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The recent performance of Kaspa’s price has been underwhelming. Over the past two days, the value of KAS has dropped by over 5%. This decline has caught many by surprise, especially as numerous altcoins are currently experiencing upward trends in value.
Kaspa has garnered significant attention within the cryptocurrency ecosystem, quickly climbing the ranks in a short period. A major factor contributing to its appeal is its GHOSTDAG protocol. This innovative protocol allows blocks created simultaneously to coexist as part of the valid blockchain history. By enabling parallel block creation, Kaspa achieves exceptionally fast block rates—currently generating one block per second, with the potential to scale up to 10-100 blocks per second.
The stagnation in Kaspa’s price could be attributed to the fact that recent market spikes have predominantly impacted Bitcoin and other first- and second-generation cryptocurrencies. Let’s delve deeper into the details surrounding KAS and explore three alternative altcoins worth considering.
Alleged Manipulation on MEXC
In addition to the potential lack of market focus on Kaspa, crypto analyst Alex (@apichukov) has raised concerns about possible price manipulation of KAS on the MEXC exchange. The analyst identified a recurring pattern occurring every 1-2 hours on the platform, suggesting a systematic approach aimed at suppressing KAS price movements.
According to Alex, the pattern becomes evident when KAS shows signs of upward momentum. At these moments, an automated system appears to place sequential sell orders—each amounting to millions—into the order book. These large-scale sell orders are reportedly timed strategically to exert downward pressure on the price of KAS.
The analyst emphasized that this behavior was observed multiple times throughout the day on MEXC, indicating a consistent and possibly automated manipulation pattern rather than isolated incidents. To substantiate these claims, Alex documented the activity with video evidence.
3 Promising Presale Alternatives to Kaspa (KAS)
As Kaspa’s price struggles to meet the bullish expectations of its holders, other tokens are preparing for launch, offering potential opportunities for significant gains.
Presales provide a chance to invest in projects at their inception. Below are three presales that present early investment opportunities, with the potential for 100x returns.
Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is a Layer-2 solution designed to address Ethereum’s limitations in transaction speed and cost. The project has already secured over $60 million in presale funding and is set to debut on crypto exchanges soon.
PEPU aims to deliver a comprehensive ecosystem that includes a decentralized exchange, cross-chain bridge, block explorer, and staking opportunities.
A standout feature is its meme coin launchpad, enabling users to create tokens without coding knowledge while incorporating anti-rug pull measures. Additionally, the project offers a developer grant program to encourage building on the Pepe Unchained L2 network.
The presale phase provides early investors with passive income opportunities through staking. With the current bullish market conditions and Bitcoin reaching new highs, the timing appears favorable for the project’s launch.
Cryptonews, a YouTube channel with over 13,000 followers, has also highlighted PEPU as a potential 10x/100x token:
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Source: captainaltcoin.com