In a video posted on YouTube by On The Go Crypto, the cryptocurrency analyst shed light on the recent price action of Kaspa (KAS). The video explains the importance of understanding the mechanics behind Kaspa’s pump this week, where it hit a new ATH of $0.1916, and why it is an important development for the project and its investors.
Kaspa’s Pump Precedes Bitcoin’s Rise
One of the key takeaways from the video is that Kaspa’s price surge was not a result of Bitcoin’s dominance, as some skeptics might suggest. In fact, a closer look at the price charts reveals that Kaspa began its upward trajectory on June 2nd, while Bitcoin’s pump started on June 4th.
This independent price action demonstrates Kaspa’s inherent strength and its ability to attract investor interest regardless of the broader market trends.
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A major reason for Kaspa’s price surge is the ongoing migration to Rust nodes. As Kaspa nears the completion of this migration, with less than 9% left, it is seen as a significant technical milestone. The migration to Rust nodes is expected to enhance the network’s efficiency and scalability, which has likely attracted more attention and investment interest in the project.
There are also speculations that the popular cryptocurrency exchange Coinbase might list Kaspa due to historical connections and financial support provided to the development team. The anticipation of a potential listing on a major exchange like Coinbase can generate significant buying pressure and contribute to the price surge.
The video also addresses the skepticism surrounding Kaspa, with some investors expressing doubt about the project’s long-term prospects. However, On The Go Crypto emphasizes that regardless of one’s personal opinions, Kaspa is moving forward with or without them.
$KAS KASPA REALISTIC PRICE PREDICTION KASPA PUMP EXPLAINED! KASPA UPDATE!
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The analyst encourages investors to recognize the opportunity at hand and to consider accumulating KAS while it is still early.
On The Go Crypto also addresses the common misconception that buying Kaspa is difficult. The analyst points out that Kaspa’s official website provides several user-friendly options for purchasing KAS, including platforms like Uphold and ChangeNow.
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The post Kaspa Analyst Explains Real Reason Behind KAS Hitting New ATH: Highlights Upcoming Major Exchange Listing and Key Upgrade appeared first on CaptainAltcoin.