Kaspa (KAS) continues to attract attention from crypto traders and investors, with many wondering if its price has already peaked. A tweet by @mikroweller raised concerns that the current market structure might resemble a Wyckoff Distribution pattern.
However, despite these concerns, both fundamental and technical indicators suggest that Kaspa’s price may still have room for growth.
Fundamental Catalysts for Kaspa’s Growth
According to @mikroweller, one of the key factors that could drive Kaspa’s future price appreciation is its absence from Tier 1 (T1) exchange listings. Kaspa remains one of the few top-ranking cryptocurrencies not yet listed on major exchanges such as Binance or Coinbase.
The lack of these listings has limited liquidity and volume, but when the anticipated listings occur, it could unlock significant upside potential. Additionally, the upcoming “10 BPS” hard fork, scheduled for early 2025, is another catalyst.
This technical upgrade is expected to bring improvements to Kaspa’s network and could coincide with favorable market conditions, potentially driving price appreciation.
The Kaspa Industrial Initiative (KII) is also set to bring real-world adoption by integrating Kaspa into industries like banking, insurance, and energy trading, further boosting its long-term prospects.
On the technical side, several indicators suggest that Kaspa is still in an accumulation phase, not a distribution. Data from the Kasmedia Market Dashboard shows growing capital inflows, with the 30-day Realized Price Change increasing by 5.81%.
This trend indicates that more capital is entering the market, laying the groundwork for future bullish movements. Additionally, the 90-day Coin Days Destroyed (CDD-90) has decreased, signaling that long-term holders are refraining from selling their coins.
Such behavior typically points to accumulation, which could reduce selling pressure and set the stage for price increases when demand rises.
Long-Term Holders Show Confidence
Various on-chain metrics also show confidence from long-term holders. Indicators like the Reserve Risk and the Long-Term Holder (LTH) to Short-Term Holder (STH) Cost Basis Ratio reflect strong support from those holding KAS for extended periods.
The Net Unrealized Profit/Loss (NUPL) stands at the 12.20 percentile, suggesting that Kaspa is still undervalued, which could lead to upward movement in the future.
Despite short-term bearish trends shown by the 50 and 100-day moving averages, longer-term indicators such as the 200-day moving average and 100-week moving average reflect strong support and growth potential.
In a recent post on X, crypto expert Wauwda revealed his top five favorite projects from the top 100 cryptocurrencies. His list includes notable names like [Bittensor (TAO)](https://captainaltcoin.com/why-bittensor-tao-could-become-a-10-billion-market-cap-ai-crypto-coin/) and Kaspa (KAS).
These projects, which range from decentralized [AI](https://captainaltcoin.com/best-ai-crypto-projects/) training to blockchain scalability solutions, are gaining significant attention in the crypto community. Each project offers unique features, with the list also highlighting Render (RNDR), Injective (INJ), and Ondo (ONDO).
Bittensor (TAO): Decentralized AI Training
Ranked 24th among the top 100 crypto projects, Bittensor (TAO) is recognized for providing the fastest decentralized AI training globally, capable of handling models with over 100 billion parameters, according to @wauwda. This innovative approach to AI has caught the attention of key figures such as Ethereum’s Vitalik Buterin, Coinbase’s Director, and Grayscale.
Bittensor’s tokenomics are similar to Bitcoin, with a capped supply of 21 million tokens and halving events every four years. Prominent Bitcoin holder Barry Silbert is also optimistic about the project. The platform currently supports over 48 subnets for running AI models on the blockchain, further expanding its influence in both the AI and crypto spaces.
Kaspa (KAS): Solving the Blockchain Trilemma
Kaspa (KAS), ranked 28th, is making headlines with its fair-launched Proof-of-Work (PoW) BlockDAG, which addresses the blockchain trilemma. Wauwda notes that the project aims for an impressive 100 block transactions per second (BPS).
Kaspa’s research founder is frequently cited by other notable projects, including [Ethereum (ETH)](https://www.fxstreet.com/cryptocurrencies/news/ethereum-fud-returns-as-ico-whale-offloads-another-47m-202410030730), Polkadot (DOT), and Avalanche (AVAX). The project has strong ties to the mining sector, with Marathon Digital Holdings (MARA), the largest Bitcoin mining company, actively mining Kaspa.
