Why Is Kaspa (KAS) Price Moving Sideways? Top 3 Altcoins to Consider Instead

2024-12-4 01:58

The price of Kaspa has not been impressive lately. In the last two days, the KAS price has declined by more than 5%. This has come as a surprise to many, considering that many altcoins are currently increasing in value.

Kaspa has gained attention in the crypto ecosystem, and this has helped the token rise in rank very quickly within a short time. One of the key selling points of Kaspa has been its GHOSTDAG protocol, which allows simultaneously created blocks to be part of the valid history. By embracing parallel block creation, Kaspa achieves remarkably fast block rates—currently producing one block every second, with the potential to scale to 10-100 blocks per second.

The reason behind Kaspa’s lack of action could be that most of the spikes have been affecting Bitcoin and the top first- and second-generation coins. Let’s dig into more details about KAS and a potential 3 altcoins to buy instead.

Alledged Manipulation from MEXC

Apart from the possible lack of attention on Kaspa, crypto analyst Alex (@apichukov) has raised concerns about potential KAS price manipulation on the MEXC exchange. The analyst observed a recurring pattern occurring every 1-2 hours on the platform, describing a systematic process that appears to suppress KAS price movements.

According to Alex, the pattern emerges when KAS shows signs of upward momentum. At these moments, the analyst detected what appears to be an automated system placing sequential sell orders, each in the magnitude of millions, into the order book. The analyst states these large-scale sell orders are strategically timed to create downward pressure on the KAS price.

The crypto analyst emphasizes that this behavior was observed multiple times throughout the day on MEXC, suggesting a consistent and potentially automated manipulation pattern rather than isolated incidents. He documented this activity via video evidence to support his observations.

3 Major Presale Alternatives for Kaspa (KAS)

As Kaspa is down and not fulfilling the bullish desires of its holders, some tokens are gearing up for launch, presenting potential opportunities for major gains. 

Presales offer opportunities to get in on a project from the beginning. The following presales present early opportunities that could position users for 100x gains.

Pepe Unchained (PEPU)

Pepe Unchained (PEPU) is launching as a Layer-2 solution designed to address Ethereum’s transaction speed and cost limitations. The project has secured over $60 million in presale funding and will soon debut on crypto exchanges.

PEPU aims to deliver a comprehensive ecosystem including a decentralized exchange, cross-chain bridge, block explorer, and staking opportunities. 

A notable feature is its meme coin launchpad, allowing users to create tokens without coding knowledge while implementing anti-rug pull measures. The project includes a developer grant program to encourage building on the Pepe Unchained L2 network. 

The presale phase offers early investors passive income opportunities through staking. With the current bullish crypto market conditions and Bitcoin reaching new highs, timing could be favorable for the project’s launch.

Cryptonews, a YouTube channel with more than 13 thousand followers, also made a video about PEPU, regarding it as a 10/100x token: 

The presale window is closing soon, with only a few days remaining before exchange listings begin. Now could be the last chance to secure the token.

To join, download MetaMask for desktop or Best Wallet mobile app to view PEPU in Upcoming Tokens. Add funds using your card or transfer ETH, USDT, or BNB from another wallet. Connect your wallet through the presale website, select payment type and amount, and then buy.

>>>> Join Pepe Unchained (PEPU) Community <<<<

Flockerz(FLOCK)

Flockerz (FLOCK) is a decentralized cryptocurrency project featuring a Vote-to-Earn system. Through its platform Flocktopia, FLOCK token holders can vote on project decisions and earn rewards for participating. 

Holders vote on proposals affecting marketing, token economics, and strategic directions. The system enables token holders to directly influence project decisions while earning additional FLOCK tokens for their involvement, regardless of how they vote. 

Through this structure, Flocktopia functions as a digital town hall where every holder has equal opportunity to shape the project’s future and earn rewards for active participation.

To join this presale, connect your MetaMask (desktop) or Trust Wallet (mobile) to purchase FLOCK tokens using ETH, BNB, USDT, or bank card. Ensure sufficient funds in your chosen payment method, complete the required information, and proceed with the swap. After purchase, consider staking your FLOCK tokens to earn passive income.

>>>> Join Flockerz (FLOCK) Community <<<<

Best Wallet (BEST)

Best Wallet is a non-custodial cryptocurrency wallet supporting thousands of digital assets across more than 50 blockchain networks, including Bitcoin, Ethereum, and USDT. Users manage their crypto transactions – buying, swapping, storing, and selling – directly within the app.

The platform is offering the BEST airdrop program so users can earn BEST tokens by completing tasks and referring new users. Simply connect your wallet and social media accounts to start earning points, with token claims available at the campaign’s end.

The BEST token powers the ecosystem, offering holders reduced platform fees, enhanced staking yields, early access to vetted presale opportunities, and voting rights on key platform decisions.

Users can stake their tokens easily through the platform widget or directly in the Best Wallet app, with real-time tracking of your staked assets.

The token presale is now live. Early participants can secure BEST at low rates before the public launch. Download Best Wallet today to join the next generation of crypto management and earn your share of the ecosystem’s rewards.

>>>> Join Best Wallet Community <<<<

Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Why Is Kaspa (KAS) Price Moving Sideways? Top 3 Altcoins to Consider Instead appeared first on CaptainAltcoin.

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