Over the past week, TRON (TRX) has experienced a notable increase in transaction volume, while Kaspa (KASPA) is consolidating under significant resistance. Meanwhile, those seeking the next 100x opportunity are flocking to the Rollblock ($RBLK) presale, with over 1500 investors joining in a week. Here’s why.
TRON ($TRX) Surpasses VISA in Daily Transaction Volume
TRON (TRX) has shown remarkable growth recently, surpassing 8.1 billion transactions on-chain. Due to its low transfer fees, TRON is the preferred blockchain for transferring stable coins, particularly tether USDT. Tether volume on TRON recently exceeded VISA in terms of trading volume, recording $53 billion compared to $42 billion in a single day.
TRON has rallied significantly from recent lows, reaching highs of $0.14 before stabilizing at current levels of $0.13 at the time of writing. After a 20% increase in 3 months, TRON’s price is likely to consolidate and find support at the 50-day moving average around $0.12.
Kaspa (KAS) To Break Through $0.17?
Kaspa (KAS) has made several attempts to break resistance at $0.177 but is still struggling. The 50-day moving average is slowly coiling up to provide support, which should help ensure that Kaspa’s bullish trend continues in the coming weeks.
Kaspa’s trading volume has been lacking in recent weeks, and Kaspa bulls will need to step in to propel this Layer-1 coin back to the June highs and beyond.
Rollblock ($RBLK) Hits New Highs Amid Growing Presale Interest
Rollblock ($RBLK) is attracting a significant wave of new investors with its mission to bring Blockchain innovation to the world of online gambling. By utilizing the immutable Ethereum Blockchain to encrypt and store financial transactions, Rollblock users can be assured that their bets won’t be tampered with and that games offer fairer odds than their competitors.
Rollblock addresses one of the major pain points of the gaming industry. As it is fully crypto-native, it eliminates invasive KYC checks for new customers. Simply sign in with an email and connect a crypto wallet to get started. There are over 150 AI-powered games to try, from casino favorites like roulette and Monopoly to new exclusives like Candy Land. A sports betting feature will soon be added, opening up bets on major international tournaments, including soccer, golf, and MMA.
The RBLK token is more than just another utility token; it represents a stake in the platform’s success. Each week, the casino will head to the open market with a percentage of its operating profits to buy RBLK. These coins are then split between burning and reinvested into the community through staking rewards. This will reduce the circulating supply as demand increases, causing the RBLK price to surge.
Over 6000 early investors have already taken a spin on Rollblock, with analysts now predicting that the project will rally 100x this year. The low price of $0.017 won’t last long, so investors should hurry to secure an allocation today.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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A video from Crypto Galaxy tagged “The Case for a Kaspa ETF” delves into the reasons why a Kaspa (KAS) ETF could gain approval and its potential market impact.
Kaspa is currently ranked in the 20s by market cap and is experiencing robust growth. It is also one of the top-performing cryptocurrencies. The speaker offers a bullish perspective on Kaspa, forecasting substantial growth if an ETF is approved.
This cryptocurrency stands out as a commodity proof-of-work coin with no pre-allocations to insiders. It is secure and features high transaction speeds and scalability.
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Popular YouTuber Zach Rector, who has amassed a following of over 78,000 subscribers, recently conducted a thorough price analysis of the cryptocurrency Kaspa. He utilized various technical indicators such as Fibonacci Extensions, Bollinger Bands, and overall market sentiment to make his predictions. Let’s delve into the specifics of his analysis.
Kaspa has quickly risen through the ranks to become a leading cryptocurrency. It currently holds the 25th spot in terms of market capitalization, boasting a value exceeding $4 billion.
Rector’s analysis points to the potential for Kaspa’s value to surge by 10x to 50x, which could see its price reach between $40 and $60. Such an increase would position KAS among the top 10 cryptocurrencies in the market.
