Why Kaspa’s Rise Lags Behind Meme Coin Mania

The cryptocurrency market has been on an upward trajectory recently, with market recoveries fueling gains across numerous assets. However, while Kaspa (KAS) managed a 7% price increase today, surpassing a significant resistance at $0.10, it still plays second fiddle to the explosive growth of meme coins.

The Meme Coin Rally

In the last 24 hours, various meme coins like PEPE, FLOKI, BRETT, and even FARTCOIN have captured the market’s attention with impressive surges:

• PEPE soared over 30% in value.
• FLOKI has risen by more than 12%, inching towards a $1 billion market cap.
• BRETT broke the $0.08 mark and is currently trending on crypto social media.

This frenzy suggests that the so-called “meme coin mania” might be returning, attracting significant liquidity.

Kaspa’s Fundamental Growth

While meme coins thrive on short-term hype, Kaspa has focused on building a solid, scalable infrastructure:

Kaspa recently completed the Crescendo upgrade, enhancing its block speed from 1 to 10 blocks per second. This upgrade, which usually boosts investor confidence, has curiously not had a dramatic effect on its price. Here are some insights:

Ready for the next surge? Watch $KAS prices as we aim to break $0.11! #kaspa #KRC20 pic.twitter.com/FQWIv4PeMI

— CryptoFan (@realCryptoFan)
May 9, 2025

Market Dynamics and Kaspa’s Performance

A key factor in Kaspa’s less explosive growth:

• The “ buy the rumor, sell the news” phenomenon where traders likely capitalized on the hype before the upgrade announcement.
• Unlike meme coins, Kaspa doesn’t benefit from widespread social media buzz which can drive rapid price increases.

Technical Insights

Looking at the chart, Kaspa has turned $0.10 into a support level. Next resistance points could be:

• $0.112
• $0.125

However, breaking these levels might require robust trading volume, and with the RSI still showing potential for growth, there’s indeed space for Kaspa to move northwards.

Looking Ahead

For Kaspa holders, there’s solace in the coin’s real fundamental strengths, its fast-growing technology, and long-term strategic plans. Contrastingly, in the current market of speculative fervor:

Kaspa might not be in the limelight, but its steady, grounded approach could pay off in the future. Keep an eye on how Kaspa aligns with or diverges from the rapidly evolving crypto market dynamics.

Stay updated with more crypto news by following us on X (Twitter), CoinMarketCap, and Binance Square. Dive into our latest market updates and technical analyses here.

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