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.
- Tellor Whales Trigger 33% TRB Freefall: Who Dumped, and How Much Did They Make?
- Analyst Compares Kaspa to Cardano, Revealing His KAS Strategy While the Coin Trades in Red
- Uncovering Hidden Crypto Treasures: The Growth Potential of NEO, $RBLZ, and EGLD
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.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com