Kaspa Price Surges, Surpassing Internet Computer (ICP): KAS Price Prediction and Future Outlook
Kaspa (KAS) has broken out, reaching $0.204-$0.205 on some exchanges. This is noted by Crypto MindSet’s YouTube analysis where they emphasize the importance of the daily candle body closing above key levels at $0.195 and $0.202.
Notably, Crypto MindSet suggests Kaspa could see substantial gains if the breakout is confirmed with strong volume. Besides, this breakout point is crucial, as it represents the area where liquidity and sellers are concentrated.
Related: Kaspa Poised for All-Time High: KAS Analyst Forecasts $0.4 Price Target in 30 Days
Kaspa Price Analysis
The video highlights various critical levels with a recent focus on $0.194-$0.195. If Kaspa breaks above these points, it could trigger a short squeeze, forcing short sellers to cover their positions and potentially driving the price higher.
According to Crypto MindSet, a confirmed breakout could see Kaspa moving to $0.21 or $0.22, with a possibility of reaching $0.40 soon.
The analyst notes that volume analysis is essential for confirming breakouts, but it is challenging without the daily candle print. Real-time candle analysis helps predict short-term movements and potential melt-ups.
High volume is crucial to validate the breakout and sustain upward momentum. The host emphasizes, “Kaspa is breaking out, reaching $0.204-$0.205 on some exchanges. This is major. If Kaspa prints higher, we should get a melt-up and a big short squeeze.”
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +
Source: captainaltcoin.com “`html The cryptocurrency market is no stranger to rapid shifts and evolving trends. Investors are moving away from established cryptocurrencies like Kaspa ($KAS) and Ripple ($XRP) in favor of Pepe Unchained, a new lucrative meme coin. This article delves into the reasons behind this shift and explores Pepe Unchained. Stay with us to check what causes these trends. Investors are increasingly turning to Pepe Unchained instead of $KAS and $XRP for several compelling reasons: Pepe Unchained utilizes advanced Layer 2 blockchain technology, ensuring faster and cheaper transactions than traditional Layer 1 blockchain. This technological edge makes Pepe Unchained more attractive to investors seeking efficiency and scalability. Pepe Unchained offers impressive staking rewards with an annual percentage yield (APY) of 304%. This high yield provides a lucrative passive income opportunity, drawing investors looking for better ROI. Pepe Unchained has quickly built a dedicated and active community. This strong support base is crucial for the long-term success of any cryptocurrency. The enthusiastic community around Pepe Unchained helps drive adoption and maintain investor interest. As Pepe Unchained presale is still in its early stages, it presents significant growth potential. Analysts think this project could outperform Pepe Coin and other top meme coins in 2024. Investors are keen to get in early to maximize their returns as this lucrative meme coin develops and gains more traction in the market. Source: captainaltcoin.com A recent YouTube video by 2Bit Crypto delves into the recent activities surrounding Kaspa and the factors contributing to its rising price. The crypto analyst also shared some price predictions. The video outlines several reasons why crypto investors should be optimistic about Kaspa, anticipating that its price will soon reach an all-time high. Despite the market cooling off due to the Bitcoin 2024 conference, Kaspa has shown resilience, evidenced by a significant green candle on the chart. Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton! Show more + Several factors have contributed to Kaspa’s price increase, such as its enhanced mining capabilities. Marathon Digital (MARA) is mining Kaspa, indicating strong institutional interest. The Kaspa network’s hash rate is approaching 600 petahash, suggesting growing support and security. Enhanced network security, miner confidence, and greater decentralization are crucial for scalability. “`html Kaspa (KAS) is showing signs of an impending breakout, according to a YouTube video analysis by Crypto Mindset. A bullish pattern, similar to one that preceded a price surge in late 2023, has emerged in KAS’s price chart. The analyst at Crypto Mindset has highlighted key KAS resistance levels and market indicators. With the broader crypto market poised for a potential bull run, KAS investors are eyeing mid-August as a critical period for the digital asset. Crypto Mindset’s video draws parallels between the current price action and a previous bullish triangle. The earlier formation, observed from September to November 2023, led to a threefold increase in KAS’s price. Now, a similar pattern is taking shape from early June to August 2024, spanning approximately 60 days. The analysis emphasizes the importance of this historical context. It suggests that the current triangle formation could herald another price movement for KAS. For KAS to confirm a bullish breakout, several key levels must be surpassed. The analysis identifies daily closes above 18 cents as an initial indicator of building momentum. However, the critical threshold lies at the 20-cent mark. A decisive close above this level could trigger a substantial upward movement. Crypto Mindset employs line chart analysis to clearly identify these crucial levels. This method strips away the noise of price wicks, focusing on the most important data points. Historical resistance from March and February 2024 serves as a reference for current price action. Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton! Read also: Meme Coin Prices ‘Wake Up’: BOME, MOG, and BRETT Lead the WayInvestors Flock to Profitable Meme Coin Pepe Unchained, Leaving $KAS and $XRP Behind
Why do investors shift to Pepe Unchained over $KAS and $XRP?
