“While Kaspa & Shiba Inu Lose Momentum, Lunex Network Experiences a Surge in Volume – Here’s Why”

Oct 10, 2024 | Price Discussions and Predictions

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Cross-chain DeFi protocol Lunex Network has been gaining momentum as it recently sold out the first stage of its IDO. Impressively, over 430 million $LNEX tokens were sold, signaling the potential for significant price action once Lunex is listed on global exchanges.

Many analysts suggest that Lunex Network could outperform popular cryptocurrencies like Shiba Inu (SHIB) and Kaspa (KAS) in terms of price action for the remainder of the year and into 2025, thanks to its promising growth potential. Here’s why savvy investors are paying close attention to this emerging crypto.

Lunex Network Presale: A Hot Crypto with 100x Potential

The presale of Lunex Network is drawing considerable attention. As a cross-chain DeFi platform, Lunex Network is poised to make a significant impact in the DeFi space. It offers a multi-chain swap, liquidity aggregator, and self-custodial wallet solution, which are all features that could help it become a major player in the coming years.

With access to over 50,000 crypto pairs across 40 different blockchain networks, Lunex Network is addressing the challenge of blockchain interoperability. This innovative approach could pave the way for broader DeFi adoption.

By eliminating the need for centralized or decentralized exchanges and third-party bridges, Lunex Network allows users to engage with the DeFi ecosystem more seamlessly. This user-friendly approach could help drive the platform’s growth and, in turn, lead to a significant price increase for its native token, $LNEX, once it hits exchanges.

Currently, $LNEX is available at a presale price of just $0.013, offering early investors a chance to buy in at an attractive price before a potential price surge. Analysts predict that Lunex Network could experience a price increase of anywhere from 20x to 50x, given its value proposition in the DeFi space. With its multi-chain bridge, non-custodial wallet, and suite of cross-chain DeFi services, $LNEX is well-positioned for substantial growth.

Will Kaspa Reach a New All-Time High by Year-End?

Since its launch during the crypto winter of 2022, KAS has delivered impressive gains, with over 100x returns. In August, KAS reached an all-time high of $0.207, rewarding early investors with significant profits.

Although KAS has since cooled off—dropping over 25%—the outlook remains optimistic. As a next-generation Layer-1 blockchain with its innovative BlockDAG architecture, KAS has the potential to reach new all-time highs by the end of the year.

Can Shiba Inu Maintain Its Momentum in October?

Shiba Inu (SHIB) has seen a 42.7% increase in value over the past 30 days, a positive sign for SHIB holders. However, with the introduction of newer meme coins in 2024, SHIB may struggle to replicate its meteoric rise from 2021.

One of the reasons for SHIB’s limited upside is its large market cap, which currently sits at $10.9 billion. This makes it difficult for SHIB to achieve substantial gains. Investors seeking higher returns may want to consider low-cap projects like Lunex Network.

Learn more about Lunex Network (LNEX) here:

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DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough”

Source: captainaltcoin.com

Kaspa Price Drops Below $0.15 Amid Bearish KAS Patterns Indicating Weakness

Oct 9, 2024 | Price Discussions and Predictions

Kaspa (KAS) has recently caught the attention of the crypto community, as the [price action displays signs of weakness](https://captainaltcoin.com/kaspa-kas-price-crashing-is-this-time-to-sell-the-token/), despite its earlier bullish momentum. In a tweet by prominent crypto analyst Zero Ika, he used KAS as an educational case study to explain market patterns.

The tweet highlights the bearish signals in Kaspa’s price action, referencing a potential Wyckoff distribution schematic and other patterns that may have contributed to the recent price decline.

### Weakness Confirmed in Kaspa’s Price Action

According to Zero Ika’s analysis, Kaspa’s price has been weakening since mid-August, when the altcoin was trading around $0.1544. He pointed out several key bearish indicators, including the coin’s fall below critical levels such as the November 2023 high, the uptrend trendline, and two equal lows (EQLs).

Additionally, a bearish “3 drives” pattern further suggested a price decline. Zero Ika also noted that while [Kaspa’s fundamentals](https://captainaltcoin.com/kaspa-is-bitcoin-on-steroids-says-crypto-analyst-heres-why-kas-is-moving-faster-than-btc/), including its rising hashrate and claims of superior technology compared to Bitcoin, have been heavily promoted by supporters, these narratives have overlooked the warning signs in the price action.

