Kaspa is having a moment. While most of the crypto market has been sluggish or drifting lower, Kaspa (KAS) is standing out, and not just for its price action. According to CoinMarketCap’s trending sentiment tracker, Kaspa currently holds the top spot for the most bullish sentiment across the entire market. Over 90% of users who voted marked it as bullish. That’s a strong signal that retail investors are feeling confident, even as other coins continue to bleed.
So what’s behind this sudden surge in optimism?
One big reason is the rumor that Circle, the company behind the USDC stablecoin, is exploring a partnership with Kaspa. If this happens, USDC could become natively available on the Kaspa blockchain. That would be a huge milestone. It would instantly boost Kaspa’s credibility in the eyes of the DeFi world, giving it access to stablecoin liquidity and opening doors for all sorts of decentralized finance use cases. While this hasn’t been confirmed, the fact that it’s even being discussed is helping to fuel excitement.
Kaspa Tops Crypto Market in Bullish Sentiment Today
— Kaspa Daily (@DailyKaspa) June 6, 2025
Kaspa is leading the entire crypto market in bullish sentiment today, according to CoinMarketCap trending metrics. While most assets remain uncertain, KAS stands out with the strongest retail confidence.
Several factors may… pic.twitter.com/RENk39lVJm
On top of that, development on Kaspa’s Layer 2 ecosystem is moving forward. Kasplex, the Layer 2 scaling solution for Kaspa, has already started testing smart contracts. Early reports suggest that these are running smoothly, which is impressive given how fast Kaspa has been evolving over the past year. A working smart contract layer could bring new dApps and developers to the network, increasing utility and long-term potential.
There’s also something to be said about Kaspa’s holders. Despite recent volatility, exchange balances for KAS have been steadily declining. That means more tokens are being moved into cold wallets and long-term storage, rather than sitting on exchanges ready to be sold. At the same time, wallet growth has continued to rise. This combination points to a strong and growing community that believes in Kaspa’s long-term future, not just short-term trading.
Kaspa Price Bounces from Support – Is This a Real Reversal?
But what about the price? On the technical side, things are looking cautiously optimistic. After falling to around $0.075 earlier this month, KAS has bounced back and is currently trading near $0.085. That bounce came right off a key support level, and the chart shows that bulls are at least trying to regain control. However, the price is still below its 200-day moving average, which sits around $0.106. That’s the level traders will be watching closely – it’s the line that separates a short-term rally from a real trend reversal.
If Kaspa can push above the $0.088 to $0.090 resistance zone, it could quickly target $0.10 and beyond. But if it fails to hold above $0.080, there’s a risk of another drop back to $0.075 or even lower. The Relative Strength Index (RSI) is sitting in neutral territory, which means there’s room for either move. It all comes down to whether this bullish sentiment turns into real buying pressure.
What’s clear is that Kaspa isn’t being ignored anymore. Whether it’s the USDC speculation, the Layer 2 development, or simply a strong and loyal community, something has shifted. People are paying attention. And if even part of the bullish narrative plays out, Kaspa could end up being one of the more interesting stories in crypto this summer.
Read also: Why One Trader Just Dropped $20K on Kaspa – But Should You Follow?
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