bullish, the cryptocurrency faces a significant resistance level at $0.176028. This price point has previously acted as a barrier, with selling pressure emerging at”
