The native token of the Kaspa blockchain network, KAS, has seen tremendous growth recently. According to X platform user, KASPAEnthusiast, the token reached a new all-time high of over 18 cents. This latest price level shows the token’s impressive performance so far.
Additionally, cryptocurrency analyst Cryptographur commented on the record prices achieved by the Kaspa token (KAS) on the day as it surpassed $0.18 for the first time. He noted that Kaspa has now pulled ahead of competitor blockchain projects Cosmos (ATOM) and Theta (TAO) in terms of token price.
However, Jim tempered his excitement by saying these prices are not yet high enough to get out of bed for. He expects to have a stronger reaction when Kaspa can crack the top 10 cryptocurrencies by market capitalization, indicating there is still room for substantial growth ahead.
Technical Analysis
Analyzing the daily price chart on TradingView, the KAS token is currently trading at $0.181185. Over the past week, it has shown consistent gains indicating positive sentiment.
The RSI level stands at 82.22 suggesting potential short-term overbought conditions. However, KAS still seems to be in a firmly bullish trend based on price action and its exponential moving averages. Additionally, the MACD indicator and the signal line further affirm Kaspa’s bullish momentum.
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Show more +Overall, Kaspa’s native token has seen impressive growth with more potential ahead. Both the token’s historic high and technical indicators point to continued upward momentum. Yet prices may need to cool off briefly from their overextended levels before continuing higher. Still, KAS seems poised to keep making new highs over the long run.
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