Kaspa’s native token, KAS, reached an all-time high this week, breaking past $0.07 as its parabolic uptrend shows no signs of slowing down. KAS is trading at $0.07375 at press time.
According to cryptocurrency analyst Braver Crypto, KAS appears “unstoppable” as it continues to hit fresh highs. The recent breakout comes on the back of a blistering rally for the relatively obscure proof-of-work blockchain project.
“No matter what time frame you look at, the Kaspa chart is simply the most bullish I’ve ever seen,” said Kaspa Enthusiast on Twitter.
Source: CoinStats – Start using it today
KAS has grown over 17-fold in the last year amid a flurry of development on the Kaspa blockchain. The past month alone has seen KAS gain 58% as buyers pile in, significantly outpacing broader crypto markets.
Over the past week, KAS rallied 43% to its latest record high. It is up over 10% in the last 24 hours, as the rally shows no signs of exhaustion.
Kaspa supporters point to a string of technical upgrades and integrations as driving momentum for the blockchain project and its token.
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For KAS holders, the token’s parabolic ascent has created a real riches-to-rags story in crypto’s volatile markets. Analysts say the chart looks poised for further upside, but a correction likely looms after such a vertical rally.
However, Kaspa’s current RSI (Relative Strength Index) is 47. This indicates that momentum is balanced and Kaspa may continue trading in a range for now.
Still, Kaspa’s ability to nurture an avid niche following in a crowded crypto field highlights the power of community engagement and development execution in building sustainable momentum.
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