Kaspa and Zcash are gaining attention, with predictions of significant growth as the bull market approaches. ChangeNOW has observed a rise in transaction volumes for these cryptocurrencies. The platform, which allows crypto exchanges without requiring registration, is seeing increased usage from savvy investors and large holders concerned about the safety of their funds. This trend suggests that investors are accumulating these assets, which could indicate potential future growth.
Zcash Shows Oversold Signals; Bulls May Drive Price Towards $67 Resistance
Zcash (ZEC) is currently trading between $38 and $50. With an RSI around 32 and a Stochastic Oscillator near 13, both indicators point to oversold conditions, potentially signaling a bullish reversal. Over the past month, the price has increased by more than 10%. The nearest resistance level is at $55, and breaking through this could propel Zcash to the next resistance at $67, offering a potential gain of over 20%.
Despite a negative MACD level, the recent positive price movements suggest that bulls are gaining momentum. The current market setup favors further increases in Zcash. This cryptocurrency is available on ChangeNOW without registration and with no hidden fees.
Kaspa Gains Bullish Momentum as Price Eyes Key Resistance Levels
Kaspa’s price is currently fluctuating between $0.11 and $0.18. Over the past week, it has risen by 19.92%, showing bullish signs. The nearest resistance level is at $0.20, and if the price surpasses this point, the next target could be $0.26. The RSI is at 34.56, indicating that the asset is not overbought.
The 10-day and 100-day simple moving averages are both at $0.14, suggesting price stability. Given these factors, the market setup appears favorable for purchasing Kaspa. It is available on ChangeNOW without registration and with no hidden fees.
Kaspa (KAS) and Zcash (ZEC) present appealing opportunities for investors and traders as the market prepares for an upward trend. Kaspa’s innovative blockchain solutions offer the potential for significant gains, while Zcash’s advanced privacy features attract those who prioritize transaction confidentiality.
For those interested in these cryptocurrencies, ChangeNOW offers an excellent platform for conducting transactions. It allows users to exchange, buy, or sell these coins with no hidden fees or registration, enhancing security by not holding user funds. Supporting over 900 cryptocurrencies, ChangeNOW imposes no limits on transaction volumes and provides the convenience of purchasing crypto with a bank card.
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Kaspa has been a cryptocurrency to keep an eye on for quite some time due to its significant price fluctuations and its ability to trend upward rapidly. Various analysts have made predictions about the future price of KAS and how high it could potentially rise.
One of the most recent predictions comes from CryptoGrodd, who is optimistic that Kaspa is on track for a surge to $20. The analyst provided several reasons for this forecast. Let’s take a closer look at each of these factors.
KRC20
KRC-20 tokens on the Kaspa network represent a significant leap forward in blockchain token standards, merging smart contract functionality with the network’s high-performance GHOSTDAG protocol. These tokens facilitate decentralized application (dApp) development while maintaining fast block confirmations (approximately 10 seconds) and parallel processing capabilities, which help reduce network congestion.
The economic model behind the KRC-20 standard, which includes dual mining rewards and has generated substantial adoption fees, has positioned Kaspa as a competitive platform for decentralized applications and token-based projects.
Kaspa’s architecture allows for rapid block creation and high transaction throughput with minimal delays. This performance makes it ideal for decentralized finance (DeFi) and dApps that require quick execution times.
The network maintains consistent speed as usage increases, combining proof-of-work security with the scalability needed for widespread adoption.
First Blockdag
Kaspa’s GhostDAG protocol allows for parallel block processing, deviating from the traditional sequential approach of blockchain technology.
By processing multiple blocks simultaneously and incorporating orphan blocks into its consensus mechanism, GhostDAG achieves faster confirmations and higher throughput compared to single-block chains.
Kaspa was launched on November 7, 2021, with a fair launch—there was no pre-mining, pre-sale, or token allocations for developers or early investors. This approach ensured that all participants had an equal opportunity to mint tokens from the very beginning.
This community-driven launch focused on organic growth through research and development rather than relying on marketing campaigns, fostering genuine user engagement and shared ownership.
Smart Contracts Coming
Kaspa is in the process of developing smart contract capabilities, although no official launch date has been announced. The development team is currently researching how to integrate smart contracts with the GHOSTDAG protocol while maintaining the network’s security and performance.
Once implemented, these smart contracts will enable automated transactions and agreements, supporting dApp development across DeFi and other sectors, all while leveraging Kaspa’s high throughput and low latency.
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.
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.
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.
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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.
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.
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”
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.
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.
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.
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.