BlackRock, the world’s largest asset manager, holds a 12.40% stake in Kaspa, further solidifying the project’s credibility. Kaspa has reached all-time highs in its hashrate, positioning itself as the second-largest mining pool globally, surpassing Dogecoin.
Render (RNDR) and Injective (INJ): Innovation in GPU Rendering and DeFi
Render (RNDR), ranked 29th, has earned the title of “the decentralized Nvidia of crypto” due to its focus on decentralized GPU rendering. With partners like Apple, Disney, and Cinema4D, Render is a key player in the graphics and AI industries.
The project is backed by major advisors, including J.J. Abrams, Brendan Eich, and Ari Emanuel. Render powers Apple’s Vision Pro, which is expected to ship 10 million units by 2026, addressing GPU scarcity through blockchain technology.
[Injective (INJ)](https://captainaltcoin.com/analyst-highlights-next-key-levels-for-injective-inj-as-rally-continues-anticipates-100-price-surge/), ranked 42nd, is notable for powering the first tokenized index for BlackRock’s BUIDL Fund. With backing from Binance, Pantera, and Jump, Injective aims to be one of the most deflationary assets in the crypto market.
The project supports over 200 decentralized applications and has a $150 million ecosystem fund to foster growth.
Ondo (ONDO): Leading the Charge in Tokenized Treasuries
Ranked 68th, Ondo has rapidly gained recognition for its contributions to tokenized treasuries. With backing from BlackRock, Founders Fund, and Pantera Capital, the project has raised $224 million out of its $350 million target for BlackRock’s BUIDL initiative.
Additionally, Ondo has surpassed BlackRock in total value locked (TVL) for tokenized treasuries. The project’s leadership team includes ex-Goldman Sachs professionals, further bolstering its position in the market.
A significant shift is occurring in the crypto world as holders of established coins like Kaspa and Ripple are reallocating their profits into a new, highly disruptive crypto casino. Let’s explore why experts are so optimistic about the potential of Rollblock (RBLK) this cycle, with many forecasting substantial gains, possibly up to 100x, for this innovative web3 casino startup!
Kaspa (KAS) Poised for Growth with Upcoming Listings
Kaspa has been consolidating around the $0.16 mark after reaching a new all-time high above $0.20 in August. There are indications that Kaspa may soon be listed on another tier 1 exchange, sparking speculation that the coin could soon enter a bullish phase of price discovery.
This period of consolidation has established a solid foundation for Kaspa’s price action moving forward, with strong support at $0.14 expected to hold in the event of any potential dips.
Ripple (XRP) Whales Quietly Accumulating
Ripple saw a 4% drop in market cap today, bringing its price to $0.62. However, crypto analysts have noted that Ripple whales have been quietly increasing their holdings. In the past 10 days, over 470 million Ripple tokens have been added to whale reserves. Many of these large investors bought in when the price was around $0.58, and they are now sitting on solid gains.
On the other hand, retail interest in Ripple has waned recently, with a reported 33% drop in 24-hour trading volume across exchanges. It seems that short-term traders have taken their profits and moved on to other opportunities with potentially higher returns.
Rollblock (RBLK) Web3 Casino Offers an Immersive Gaming Experience
Rollblock (RBLK) is built on a straightforward premise: the current online casino experience is flawed, and blockchain technology is the solution. Rollblock aims to bring transparency to the $450 billion online casino industry, which is often plagued by bet manipulation and unethical practices.
By encrypting bets on the Ethereum blockchain, players can independently verify that Rollblock has not tampered with any transactions and that the odds advertised are accurate. The platform also offers a seamless, anonymous, KYC-free onboarding process, eliminating the risk of user data being compromised.
Rollblock’s live betting feature enhances the experience of over 7,000 immersive casino table games, all powered by cutting-edge AI technology. Additionally, the upcoming Sports Betting feature is expected to add even more revenue streams to this already promising business model.
All payouts are made in the native RBLK token, making Rollblock jackpots highly valuable. RBLK holders can also benefit from staking rewards of up to 30%, and a unique revenue-sharing scheme is designed to reduce token supply on exchanges using profits generated by the casino.
At the current price of $0.03, RBLK tokens are selling out quickly in stage 7 of the presale. Investors looking to capitalize on this opportunity should consider making an allocation before the price increases in the coming weeks.
