The crypto market is experiencing a downturn this week. Bitcoin is now trading below $61k, while most altcoins are facing significant declines. Even Kaspa, which has a robust community and typically experiences slower price drops, is down 3% today. The KAS price is now slightly below $0.18.
It’s important to note that a 3% decline might be minor for some coins, but for Kaspa, it’s substantial given its strong community and the enthusiasm among its holders.
Market Analysis and Kaspa Price Analysis
YouTuber “Crypto ZX,” who has 50k subscribers, updated his outlook on Kaspa in his video today. He noted that the overall cryptocurrency market is seeing a lot of red, with most coins down over the last hour. Despite this, there is a slight relief as some coins begin to bounce back.
Bitcoin’s dominance index is rising, which typically results in altcoins declining more significantly compared to Bitcoin. Bitcoin is still below its confirmation level. Despite this, Kaspa has outperformed BTC, being up 0.4% in BTC comparison.
The market valuation for Kaspa is $4.5 billion with a 24-hour trading volume of about $110 million. The price situation is not as negative as it might seem at first glance.
Crypto ZX highlights that Kaspa is holding its previous all-time high level from February as a significant support level. There is a possibility of retesting the $0.18 mark if Bitcoin continues to decline.
Despite a drop over the past 24 hours, Kaspa is still up 35% from its lows on June 18. It is close to its all-time high zone and has seen higher highs and higher lows, maintaining an upward trend in line with Bitcoin’s performance.
The YouTuber suggests that Bitcoin’s performance over the weekend could significantly impact Kaspa. If Bitcoin retests its support levels or drops below the $53,000 yearly low, Kaspa could see further downside.Source: captainaltcoin.com
Kaspa’s (KAS) blockDAG technology makes it a standout option for Proof of Work enthusiasts who also desire high transaction speeds. This advantage has propelled Kaspa’s price to soar in 2024.
Meanwhile, investors are moving away from Layer 2 blockchain solutions like Mantle (MNT) in favor of the massive earning potential in GambleFi, with top altcoin Rollblock on track for 100x returns in 2024.
Kaspa’s Price Surges Again on Unique Proof of Work Solution
Kaspa’s price increased by another 14% this week, adding yet another winning week to its 430% total growth this year.
Kaspa has captured the market with its unique blockDAG solution for Proof of Work blockchains. While most of the industry has transitioned to Proof of Stake blockchains, Kaspa’s dedication to the niche Proof of Work community has it reaching new all-time highs every month.
With Kaspa and Bitcoin now the two biggest names in Proof of Work, Kaspa has significant potential as it aims to bridge the gap between these two tokens.
Whales Exit as Mantle Price Continues to Decline
Mantle’s price is down 6% today and 14% this week as whales exit in search of better earnings prospects. This has brought Mantle’s price down to $0.7161.
Many Layer 2 blockchain solution providers, like Mantle, are facing challenges as the Ethereum ecosystem scales without their assistance. Whales had invested in tokens like Mantle expecting that the Ethereum ETFs would bring a surge of new users necessitating scaling solutions. However, Ethereum is managing these new users effectively, and tokens like Mantle are losing value daily.
Rollblock’s earning potential is driven by its focus on the massive $450 billion global gambling industry. This industry is projected to expand to $750 billion by 2028 as it moves online, with a new generation of players expecting a higher level of service that only crypto can provide.
Rollblock has developed its ecosystem around privacy, crypto functionality, new games, and profit-sharing opportunities. This is why Rollblock has created the first crypto casino to meet all these demands and more.
Rollblock offers more than 150 of the best games in the industry, including all the classic games people expect, as well as a wide array of new games that will keep players returning.
Rollblock also maintains an active social media presence, featuring a continuous stream of exciting events and giveaways. Rollblock attracts thousands of new players each week, drawn by the sense of community and fun that only crypto can provide.
Rollblock also features the first gambling token that actively shares its revenue. To achieve this, Rollblock buys back its RBLK tokens from the market and burns half of them to maintain constant upward pressure on the price. The remaining half of the tokens are used as generous staking rewards to generate income for players and investors.
