Date: Thu, Nov 14, 2024, 04:59 PM GMT
In the cryptocurrency market today, the price of Kaspa (KAS) saw a remarkable surge, climbing by 18% within the past hour and reaching a high of $0.1416. This upward movement follows an exciting announcement from the prominent crypto exchange, Kraken.

Source: Coinmarketcap
Kraken Listing Announcement:
Just minutes ago, Kraken announced that it will list Kaspa (KAS) on November 19th at 14:00 UTC, with trading pairs $KAS/$USD and $KAS/$EUR. This news provided a substantial boost to KAS, as the Kaspa community had been eagerly awaiting a listing on a major exchange.

Source: @krakenpro (X)
Kraken’s announcement, phrased humorously as, “'Wen KAS?' you asked 1,000,000 times,” signals that the community’s persistence has paid off.
What To Expect Ahead?

At the moment, KAS is trading at the $0.14 level, hovering just above a key support level of $0.1374. This support acts as a foundation, and if KAS can maintain its position above it, we could see the price rally towards the next resistance level at $0.18, which represents a potential 27% increase from the current price. The bullish sentiment stemming from the Kraken listing news could drive continued momentum in the short term.

Conclusion:
The Kraken listing has provided a strong boost for Kaspa (KAS), propelling it to new levels as it holds above critical support. With the potential to reach the $0.18 resistance, KAS traders and investors have reasons to be optimistic. However, maintaining momentum will be key in the days leading up to the official listing, so keeping an eye on support and resistance levels is essential. This listing marks a positive milestone for Kaspa, showing the impact of strong community support and growing interest in the project.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Kaspa #KAS

Date: Tue, Nov 12, 2024, 11:11 AM GMT
The cryptocurrency market started today with a surge as Bitcoin (BTC) reached a new all-time high of $89,956. This marks a significant milestone for BTC, as it managed an impressive 25% rally over the past seven days. However, after reaching this peak, BTC has faced a healthy correction and is currently consolidating around the $87,000 range.
As is often the case, BTC’s correction has had a ripple effect on other cryptocurrencies, and many altcoins have seen price pullbacks. Among them, Kaspa (KAS) has experienced a decline of over 10% in the last 24 hours.

Source: Coinmarketcap
Despite this, KAS appears to be finding key support levels, which could set the stage for a potential rebound if market conditions stabilize.
Kaspa (KAS) Finds Key Support
Over the past week, Kaspa (KAS) saw a notable upward trend. Since November 5, the price of KAS climbed from a low of $0.1044 to a peak of $0.1615, marking an impressive 50% rally. This surge was likely driven by growing interest in the project, coupled with the overall bullish sentiment in the crypto market.

However, as KAS approached the $0.16 range, it encountered a rejection. Currently trading at around $0.1387, KAS has found support within the $0.1345 to $0.1405 range. This support level is critical, as it could serve as a base for KAS to consolidate and potentially reverse its recent downtrend.
What to Expect Ahead?
As of now, the entire crypto market, led by Bitcoin, is in a corrective phase. BTC’s price action is often a key driver for altcoins, so KAS’s next move may be influenced by BTC’s performance. If BTC rebounds from the $87,000 mark, it could spark renewed bullish momentum across the market, creating favorable conditions for KAS to recover from its current correction.
For KAS, the immediate support at $0.1345-$0.1405 is crucial. If this level holds, we could see a renewed upward movement, with potential targets around $0.1622 and $0.18. A rise to these levels would represent an upside of over 25% from the current price. Furthermore, a break above $0.18 could lead KAS to challenge its previous highs, but this would depend on continued strength in BTC and broader market sentiment.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Kaspa #KAS

Date: Sun, Nov 10, 2024, 05:45 AM GMT
The cryptocurrency market is currently experiencing an impressive rally, with Bitcoin (BTC) reaching new all-time highs following Donald Trump's victory in the U.S. election on Nov 5. Bitcoin recently surged to an all-time high of $79,000, sparking bullish momentum across the market, particularly in major altcoins.
Among these, the Layer 1 protocol Kaspa (KAS) has gained significant traction .In the past 24 hours, KAS has seen an impressive jump of over 20%, now trading at $0.1374 and boasting a market cap of $3.45 billion. This surge has caught the attention of many, with speculation that whale accumulation might be fueling the rally.

Source: Coinmarketcap
Whale Accumulation: A Driving Force?
The recent bullish trend for Kaspa (KAS) is not solely due to market sentiment; whale accumulation has played a substantial role in the upward movement. In the last 30 days, large holders (or "whales") have steadily increased their holdings, suggesting a strong belief in KAS’s potential for future gains.

Source: kas.fyi/top-addresses
As shown in the Address Distribution Chart:
"Crab" holders, owning between 100 and 1,000 KAS, have increased their holdings by 24,469% KAS over the last 30 days."Octopus" holders, with balances between 1,000 and 10,000 KAS, added 5,147% KAS during the same period."Fish" holders, who have between 10,000 and 100,000 KAS, accumulated an additional 2,526% KAS."Dolphin" holders, with balances between 100,000 and 1 million KAS, increased their holdings by 285% KAS.
This accumulation trend demonstrates growing interest from both institutional and retail investors, adding pressure to the supply and driving up KAS prices.
Technical Outlook

