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Kaspa (KAS) has seen a remarkable network activity in recent days following the successful launch of its KRC-20 tokens. The network, typically processing around 30,000 transactions per day, experienced an over 400-fold increase in transaction volume during the KRC-20 rollout. This influx of activity highlights the growing demand for Kaspa’s scalable and efficient infrastructure, positioning the project as a significant player in the blockchain ecosystem.
KAS Key Statistics
- Current Price: $0.17
- Market Cap: $4.26 billion
- Trading Volume (24h): $57.46 million
- Circulating Supply: 24.73 billion KAS
- Total Supply: 24.73 billion KAS
- CoinMarketCap Ranking: #21
Kaspa’s price is currently down by 4.25% from the highest price points in the past 30 and 7 days. However, it has surged by 22.46% and 8.83% from the minimum price during the same periods, indicating a strong recovery. The network is showing robust growth potential, with over 80,000 unique addresses participating in the KRC-20 token launch, underscoring high demand for Kaspa-based tokens.
KAS/USD Market Analysis
Key Levels
Resistance:$0.20, $0.22, $0.25
Support: $0.15, $0.14, $0.12
The KAS/USD chart reflects a bullish market structure. Currently trading at $0.17, the price has moved above the middle Keltner Channel (KC), which indicates continued positive momentum. The Moving Average Convergence Divergence (MACD) is showing a bullish crossover, with the blue line crossing above the signal line, suggesting a potential upward rally.
If Kaspa continues its current trend, it could soon test the $0.20 resistance level. Beyond this, a breakout above $0.22 could propel the price towards $0.25, aligning with previous highs. On the downside, support lies around $0.15, with additional levels at $0.14 and $0.12 in case of a pullback.
KAS Takes Off: 10 BPS Milestone Looms
With the success of the KRC-20 token launch, Kaspa’s next development phase promises even greater scalability. The network plans to reach 10 blocks per second (BPS) early next year, further enhancing transaction throughput and efficiency. The recent increase in transaction volumes and the 21 million $KAS collected in fees demonstrates Kaspa’s profitability for miners, which is likely to attract more participants to the network.
KRC-20 Brings Bullish Momentum to Kaspa
If the current bullish sentiment continues, Kaspa could see sustained price growth, reaching beyond $0.22 in the coming weeks. The network’s scalability and efficiency put it in a strong position for future advancements, making it a key player in the blockchain space.
KAS/BTC Performance Insight
The KAS/BTC pair is currently trading at 0.00002849 BTC, representing a 0.49% increase over the last 24 hours. The price is hovering above the middle Keltner Channel, suggesting continued bullish momentum. The MACD indicators show a potential upward trend, with resistance located at 0.00003200 BTC. On the downside, support is strong at 0.00002547 BTC.
Kaspa continues to make waves with the recent launch of KRC-20 tokens, signaling a new era of innovation for the network. In a recent tweet from the KaspaNetwork team on X (formerly Twitter), they celebrated this milestone but hinted that the true excitement lies ahead. The community is now eagerly awaiting the ‘Kaspa in Enterprise’ event on September 24th, where new innovations are set to be unveiled. With the successful KRC-20 launch already generating buzz, this upcoming event could be a major catalyst, driving further interest and expansion within the Kaspa ecosystem.
🚀 KRC-20 LAUNCHED! Our celebration with #KaspaNetwork continues. While “tomorrow” was our passion for immediate innovation, the real excitement awaits next week! Stay tuned for new innovations at our Kaspa in Enterprise event 24th September. https://t.co/m4pordmf47…
— Kaspa Kii (@KaspaKii) September 18, 2024
Alternatives to KAS
Within the blockchain ecosystem, Kaspa continues to hold a prominent position, driven by growing demand for its efficient and scalable infrastructure. Concurrently, emerging projects like Pepe Unchained ($PEPU) are making notable strides, garnering attention from investors and enthusiasts alike. Pepe Unchained’s successful presale, which raised over $13.6 million, and forthcoming decentralized exchange (DEX) launch underscore its potential as a viable player in the market.
The project’s innovative approach to the meme coin sector, coupled with Ethereum compatibility, presents a compelling alternative to traditional DeFi platforms. The staking protocol’s projected 177% annual yield and substantial community support, with over 1 billion $PEPU staked, warrant serious consideration from investors seeking growth opportunities. Furthermore, the discounted presale price of $0.0098 offers an attractive entry point for those looking to capitalize on the project’s future success.
Pepe Unchained Poised for a Major Surge After Fed Rate Decision
Notably, Pepe Unchained’s dedicated community of 15,500 followers underscores the project’s burgeoning momentum. This level of engagement suggests a strong foundation for the project’s continued growth and development. A comprehensive analysis suggests that Pepe Unchained is well-positioned for significant appreciation, making it a worthy investment consideration for those looking to diversify their portfolio.
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