Fibonacci Extension and Bollinger Bands Analysis
The analysis begins by applying Fibonacci extensions to determine possible future price levels. Maintaining the 0.5 Fibonacci level is considered a strong indicator of bullish momentum.
The price of Kaspa has successfully surpassed the 161.8% Fibonacci extension level and established it as a new support level. The price is anticipated to climb to the 261.8% Fibonacci level, which equates to approximately $0.34, doubling its current price of $0.17.
An ascent to the 361.8% Fibonacci level would signify an 8x increase in price, while reaching the 423.6% level would represent a 15x increase, pushing Kaspa’s price to $2.75 and its market capitalization to around $60 billion.
The current price trajectory is above all moving averages, and the Bollinger Bands are indicating a tight consolidation, suggesting that a significant price movement may be imminent.
Comparative Strength and Altcoin Season
Kaspa is recognized as one of the strongest performing coins and has earned a spot on the “blue list,” which is the highest accolade in Rector’s ranking system.
At present, it is a Bitcoin-dominant market season. However, an altcoin season, where alternative cryptocurrencies outshine Bitcoin by a considerable margin, has yet to commence.
KAS exhibits robust technical indicators that signal promising growth ahead. If market conditions remain favorable, the price projections indicate a significant potential for an upward trend.
Crypto ZX Channel has recently conducted a detailed examination of Kaspa (KAS) in light of a minor decline in Bitcoin’s value, as seen in their (https://youtu.be/2KjxDW73zxQ?si=-kVOEtaEBjZ-I7hf). The presenter discusses how Kaspa’s market performance is closely linked to the fluctuations of Bitcoin, emphasizing the significance of the current market correction and its wider effects.
The cryptocurrency market has seen a slight pullback, largely attributed to a small decrease in Bitcoin’s price. This market correction is considered a typical response following a period of bullish trends. The presenter points out that Bitcoin continues to hold a dominance index of around 55.62%, indicating its substantial impact on the overall cryptocurrency market.
At present, Bitcoin’s value hovers around key support levels, which align with the peak prices from October 2021. There is speculation that Bitcoin may revisit the $64,000 support level, influenced by general market sentiment and significant transactions by large-scale investors.
Kaspa (KAS) Price Analysis
During the analysis, Kaspa’s price was recorded at 17.3 cents, boasting a market capitalization of $4.2 billion and a daily trading volume of $42.1 million. However, at the time of writing, KAS is trading at $0.177 with a daily trading volume of $35.21M, marking a 2.03% increase over the last 24 hours. Despite this recent uptick, it has experienced a 0.79% decline over the past week.
Kaspa has encountered resistance at the 23.6% Fibonacci retracement level. The analysis identifies the next critical support levels at 16.8 cents and 16.3 cents. A significant support line was tested at 17.1 cents, reflecting a 5.75% decrease from recent highs.
“The next major support levels for Kaspa are identified at 16.8 cents and 16.3 cents. A significant support line was also tested at 17.1 cents, showing a 5.75% dip from recent highs,” explained the presenter.
Market Sentiment and Future Outlook
The price trajectory of Kaspa is heavily influenced by Bitcoin’s market activity. A downturn in Bitcoin’s price could result in significant declines for Kaspa. With limited listings on exchanges, Kaspa is more prone to price manipulation, leaving it susceptible to the influence of large investors or ‘whales’.
“Kaspa is susceptible to manipulation due to its limited exchange listings, making it vulnerable to whale activities,” highlighted the host.
The analysis suggests that while Kaspa shows potential for growth, investors should be mindful of its correlation with Bitcoin’s performance and the possibility of market manipulation due to its relatively smaller presence on exchanges.”
Kaspa, which was introduced in late 2021, has seen remarkable growth since its inception and has skyrocketed in popularity. In less than three years, it has climbed the ranks to be among the top 50 cryptocurrencies globally, boasting a circulating supply of 24.2 billion tokens at the time of writing. This rapid ascent denotes a strong market potential for additional future growth.
