As Bitcoin dips below $68,000, the market is witnessing a small downturn. Kaspa and XRP are not performing well during this minor decline, but the new DEX-swapping platform, Lunex Network, continues to rise despite market constraints. Analysts attribute this to the platform’s unique cross-chain capabilities, predicting that Lunex Network could see a surge of 1800% and potentially achieve 100x gains by 2025.
FUD and Lack Of Enthusiasm Causes Kaspa To Drop In Early Q4
Kaspa has often been considered one of the most promising projects in this bull run, largely due to its potential solution to the cryptocurrency “trilemma.”
However, in Q4, Kaspa has succumbed to FUD, dropping nearly 30% this month. The FUD surrounding Kaspa stems from its underperformance over the year, the absence of tier 1 exchange listings, and the controversial statements made by a Kaspa team member on X.
While Kaspa is facing short-term challenges, many analysts believe it has reached a bottom around the 10-cent mark. Some speculate that Kaspa could mirror the trajectory of Cardano in this cycle, with potential gains of 10-20x by 2025.
Will XRP Experience A Rally?
Despite several significant bullish catalysts for XRP this year, various metrics suggest that XRP has been one of the worst-performing cryptocurrencies in the top ten over the past 12 months.
Many are left questioning whether XRP will ever see a substantial rally that could push it past its all-time high of $3.84 from 2017.
Speculation around a potential XRP ETF could generate excitement as the first “ETF bull run” approaches. Some analysts are optimistic that XRP could rally in November, but there’s also concern that this could be another false alarm, as many investors have grown weary of XRP’s resistance to bullish news and its consistent price range between $0.45 and $0.55.
Lunex Network Positioned For Major Growth As A Cross-Chain Leader
Lunex Network is gaining attention for its potential to deliver significant profits during this bull cycle. Experts predict that Lunex Network could provide 100x returns by 2025, with multiple rallies of over 1800% expected within the next year.
The Lunex Network platform simplifies token swapping by eliminating the need for third-party wallets like MetaMask or PhantomWallet. Users can simply choose the cryptocurrency they want to swap, input the recipient’s wallet address, and receive tokens in seconds. It’s a seamless process.
Another key feature of Lunex Network is its decision to remove all KYC requirements, allowing users to access the platform without needing to provide identification documents. This lowers the barrier to entry and appeals to traders who prioritize anonymity.
Lunex Network is revolutionizing cross-chain trading by enabling swaps across more than 50,000 unique blockchains and networks. While it supports well-known tokens like Ethereum, Solana, and XRP, Lunex Network stands out by offering access to lesser-known and emerging tokens that other platforms may restrict, such as meme coins and new layer-1 tokens like Kaspa.
By advancing the DEX space with its unique cross-chain functionality and user-friendly approach, Lunex Network is positioned for significant growth. Currently priced at $0.0019 in the fourth stage of its presale, early investors could see gains of over 100x by 2025. Don’t miss the next anticipated 1800% rally this November!
In a recent analysis, the crypto expert known as tkala draws a comparison between Kaspa (KAS) and Solana’s remarkable rise in late 2020. He points out that during that time, Solana’s price initially dropped from $5 to $1, leading many to prematurely declare its downfall. However, in 2021, Solana made a significant comeback, eventually reaching a peak of $260.
Tkala emphasizes that those who dismiss the possibility of Kaspa reaching $10 by the end of 2025 may not fully grasp the historical context. He draws parallels to Solana’s journey, which saw its market cap grow from $80 million to an astonishing $60 billion, suggesting that Kaspa could follow a similar trajectory.
The analyst’s message is clear: skepticism about ambitious price targets often stems from a lack of experience in witnessing such dramatic market shifts. He encourages investors to adopt a broader perspective and remain open to the potential opportunities that lie ahead for Kaspa.
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Crypto analyst Mia has provided valuable insights into the current state of Kaspa (KAS), highlighting the significance of the $0.1100 support level. According to Mia, holding this support is essential for maintaining bullish momentum in the market.
However, if KAS falls below this critical threshold, Mia warns that it could turn into a resistance level, which may lead to a more bearish outlook for the cryptocurrency.
An in-depth analysis of the KAS/USDT chart shows key support and resistance zones. The $0.1100 level is identified as a pivotal support area, marked by a yellow band just above the current price of $0.10826.
If this support level holds, it could serve as a strong foundation for a potential bullish rebound. However, if the price breaks below this level, the next significant support is around $0.0500, indicating a potential drop of more than 50%.
The Two Possible Scenarios Outlined
Mia outlines two potential scenarios for KAS. In the bullish scenario, if KAS can maintain its price above $0.1100, there is a chance for a rebound, which could lead to a renewed uptrend and a retest of previous highs near $0.15 and beyond.
Conversely, in the bearish scenario, if the price falls below the crucial support level, it could indicate a shift in market momentum. This would suggest that the $0.1100 area could become resistance, potentially leading to a decline toward the secondary support level around $0.0500.
Currently, KAS is trading at $0.10826, just below the critical support level, making the upcoming days crucial in determining whether this level will hold or flip to resistance.
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”
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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.