### Kaspa Price Drops Below $0.15

Two months after Zero Ika’s initial warning, Kaspa has fallen below the $0.15 mark, confirming the bearish outlook he had shared. Despite this downturn, the analyst clarified that this does not necessarily indicate a macro top for the [altcoin](https://cryptodaily.co.uk/2024/10/altcoins-bnb-sol-render-that-outperform-bitcoin-btc). He suggested that while Kaspa still has potential within the broader market cycle, its bearish trend is likely to persist in the short term.

Zero Ika advised traders and investors to respect price action patterns and take profits when possible, stressing the importance of following technical indicators rather than relying solely on the altcoin’s fundamentals.

### Kaspa’s Current Market Status

As of today, [Kaspa’s price stands at $0.1345](https://www.coingecko.com/en/coins/kaspa), according to CoinGecko data. The coin has seen a slight 0.13% increase in the past 24 hours, but it has dropped by 8.43% over the past week.

With a 24-hour trading volume exceeding $40 million, the market sentiment around Kaspa remains cautious amid its current bearish outlook. In conclusion, while Kaspa’s long-term potential may still be intact, recent price action suggests a period of uncertainty.

*Follow us on [X (Twitter)](https://x.com/CaptainAltcoin_), [CoinMarketCap](https://coinmarketcap.com/community/profile/CaptainAltcoin/), and [Binance Square](https://www.binance.com/en/square/profile/captainaltcoin) for more daily crypto updates. Get all our future calls by joining our [FREE Telegram group](https://t.me/captainaltcoincom).*

Source: captainaltcoin.com

YouTuber Explains Why He’s Choosing Kaspa Over Ethereum – KAS Price Forecast

Oct 9, 2024 | Price Discussions and Predictions

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Popular crypto YouTuber Lee, who has over 30k subscribers, posted a video last night explaining why he’s choosing to invest in Kaspa instead of Ethereum. He also shared an updated Kaspa price prediction.

Lee compares Ethereum to a “dinosaur,” suggesting that its technology is becoming outdated. He believes Ethereum’s growth potential is limited due to its large market cap and dominance. To illustrate his point, he likened Ethereum to a “Nissan,” while describing Kaspa as the “Lamborghini” of cryptocurrencies.

Kaspa’s Advantages Over Ethereum

Lee argues that Kaspa’s innovative BlockDAG architecture sets it apart from Ethereum. This technology allows for parallel block creation and instant confirmations, making Kaspa faster and more scalable. According to Lee, Kaspa’s network is 600 times faster than Bitcoin, and its efficiency addresses some of the issues Ethereum still faces, such as high gas fees.

The YouTuber also highlighted Kaspa’s KRC2 token standard, claiming it has more potential than Ethereum’s widely-used ERC20 standard. He expects KRC2 to play a crucial role in creating decentralized applications (dApps), NFTs, and AI-based projects, which could strengthen Kaspa’s ecosystem.

While both Kaspa and Bitcoin operate on proof-of-work blockchains, Lee emphasized that Kaspa’s system is more advanced and better suited for modern decentralized projects.

Read also: Analyst Predicts Chainlink (LINK) Price to Hit $40 – Here’s the Outlook

Kaspa Price Prediction: Aiming for $10

In terms of price prediction, Lee sees Kaspa reaching as high as $10 during the current bull run. He believes that Kaspa’s market cap could hit $250 billion, based on its technological advantages and ongoing development. This, according to Lee, makes it a promising investment with room to grow compared to Ethereum.

YouTuber Explains Why He’s Choosing Kaspa Over Ethereum – KAS Price Forecast
Source: CoinMarketCap/kaspa

Conversely, while Lee predicts Ethereum could rise to between $10,000 and $12,000 in this cycle”

Source: captainaltcoin.com

Kaspa (KAS) Price Plummets: Is Now the Right Time to Sell?

Oct 8, 2024 | Price Discussions and Predictions

A recent video from *What Is Crypto?* analyzed the current situation surrounding Kaspa (KAS), noting that the token’s price has dropped by nearly 30% over the past four weeks. The crypto analyst shared insights into the token’s price movements, potential future trends, and whether holders should consider selling their positions.

Kaspa’s Price Action and Future Outlook

The analyst explained that Kaspa has been following a pattern involving a “massive pump, descending triangle, breakout,” followed by consolidation phases. Recently, the price has dropped below the critical 14-cent level, fluctuating between 12.3 and 13 cents.

He mentioned that a final downward move could occur, with temporary dips potentially reaching around 12.2 to 12.3 cents. However, he considers this lower range to be a short-term phase.

Read Also: Analyst Warns of Solana (SOL) Price Crash – Here’s His Outlook

The analyst emphasized the importance of the 13-cent mark as a key support level. Even if the price dips below this point, he reassured viewers that this is not a cause for concern, as it aligns with normal price action.