One of Kaspa’s standout features is its advanced blockchain technology known as Block Directed Acyclic Graph (BlockDAG). This technology, which utilizes the GhostDAG protocol, supports the simultaneous creation of blocks. By employing BlockDAG technology, Kaspa aims to address and solve the scalability challenges that have hindered other blockchain networks. This approach enables faster transaction speeds and increased throughput, making Kaspa a compelling prospect for cryptocurrency investments.
The crypto community has high hopes for Kaspa’s market expansion. By early June 2024, Kaspa had reached the 25th spot on CoinMarketCap’s Top 100 list. Esteemed crypto analyst Crypto Jon has recently predicted that Kaspa is poised to break into the top 10 cryptocurrencies soon, further underscoring its promising potential.
Litecoin: a stable investment for the long term
Litecoin, often heralded as the ‘silver to Bitcoin’s gold,’ has maintained a consistent presence within the cryptocurrency investment realm. With a circulating supply of 74.77 million coins and a maximum cap of 84.00 million at the time of writing, Litecoin has carved out its unique space in the market since its creation in 2011 by Charlie Lee.
One of Litecoin’s primary advantages lies in its ability to offer faster transaction times and lower fees compared to Bitcoin. While it may lack the novelty factor inherent in newer cryptocurrencies, Litecoin’s enduring presence and established credibility make it a reliable asset. Its strong focus on transaction privacy and a dedicated community contribute to its persistent relevance and broad acceptance as a payment method.
However, Litecoin is not merely a relic from the early days of cryptocurrency; it continues to evolve and show potential for future growth. Current expert projections place Litecoin on an ascending path, with anticipated price increases by the end of 2024 and ongoing growth into 2025. Despite its steady pace, Litecoin’s proven track record makes it a sound option for those seeking a long-term cryptocurrency investment.
WW3 Shiba: revolutionizing the play-to-earn market
WW3 SHIBA is poised to become the standout memecoin of 2024, with industry experts predicting it will transform the play-to-earn (P2E) market by integrating aspects of SocialFi, GameFi, and memecoins into a cohesive ecosystem. This innovative approach rewards users for participating in missions, aiming to make a major impact on the 5 billion gaming market. The WW3 Shiba token (WW3S) is the cornerstone of this ecosystem, allowing gamers to engage as a pack of doggie champions in a narrative set against global chaos.
Projections for WW3 SHIBA’s market performance are extremely optimistic. Analysts suggest that its price could surge by 100 times when it gets listed, and a 580% increase is expected during its presale phase. The token will operate on the Ethereum network, with a total supply of 4,300,000 tokens, half of which are available for presale.
The tokenomics of WW3 SHIBA are structured to maintain stability and growth. Team tokens are locked for three years, while the liquidity pool is locked for ten years, ensuring long-term stability and trust. The native token will be available on major decentralised and centralised exchanges, expanding its accessibility and market reach. Additionally, the platform offers potential for passive income through staking rewards and in-game earnings, with users able to earn up to 90% APR from staking.
Moreover, the project includes a philanthropic component, with 2% of all transactions allocated to charitable causes. Specifically, these funds will be directed towards organisations that care for dogs affected by war, making WW3 SHIBA not only a lucrative investment but also one that contributes to a meaningful cause.
If you would like to find out more information about the presale,
Key considerations and expert opinions on investment potential
Identifying key factors and gathering expert insights can be invaluable when considering an investment in cryptocurrencies. Several factors, such as market trends, technological advancements, and overall community engagement, can profoundly impact potential returns. Therefore, a balanced analysis is essential for discerning which digital assets may offer the most promising investment opportunities.
For instance, Kaspa’s innovative use of Block Directed Acyclic Graph (BlockDAG) technology has already gained substantial attention. Given its capacity to support parallel block creation and its solution to scalability issues, Kaspa has set itself apart from numerous other blockchain networks. Crypto analyst Crypto Jon’s projection of Kaspa breaking into the top 10 cryptocurrencies points to its strong future potential, supported by its increasing ranking on CoinMarketCap.
