Kaspa Enters Top 35 Without Major Exchange Backing, Analysts Highlight KAS Accumulation Zones Suggesting Perfect Time to Buy
Kaspa’s KAS token gained over 100% in recent days, according to AltCryptoGems founder Sjuul, who has been an early proponent of the project. Despite limited exchange listings, KAS already holds a top 35 position by market capitalization, highlighting its immense fundamental potential.
After more than doubling from its lows, KAS pulled back to its .618 Fibonacci level, which is providing support around $3.15. As noted by some community members, including Kaspa Enthusiast, this is a healthy area for renewed accumulation. “New accumulation zone between 2,618 and 3,618 FIB while waiting for the arrival of 10 BPS,” said an analyst.
Notably, KAS’s parabolic move occurred ahead of at least two major upcoming catalysts that could drive further rapid gains. The first is Kaspa’s mainnet launch in the coming weeks, a major milestone for the Bitcoin-based smart contract platform.
Additionally, new exchange listings are likely imminent, with most major venues still not offering KAS trading. Being added to top exchanges like Coinbase, Binance, and KuCoin could significantly expand Kaspa’s visibility and liquidity.
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With strong technology and tokenomics backing a project that remains early in its adoption curve, KAS’s outlook appears bright for 2023. Its recent double-digit percentage retracement offers an attractive opportunity to begin positions before further upside drivers materialize.
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