Kaspa Spikes +20% Following Major Bullish Announcement, Decisive Move Past This Price Could Prolong KAS Rally
The price of the Kaspa (KAS) cryptocurrency spiked over 20% today following a major bullish announcement that smart contract and decentralized finance (DeFi) capabilities are officially in development for the Kaspa ecosystem.
The news was revealed by Braver Crypto, an X account that shared, “@BraverCrypto: $KAS Smart Contract & DeFi Crypto ecosystem officially in development. Excited to see what Dr. Yonatan Sompolinsky has in store for us. Given his proven track record & penchant for innovation, I’m sure it’ll be epic. Kaspa is currently $.134 & $3 billion market cap.”
For those unfamiliar, smart contracts are self-executing contracts with the terms directly written into code on a blockchain. This allows for automating agreements and transactions without needing intermediaries. DeFi refers to financial applications built on blockchain technology that can provide services like lending, borrowing, and trading without relying on central authorities.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +The revelation that Kaspa will integrate these capabilities was met with celebration from the project’s enthusiasts. “KASPA Enthusiast 𐤊” tweeted, “The news about the development of smart contracts by Kaspa Eco Foundation (@Kaspa_KEF) is causing a stir. $kas will see great things in the coming weeks and months.”
At the time of writing, Kaspa is trading at around $0.14, up over 15% on the day according to KASPA Enthusiast 𐤊 who stated, “#kaspa has broken through 14 cents for the second time in the last few hours and is up over 15%. The indicators of the $kas chart offer the possibility of a good pump.”
Technical analysis of the Kaspa price charts indicates the price is surpassing a significant resistance level of $0.15. If the price manages to close above this level, it is likely to experience a notable upward surge and potentially establish a new record peak. The positive market sentiment, accompanied by favorable fundamentals, further supports the possibility of an extended price rally.
You may also be interested in:
- Elite Crypto Analyst Shares Top 10 Mistakes To Avoid This Bull Run
- Shiba Inu Team Member Predicts “Miracle Recovery” and New SHIB ATH Before Bitcoin Halving
- Crypto Whales Monitor Rising Altcoins Scorpion Casino, Memeinator & Scotty AI As They Project 100x Gains
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades 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.