Explore the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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At the beginning of Q4, the broader [crypto market is not showing much optimism](https://captainaltcoin.com/why-is-the-crypto-market-down-today-bitcoin-price-dips-to-60k/), possibly due to ongoing geopolitical tensions in the Middle East. During this downturn, Kaspa’s price also took a hit, dropping by 5.5% and currently hovering around $0.15.
Despite this decline, many crypto analysts maintain a positive long-term outlook on Kaspa. One such analyst is the popular channel “Crypto Banter,” which recently shared a viral Kaspa chart.
According to their chart, [Kaspa remains in a long-term uptrend](http://The broader crypto market is not giving us flowers at the start of Q4, likely due to the ongoing tensions in the Middle East. During this dip, the Kaspa price took a hit as well, plunging 5.5% and now trading around $0.15. Of course, many crypto analysts still remain bullish on Kaspa, especially long-term. One of those is the popular channel “Crypto Banter,” which posted a viral Kaspa chart yesterday. On their chart, we can see that Kaspa is in a long-term uptrend. They identified two buy zones – one at $0.14, which is in line with support lines from September and August. If this level is breached, they identified another buy zone in the $0.10 range. Whoever has been following KAS for a longer period knows that this level acted as very strong support throughout the whole year. Source: X/@crypto_banter Based on this chart, they also updated their Kaspa price prediction. Despite their anticipation that Kaspa might dip below $0.15 and towards those buying zones, they do expect a bounce in Q4 and a march towards the $0.185-$0.19 range. The tweet accompanying the chart provides further insight into their analysis. As they note, “$KAS continues to build a strong longer-term position as part of the bull run.” They’re looking for a higher low to form around $0.15, which they mark as the next Dollar Cost Averaging (DCA) area of interest. Crypto Banter also suggests that if the trend breaks, they’ll look to the $0.12 level for a potential bounce. Their strategy involves “DCA for a longer-term position” with an entry point at $0.15. Despite Kaspa, What’s the Best Crypto to Buy the Dip? One of the cryptocurrencies that are potentially interesting is PandaWorld’s PADW. This new meme coin is currently in presale, having raised $120,000 already. PandaWorld also features a gaming component that includes a casino and a turn-based role-playing game (RPG) centered around six panda characters. PandaWorld operates on the Ethereum blockchain as an ERC-20 token. Users can stake their PADW tokens to earn rewards. PandaWorld allocates a portion of the profits generated from its Play-to-Earn (P2E) games, online casino, and other content platforms to users who stake their $PADW tokens. Also, their casino is an integral part of its broader ecosystem, designed to offer a unique gaming experience while ensuring fairness and transparency through blockchain technology.” target=”_blank” rel=”nofollow). They have identified two key buy zones: one at $0.14, which aligns with support levels from August and September, and another at $0.10, a level that has historically provided strong support throughout the year for KAS.
Excitement is building in the cryptocurrency world as certain digital assets show signs of significant growth. Kaspa (KAS) is poised for a potential rise, while Shiba Inu (SHIB) and Dogen are expected to reach important milestones by 2024. This article delves into the factors driving these promising cryptocurrencies and what could propel their growth in the near future.
DOGEN: The Meme Token Making Waves in the Crypto Space
While Doge, Shib, and Floki have gained attention, DOGEN is emerging as a strong contender in the meme token arena. DOGEN is being positioned as a bold, high-potential token that appeals to holders looking for significant returns. Its community is described as resilient and determined, with a focus on long-term growth.
With no major dips or setbacks, DOGEN is expected to continue its upward trajectory, aiming for new all-time highs. The token is projected to experience a 700% surge in the coming months, driven by its Solana-based infrastructure and strong community support.
In addition to its growth potential, DOGEN is offering an airdrop for early supporters. By participating in the presale and referring others, users can earn rewards, including 20% of the Golden Points from token purchases made by their referrals. The referral program also includes a tiered system, allowing participants to unlock additional rewards as they bring more users into the community.
As altseason approaches, DOGEN holders are expected to be at the forefront of the market, benefiting from exclusive campaigns and opportunities.
For those looking to make a mark in the crypto space, joining the DOGEN community offers the chance to participate in a growing ecosystem with potential for significant returns.