Looking at the Technical Chart, KAS appears poised for further gains. The recent price movement has formed a bullish W-pattern, signaling a potential breakout above key resistance levels. If KAS can break through the $0.1486 resistance, it could open the door for a move towards the $0.18 and $21 levels.
Additionally, the RSI (Relative Strength Index) indicates a healthy uptrend, currently sitting above 60. This suggests that while KAS has seen rapid gains, it still has room for growth before reaching overbought territory.
More Upside Ahead?
Given the ongoing whale accumulation and positive technical indicators, it’s possible that Kaspa’s bullish momentum could continue in the near term. If broader market conditions remain favorable, KAS may very well sustain its upward trajectory, with potential for more gains ahead.
However, investors should exercise caution, as the crypto market is inherently volatile. A sudden change in sentiment or market conditions could impact KAS’s price.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

#Kaspa

Matthew Crats from Bitcoin University explores if Kaspa (KAS) could be the next Bitcoin in a YouTube video released some days ago. He provides a methodology to analyze cryptocurrencies, and he also believes such could work for Kaspa and any other crypto. 
Kaspa is ranked 24th by market cap, positioned between ICP (Internet Computer) and Pepe. The blockchain implements a protocol called GhostDAG, a generalization of the Nakamoto consensus.
Unlike traditional blockchains, Kaspa’s blockDAG orders all blocks in parallel within consensus, allowing high block rates, instant transactions, and scalability without compromising security. The protocol is based on a paper by Kaspa’s founder, Yonatan Sionski.
Some of the advantages of Kaspa include that it was pre-mined and did not have any initial token allocation, unlike Ethereum and Cardano. The crypto runs on a proof-of-work consensus mechanism and has a fixed maximum supply similar to Bitcoin.
Kaspa’s maximum supply is 28.7 billion coins, much higher than Bitcoin’s 21 million, making it appear cheaper per unit.
Concerns about Kaspa
Despite all the advantages, the presenter raised some concerns about Kaspa. One of the issues is that the founder of Kaspa, Yonatan Sionski, actively tweets and also makes some controversial posts.
It has also been seen that the development team is predominantly Israeli, raising concerns about decentralization and potential bias. More so, the founder’s public stance on the Israel-Palestine conflict might deter certain user groups from using the blockchain.
Kaspa claims to solve the blockchain trilemma (security, scalability, and decentralization). However, Crats’ has a little different perspective on this. He thinks that if Kaspa succeeds globally, it may threaten decentralization due to the need for massive archival nodes.
However, for fairness, Crats assumes Kaspa’s GhostDAG is as effective as claimed.
Kaspa vs. Bitcoin: Why KAS is Not the Next BTC
Bitcoin has an anonymous and absent founder, Satoshi Nakamoto, and this provides neutrality and decentralized trust.
Kaspa’s faster issuance schedule (most coins mined by 2026) contrasts with Bitcoin’s slow, organic growth.
Bitcoin’s initial period began with a period of curiosity, which led to its organic global distribution and adoption. However, Kaspa is trying to accelerate this path.
The Kaspa community often asserts that Kaspa is not a competitor to Bitcoin but rather complements it, similar to the silver-to-gold analogy. Crats argues that all money competes, and Bitcoin’s established network effects and global integration make it a formidable opponent.
Bitcoin has proven its resilience over time, having been battle-tested and integrated into the global financial system. Kaspa, being newer and less tested, has not yet demonstrated the same level of resilience.
Kaspa, though innovative, faces challenges in competing with Bitcoin’s established dominance, network effects, and global brand. Bitcoin’s role in financial systems, geopolitical influence, and market cap make it a tough contender for any new cryptocurrency.
Crats suggests that while Kaspa might outperform Bitcoin in the short term, long-term trends favor Bitcoin.
While Kaspa introduces some technological innovations and has certain advantages, it faces significant challenges in competing with Bitcoin’s established dominance, network effects, and global trust.
Crats recommends focusing on Bitcoin due to its proven resilience and established position. He encourages viewers to hold BTC and avoid distractions from new cryptocurrencies promising to outperform Bitcoin.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Kaspa #KAS

Kaspa Surges Amid Market Challenges: Can KAS Maintain Its Bullish Streak?

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Despite the overarching bearish sentiment causing significant valuation losses in the crypto industry, Kaspa (KAS) showcases a strong bullish trend with significant gains.

KAS has experienced a notable increase, with a 10.16% rise in the last 24 hours and 13.36% over the past month.

The MACD indicates a positive price sentiment with a rising green histogram, while the averages suggest a continued bullish trend for KAS.

As the broader crypto market continues to move through a bearish phase, Kaspa (KAS) emerges as a notable exception, demonstrating resilience and bullish momentum in its price movements. Despite a general market downturn, KAS has managed to not only hold its ground but also record significant gains.

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#KAS #Kaspa #Trump #EthereumETF $BTC $ETH

The price of Kaspa (KAS) has been on a tear recently, breaking through its previous all-time high of $0.154. According to crypto analyst ꓘryptographiK, this former resistance level is now turning into support, which could propel KAS to new heights.
Former Peak Now Support
In a recent tweet, ꓘryptographiK noted that with KAS now trading above $0.154, the old all-time high is acting as a new floor for the asset. This is a bullish development, signaling strong momentum as buyers continue pushing the price upward.
This support level is evident based on the Fibonacci retracement levels from the recent high of $0.16. So far, KAS has held the 1.0 Fib line at $0.154 on retest.

Next Target Using Fib Levels
With the previous top now flipped into a support zone, ꓘryptographiK believes the 1.618 Fib extension provides a price target of $0.203 for KAS bulls.
This means Kaspa could see a rally of over 25% from current levels if bullish momentum accelerates. The analyst’s Fib analysis often provides reliable targets for capturing momentum trades during strong uptrends.
So while KAS is seeing a cooldown from its recent highs, its technical positioning remains distinctly bullish. With key support holding from former resistance, Kaspa seems poised to make a run toward $0.20 and potentially set new all-time highs if positive sentiment continues.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Kaspa #KAS