Should Kaspa Holders Sell?

Despite the recent price drop, the analyst made it clear that he has no plans to sell his Kaspa holdings. He remains highly optimistic about the token’s long-term potential, describing it as his largest investment.

He expressed confidence that Kaspa could reach a price between $1 and $4 during the current market cycle.

The analyst sees the current price range around 13 cents as a strong buying opportunity, suggesting that holders could see returns of 10x to 30x over the next 6 to 12 months.

Read Also: Is Bitcoin Showing Discovery Waves? Here’s What To Expect From BTC Price

The analyst also noted that even amid a broader sell-off in the crypto market, Kaspa’s price action aligns with long-term bullish trends. He expects explosive price movements driven by trends in Bitcoin dominance and the overall crypto cycle.

He praised Kaspa’s development team, technology, and community, reinforcing his confidence in the project. In conclusion, the analyst strongly advised against selling Kaspa at its current price, encouraging holders to consider buying more tokens instead, as he remains optimistic about significant future gains.

Follow us on X (Twitter), CoinMarketCap, and Binance Square for more daily crypto updates.
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Source: captainaltcoin.com

Crypto Analyst Claims Kaspa Is ‘Bitcoin on Steroids’ – Here’s Why KAS Outpaces BTC

Oct 6, 2024 | Price Discussions and Predictions

Analyst “𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞” shared an intriguing Kaspa chart today on X, previously known as Twitter. He made a comparison between KAS’s growth and Bitcoin’s early days.

Rapid Growth and Stabilization

The chart highlights Kaspa’s Power Law R-squared (R²) value over time, which tracks how closely the Kaspa price action aligns with a predictable trend based on a mathematical model. This model likely relates to the power-law distribution commonly seen in financial markets.

In its early stages, Kaspa’s R² value was highly volatile, with significant fluctuations during the first few months. This period of instability saw R² values dipping to low levels, sometimes nearing zero. However, by late 2022 to early 2023, a noticeable shift occurred as the R² began to stabilize, showing a consistent upward trend.

One of the most notable aspects of the chart is the rapid rise in R² values starting from mid-2023. By late 2024, the R² surpasses 0.95, signaling that Kaspa’s price action has become highly predictable within a relatively short time frame.

Read also: Where Is The Bitcoin Price Headed Next? Analyst Predicts $68k per BTC ‘Next Week’

Technological Advantages Driving Growth

The analyst attributes Kaspa’s rapid growth and stabilization to several key factors:

  1. Faster block times
  2. More efficient network
  3. BlockDAG structure

These innovations may be helping Kaspa mature more quickly by reducing inefficiencies in its consensus mechanism. As”

Source: captainaltcoin.com

3 Key Factors That Could Propel Kaspa (KAS) Price to $0.50 Soon

Oct 5, 2024 | Price Discussions and Predictions

If you’re looking to rewrite the article to pass AI detection, here’s a version that maintains the original meaning but is rephrased:

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When asked what I appreciate most about Kaspa, my response would likely focus on its impressive KAS price stability. Specifically, during times when the crypto market experiences a downturn, such as this week, Kaspa’s price tends to remain relatively steady, losing only a small amount of value.

For example, this week Kaspa saw a decline of about 11%, bringing its price to around $0.15. In comparison, Ethereum (ETH) dropped by 10%, and many other altcoins in the top 20 experienced similar losses. This indicates that KAS holders are generally composed and don’t react with panic when the market faces challenges.

Analyst Forecasts Kaspa Price to Reach $0.5

Jim, a well-known analyst who frequently discusses Kaspa on X, posted a new prediction today, suggesting that KAS could reach $0.5. He commented:

“Back when KAS was around $0.01 in early 2023, I projected it would rise to the $0.14 to $0.20 range. It hit those targets. Now, it’s just a matter of time before $KAS hits $0.50, which is a technical level. While the current price range of $0.14-$0.20 might seem uneventful, it’s an opportunity. $0.50 is next.”

Jim has a track record of accurate predictions, and he views the current price consolidation as a potential opportunity for investors.

Below are three reasons why Jim’s Kaspa price prediction could be accurate:

1. Cutting-Edge Blockchain Technology

Kaspa employs the GHOSTDAG protocol, which allows for the creation of parallel blocks without orphaning them. This technology enables very high block generation rates (currently one block per second) and short confirmation times.

As the network scales to 10 or even 100 blocks per second, it could attract more users and investors, which may drive up demand and, consequently, the price.

Source: captainaltcoin.com