Conversely, Litecoin’s established presence provides a different type of assurance to investors. Known for faster transactions and lower fees compared to Bitcoin, it remains a dependable choice. Expert forecasts suggest its price will continue to rise steadily into 2025. Despite the lack of recent novelty, Litecoin’s proven performance highlights its value as a long-term asset.
WW3 SHIBA epitomizes a high-risk, high-reward scenario within the crypto domain. Its unique blend of SocialFi, GameFi, and memecoins has captured the attention of the gaming community. Analysts predict extraordinary price surges post-listing and during the presale phase, which reflects high optimism for its success. Furthermore, WW3 SHIBA’s philanthropic initiatives add an extra layer of appeal, making it a potentially profitable yet positively impactful investment.
For those weighing these cryptocurrency opportunities, it is crucial to conduct comprehensive due diligence. While innovative technology and market longevity offer varying degrees of stability and growth prospects, understanding tokenomics, market sentiment, and real-world application of each option can significantly influence investment decisions.
Given the potential volatility and advancements within the crypto market, investing always carries risk. It is advisable for prospective investors to remain updated on market trends and to seek advice from credible sources. Engaging in a well-researched investment strategy will undoubtedly provide the best chances of success in this dynamic and rapidly evolving financial landscape.
A recent video by “The House Of Crypto” delved into the potential of Kaspa to continue delivering significant returns. Over the past year and a half, Kaspa has seen an impressive growth of over 4,000%, positioning it as a top contender in the current bull market.
The video highlighted a gap in comprehensive information about Kaspa on YouTube. Despite its launch in a bear market in 2022, the cryptocurrency has experienced remarkable growth.
The Kaspa community envisions the cryptocurrency as the digital equivalent of silver for peer-to-peer transactions, complementing Bitcoin’s role as digital gold.
Kaspa leverages Directed Acyclic Graph (DAG) technology, which enables concurrent transactions, making it considerably faster than Bitcoin. With a block time of approximately one second, Kaspa outperforms Bitcoin’s ten-minute block time and addresses the blockchain trilemma by offering decentralization through a fair launch, scalability, and security.
Kaspa currently has a market capitalization of $4.2 billion, which is significantly lower than Avalanche’s $12.7 billion and Solana’s $83.4 billion. While Kaspa’s transaction capacity per second is currently limited, ongoing upgrades are being made. Its growth has been driven largely by speculation, similar to Solana’s past trajectory.
The lack of EVM compatibility may limit Kaspa’s ability to support decentralized applications. The cryptocurrency has experienced substantial gains but may encounter challenges due to its speculative nature and limited transaction volume.
To match Avalanche’s market cap, Kaspa would need to triple in value, and to rival Solana, it would require a 44-fold increase. Its potential to outperform these competitors hinges on continued technological advancements and market acceptance.
Solana and Avalanche have achieved significant growth through solid fundamentals and strategic partnerships, a path Kaspa would need to follow or surpass.
While Kaspa has shown strong speculative potential, the video suggests that expecting life-changing gains (10x or more) from current prices is highly optimistic. The cryptocurrency has already seen considerable growth, so future gains might be more modest. Achieving life-changing returns would necessitate widespread adoption and technological progress.
With 90% of its tokens already in circulation, Kaspa is inflationary. Speculative growth is a key driver, and any future price increases may depend heavily on retail investor interest.
The project’s success could hinge on its adoption and potential integration with decentralized applications in the future. The video advises caution due to Kaspa’s speculative growth, comparing it to historical Tulip Mania. The presenter also emphasizes the importance of fundamentals over speculative hype in the long term.
Kaspa has strong speculative potential and could see significant gains if it continues to develop and gain adoption.”