Innovative technology
High staking rewards
Strong community support
Early investment opportunities
Pepe Unchained: Why is it a lucrative meme coin?
Kaspa Set to Reach New Heights: Analyst Predicts $0.4 Price Target for KAS in 30 Days
Factors Contributing to Growth
Kaspa Pattern Indicates Potential Bullish Breakout – Could KAS Triple in Value?
KAS Historical Patterns and Current Formation
Critical Resistance Levels and Breakout Indicators
Show more +
Market Sentiment”
Source: captainaltcoin.com
Kaspa Hashrate Surges – Why This Could Boost KAS Price
“`html
Analyst “𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞” recently shared on Twitter that Kaspa’s hashrate has reached a new high of 645 PH/s. The hashrate has consistently been a significant value proposition for Kaspa.
The KAS price has experienced a modest 3% increase this week, currently trading around $0.18.
Marathon’s Influence on Kaspa Mining
It’s been about a month since Marathon Digital Holdings (Mara) announced they had begun mining KAS to diversify their portfolio. Since then, Kaspa’s hashrate has increased by approximately 100 PH/s.
We know that Mara had purchased 60 PH of mining machines, but the additional increase suggests that other major Bitcoin mining companies have joined Mara in mining KAS, likely due to its higher profitability compared to Bitcoin.
#Kaspa‘s hashrate peaking at 645 PH/s !@KaspaCurrency
It’s been around 1 month since Mara announced they had started mining $KAS to diversify. Since then Kaspa’s hashrate has increased by roughly 100 PH/s to date , in addition we know that Mara had purchased 60 PH of mining… pic.twitter.com/1SKhxKQsag
— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) July 28, 2024
Some have speculated that Mara might sell their mining profits to purchase more Bitcoin. However, this seems unlikely for several reasons:
- Increased Hashrate: By dedicating a significant portion of their computational power to mining Kaspa, Marathon is contributing to the overall hashrate of the Kaspa network. A higher hashrate enhances the network’s security and stability, making it more resilient.
- Network Growth: The involvement of a major player like Marathon brings more attention and credibility to Kaspa. This can attract more miners and investors, stimulating further growth and development within the Kaspa community.
- Strategic Diversification: Marathon’s strategy to diversify its mining operations by including Kaspa demonstrates confidence in the potential of the project. This diversification may also encourage other mining companies”
Source: captainaltcoin.com
Could Kaspa (KAS) Break into the Top 5 Cryptocurrencies This Bull Run?
Crypto Archie recently shared a video analyzing whether Kaspa (KAS) could hit $5 in the current crypto bull run. The speaker has performed calculations to estimate Kaspa’s potential market cap and price.
Market Cap and Price Calculations
In 2021, a cryptocurrency needed a market cap of around $80 billion to be in the top 5. However, the market has evolved, and more capital has entered the space.
The speaker anticipates a 2-3x increase in the total market cap from the last bull run, estimating it to be around $7.5 trillion. In this cycle, a cryptocurrency would need a market cap of approximately $160-240 billion to be in the top five.
Notcoin airdrop on Telegram made millions for people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +
Read Also: How Many Ripple (XRP) Tokens Do You Need to Retire?
Kaspa (KAS) currently has a market cap of $4.3 billion. To reach the top five, Kaspa would need to increase by approximately 37-55x, translating to a price of $6-10 per Kaspa coin.
The speaker’s realistic prediction for Kaspa is between $3-4 during this bull run, potentially reaching the top 10 but not the top five. A 15-20x increase from the current price is seen as more likely.
Influences and Market Sentiment
He mentioned influencers like Da Vinci Jeremy, who has shown bullish sentiments about Kaspa for long-term holding.
Influencers such as Michael Saylor or Cathie Wood expressing support could also positively impact the price.