This incredible earning potential is why analysts have predicted RBLK to achieve 100x growth beyond its current presale price of $0.0175 before 2024 ends.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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 research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
While cryptocurrencies such as Kaspa and Bitcoin present attractive investment opportunities today, they are unlikely to deliver explosive returns. Conversely, Rollblock appears poised to offer new investors exponential gains.
As a leading play-to-earn GambleFi token, Rollblock seamlessly integrates centralized and decentralized gaming experiences on its iGaming platform. The platform leverages blockchain technology to ensure secure transactions and features a unique revenue-sharing model, positioning Rollblock for significant growth.
Kaspa Once Again Proves Itself As One Of The Most Promising Prospects In 2024
Kaspa has had an outstanding 2024, increasing by 543% this year. Additionally, Kaspa has risen over 15% this week alone while the entire market declines. This demonstrates that Kaspa is an anomaly in the crypto space.
However, Kaspa is unlikely to offer new investors returns exceeding 50x by 2025. Having already reached a market cap of 5 billion this year, there isn’t substantial room for Kaspa to grow in the upcoming cycle. For patient investors, it might be worthwhile to accumulate some KAS in case it breaches the top ten in a few years’ time.
Bitcoin’s Sudden Growth Could Spur New Market Rally
As the crown jewel of cryptocurrencies, the crypto market largely follows Bitcoin’s price movements. This bodes well for alt-coins heading into August, as Bitcoin has experienced an 8% surge this week.
Though Bitcoin will seldom provide new investors with more than a 5x ROI by 2025, it remains one of the most prized assets in the world.
Some analysts predict Bitcoin to reach its all-time high in Q4 of 2024. If Bitcoin achieves this milestone early, the cryptocurrency space could experience a major bull run.
Rollblock Set To Soar This Bull Cycle As Hype Reaches New High
Rollblock merges centralized and decentralized gaming while also avoiding the KYC requirements commonly associated with inferior GambleFi platforms. The platform ensures that all transactions and bets are secured with advanced blockchain technology. This technology is obtained through alliances with major blockchain players in the space.
Investors are showing massive interest in Rollblock’s unique revenue-sharing model, where up to 30% of weekly profits are distributed to RBLK holders through a buyback program. Half of the repurchased tokens are burned, while the other half is distributed as rewards. This strategy discourages investors from selling their tokens and boosts demand for the native RBLK token in the process.
In addition to a wide selection of different games, Rollblock plans to introduce sports betting within its ambit, allowing users to wager on popular sports including soccer and tennis. This supplements the more than 150 gaming options the platform offers, from poker to never-seen-before blockchain-based titles.
Currently priced at $0.0175, Rollblock is attracting attention from both whales and retail buyers during Stage 4 of its highly successful presale. Experts predict potential returns of up to 50x in the next couple of months, with some projections exceeding 100x by the end of the year following Rollblock’s official launch.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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 research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
Crypto analyst Nebraskangooner discusses the anticipated price movement of Kaspa, highlighting that it is set to challenge a significant resistance level today.
The analyst suggests that KAS might reach a price peak at this resistance due to prevailing market sentiment. Many cryptocurrencies have been experiencing a downtrend, mirroring the price trends of Bitcoin and Ethereum.
Possible top here judging by how the rest of the market has been.
If it somehow breaks resistance it can follow the plotted breakout scenario but that seems less likely in current market conditions. pic.twitter.com/yggQ1w4C4v
Consequently, the analyst believes this could hinder Kaspa’s ability to surpass the key resistance, potentially marking the price peak at that point.
The analyst notes that if the price manages to break above the resistance, it could follow the outlined scenario on the chart: a breakout, followed by a retest of the broken resistance, and then a surge to above $3. However, this scenario is deemed less probable.
AltFINS’ Kaspa Price Analysis
AltFINS analysis indicates that Kaspa’s price is in an uptrend. The analysis suggests that a bullish breakout above the ascending triangle pattern at $0.2 could trigger a 20% rise to $0.24.