Kaspa’s BlockDAG: A Unique Approach to Blockchain Technology
Kaspa is a cryptocurrency that utilizes proof-of-work and incorporates the GHOSTDAG protocol. Unlike traditional blockchains, where only one block can be added at a time, Kaspa allows multiple blocks to coexist, creating a more efficient network. This structure, known as a blockDAG, enables faster transaction processing, with blocks being created every second. The goal is to further reduce transaction times in the future.
Kaspa also offers tools for analyzing the network’s structure and reducing data size, making it more scalable. Upcoming features aim to enhance the network’s capabilities, positioning Kaspa as a forward-thinking player in the blockchain space.
Shiba Inu (SHIB): A Meme Coin with Utility
Shiba Inu (SHIB) is a cryptocurrency that started as a meme coin but has since evolved to offer more utility. Built on the Ethereum blockchain, SHIB benefits from Ethereum’s robust infrastructure and compatibility with decentralized applications (dApps). Created in August 2020 by an anonymous individual known as Ryoshi, SHIB initially had a total supply of one quadrillion tokens.
Half of these tokens were sent to Ethereum co-founder Vitalik Buterin, who donated a portion to the India Covid Crypto Relief Fund and burned 40% of the total supply, reducing the circulating supply significantly. SHIB has since introduced projects like ShibaSwap, and there are plans for NFTs and governance systems, further increasing its utility in the crypto space.
Conclusion
While Kaspa (KAS) and Shiba Inu (SHIB) offer long-term potential, DOGEN stands out as a token with the possibility of rapid growth. With a projected 700% increase by the end of its presale and the potential for even greater returns during the altcoin surge, DOGEN is attracting attention from investors looking for high-reward opportunities.
Following in the footsteps of successful tokens like BONK, WIF, and Popcat, DOGEN is positioned to reach new heights. Its community is made up of ambitious individuals aiming for success, and the token offers tangible rewards for early supporters, making it an attractive option for those seeking substantial gains.
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A recent YouTube video from Game of Crypto provides an in-depth comparison between Kaspa (KAS) and Sui (SUI), analyzing their potential as investment opportunities.
The analyst begins by advising that investors shouldn’t rush into choosing between KAS and SUI. He suggests that it’s perfectly reasonable to hold both tokens simultaneously.
Kaspa’s Price Action and Consolidation
Kaspa’s (KAS) price has been in a consolidation phase, which the analyst attributes to market stabilization. Despite this, the analysis highlights that consolidation often precedes upward momentum. Investors are encouraged to remain patient as the price stabilizes around $0.15, with the chart still showing bullish potential.
Additionally, Kaspa’s long-term outlook remains optimistic due to its focus on addressing the blockchain trilemma: decentralization, security, and scalability. While some investors may find the consolidation phase frustrating, those seeking long-term value in the crypto space may appreciate Kaspa’s commitment to solving these issues.
The video also discusses SUI’s price, which has seen a significant rise, breaking above $1.84 after previously hovering below the $1 mark. The analyst congratulates those who held onto SUI but cautions against letting FOMO (fear of missing out) drive impulsive decisions.
While SUI is currently performing well, the analyst warns that investors should be mindful of potential dilution as more tokens are released. He also draws a comparison between SUI’s centralization and Solana’s past, noting that while centralization has contributed to SUI’s recent growth, it could pose challenges in the future.
Market Cap Projections and Dilution Risks
Both Kaspa and SUI have the potential to reach significantly higher market valuations, with projections suggesting market caps between $50 and $70 billion during the next bull cycle. These estimates are based on past crypto surges, such as Solana’s rapid rise in previous market cycles.
However, the analyst issues a word of caution regarding SUI’s potential dilution. As more tokens are introduced into circulation, SUI’s price could face downward pressure. Investors are encouraged to consider this when forming their investment strategies.
In conclusion, the analysis suggests that diversifying by holding both Kaspa and SUI could be a smart move. This approach allows investors to potentially benefit from gains in both projects while minimizing the risks associated with focusing solely on one. The speaker also advises against taking a tribalistic approach to crypto investing, emphasizing that both tokens offer promising growth potential. A balanced portfolio that includes both Kaspa and SUI could be a wise strategy for the future.
