You’ve probably heard some chatter about Kaspa if you are even remotely involved in crypto. We at CaptainAtlcoin like to cover KAS frequently since we believe this one has the potential to become one of the best altcoins globally.
The folks over at Crypto ZX seem to agree with us since they just dropped a video breaking down what’s going on with this up-and-coming coin, and let me tell you, it’s pretty interesting stuff.
So, let’s set the scene. The crypto market’s been doing its usual dance – you know, up, down, sideways, the whole shebang. This Saturday was particularly nuts, with some lucky (or smart) investors scoring big time. We’re talking 20%, 30%, even 40% gains in just a day. Talk about a weekend rush!
What you'll learn 👉
Kaspa’s Moment
Now, onto the star of the show – Kaspa.
This coin’s been turning heads since last year, and for good reason. It just pumped nearly 17% on Saturday and recovered well from the last week’s market crash.
While it dipped a tiny bit compared to Bitcoin, it’s still holding strong. And get this – its market cap just hit $4 billion. Not too shabby, right?
Kaspa Price Prediction
For you chart-watchers out there, Kaspa’s been doing some interesting moves. It got knocked back at the 23.6 Fibonacci level (fancy trader talk for “important price point”), but it’s bouncing back like a champ. Bitcoin’s still the big kahuna, though, with its dominance hovering around 55%.
Here’s the kicker – Kaspa’s not on any major exchanges yet. That means it’s a bit of a wild west out there, with whales potentially making big splashes in the small pond.
The Crypto ZX gang is pretty hyped about Kaspa’s future. There’s talk about getting listed on big exchanges, which could be huge. Plus, they’re working on smart contracts, which could really shake things up.
The presenter emphasized that Kaspa’s price movements are closely tied to Bitcoin’s price performance. For KAS to see big gains again, Bitcoin needs to stabilize and possibly move above key levels such as $65,000. Without Bitcoin’s stability, there is a risk that KAS could retest lower levels before we see any significant upward movement.
If the market continues to recover and Bitcoin does not experience sharp moves, KAS could potentially make its way back into $0.178 range and even re-enter the 0.20 price point (ATH area).
If we want to see higher pumps than this, then KAS needs to get listed on some of those big exchanges.
Read also: Kaspa Set to Soar: Analyst Reveals Price Level KAS Will Never See Again
Wrapping It Up
So, what’s the takeaway? Kaspa’s definitely one to watch. It’s shown it can take a punch and come back swinging, which is pretty impressive in this market. Sure, it’s got its challenges – low trading volume, no big exchange listings yet – but the potential is there.
What do you think about Kaspa? Are you jumping on the bandwagon or watching from the sidelines? I am for sure adding it to my watchlist (again).
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