Kaspa (KAS) has achieved a notable feat by reaching a new all-time high. The asset hit a peak of nearly 21 cents before it saw a minor pullback.
According to a YouTube video by Crypto Zx, this surge comes given the broader market’s downturn triggered by Bitcoin’s price dip.
Despite the market turbulence, Kaspa has been resilient. The crypto posted a 3% gain over the past day, while many other assets struggled. On a weekly scale, KAS has surged by 14.1%, outperforming most of its peers.
Kaspa Price Analysis
Crypto Zx notes that Kaspa’s performance has put it in “price discovery mode,” making precise predictions challenging. However, the asset’s chart shows a clear pattern of highs and lows, indicating a strong upward trend.
The crypto’s support levels have remained solid despite the market shake-up. Notably, Kaspa’s trading volume has reached around $161.5 million in the past day.
Moreover, this volume is particularly notable considering that KAS is not yet listed on major centralized exchanges. The high trading activity suggests growing investor interest and confidence in the project.
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
While Kaspa has shown strength, its price movement still correlates with Bitcoin’s performance. The recent 10% drop in Bitcoin’s value affected the broader crypto market, including Kaspa. However, KAS managed to recover quickly, demonstrating its resilience.
Crypto analyst Crypto ZX emphasized the importance of monitoring
As of late July, it remains unlikely that cryptocurrencies such as Kaspa and Dogecoin will amass 100-1000x returns as the bull run nears ever-closer. In contrast, new cryptocurrency Rollblock offers an excellent opportunity for investors seeking life-changing gains this cycle.
With its revenue-sharing incentives, engaged user base, and seamless accessibility, Rollblock is poised to become the next major play-to-earn DeFi gaming sensation and 100x case study this year.
Kaspa Demonstrates Strong Potential In July
Kaspa has emerged in 2024 as one of the most promising cryptos in the world. Sporting unparalleled blockDAG technology and a lucrative PoW consensus, Kaspa is set for moderate returns of around 20-50x in 2025.
Up almost 10% in seven days, Kaspa has soared in light of renewed bullish momentum. However, some crypto analysts are weary of a possible short-term correction for Kaspa, given Kaspa’s 5% surge in July. Despite this, Kaspa remains one of the most promising cryptos to invest in today alongside play-to-earn gem Rollblock, with some estimates exceeding 50x.
Dogecoin Suffers From Small Dip Though Long-Term Prospects Remain Promising
Dogecoin is crypto’s most notorious and iconic memecoin, netting investors millions in profits over the years. While Dogecoin has seldom experienced its most lucrative year, Dogecoin’s prospects remain high as the bull run approaches.
As Dogecoin undergoes a minor 4% correction this week, it remains to be seen whether Dogecoin’s bearish momentum will continue. This is unlikely, however, given that the overall market has swung green. Some crypto analysts are predicting an imminent surge for Dogecoin, rendering Dogecoin a viable buying opportunity today.
Rollblock Is Set To Explode In Value This Bull Run
Rollblock introduces an innovative Play-to-Earn GambleFi token that seamlessly combines the benefits of centralized and decentralized gaming, appealing to a wide range of users.
A notable feature of Rollblock is that the platform doesn’t require KYC for casino access, demonstrating its commitment to preserving its users’ anonymity. This approach protects user data while also lowering entry barriers, encouraging more users to join.
Additionally, Rollblock engages with its community through user polls. These gather valuable feedback on what users want most for the platform. This feedback is important in implementing new features, such as the recent supplementation of sports betting, which allows users to wager on popular sports like soccer, tennis, and golf.
On top of this, Rollblock features a revenue-sharing model that allocates up to 30% of casino revenue to token buybacks and staking rewards. This dissuades RBLK holders from selling their tokens, a contributing factor to RBLK’s stark lack of price volatility.
With a current presale price of $0.0175 during stage 4 of the platform’s immensely successful presale stage, analysts predict Rollblock could achieve a 100x increase in value in the coming weeks, offering initial investors potential eye-watering returns.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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 research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader.”
