Kaspa ($KAS) Pullback: A Temporary Setback or a Sign of Things to Come?

2023-8-15 12:00

The crypto community is abuzz with talk of Kaspa ($KAS), a fair launched proof-of-work cryptocurrency, experiencing a pullback from its all-time high (ATH). While some traders are expressing concern, others view this as a natural and temporary retracement, an opportunity to accumulate more of the asset.

A Look at the Numbers

The price of Kaspa (KAS) is currently at $0.03850430, with a 24-hour trading volume of $16,823,846.63. This represents a -11.93% price decline in the last 24 hours and a -16.42% price decline in the past 7 days. With a circulating supply of 20 Billion KAS, Kaspa is valued at a market cap of $776,329,285.

The Growth of Kaspa

Kaspa’s growth has been nothing short of incredible. The hashrate has reached 9 PH/s, and another listing with Bitrue is on the horizon. The backtest of its previous ATH, similar to what $ETH and $ADA experienced before their parabolic pumps, has many enthusiasts optimistic about the future.

Kaspa’s fundamentals remain strong. It operates at 1 block/second, making it highly scalable, secure, and decentralized. Over 70% of coins are now in circulation, with full dilution planned by 2037. ASICs are securing the network, and the hash rate has been going parabolic. Smart contracts are in development, positioning Kaspa as a contender for a truly decentralized and scalable economy.

The Psychological Aspect

Markets are psychological, and patterns repeat because human behavior does not change. The current price levels on Kaspa are seen by many as very attractive. Of course, this is speculative, and caution is advised. But the sentiment is clear: this is an amazing opportunity to stack in anticipation of the next leg up.

The Pullback: A Normal Phenomenon

The recent pullback in Kaspa’s price is viewed by many as a normal occurrence. It’s not uncommon for assets to experience retracements as people take profits. The hype around the project remains strong, and the fundamentals are solid.

Analysts are closely watching the support zone around $0.032. Once Kaspa finds its local bottom at this level, many believe it will embark on a new bull run. The growth of the hashrate, upcoming listings, and the development of smart contracts all contribute to a positive outlook.

Conclusion

Kaspa’s recent price decline is seen by many as a temporary setback rather than a cause for alarm. The community’s faith in the project remains unshaken, and the underlying fundamentals are robust. With strong support expected around $0.032, the stage is set for Kaspa to resume its upward trajectory. As always, investors are advised to do their research and invest responsibly. The crypto market is known for its volatility, but for those who understand where Kaspa stands, this could be a golden opportunity.

The post Kaspa ($KAS) Pullback: A Temporary Setback or a Sign of Things to Come? appeared first on CaptainAltcoin.

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kas kaspa → Результатов: 16


Kaspa Holders Should ‘Be Terrified’: Why Many KAS Investors Will Get Rekt

Cryptocurrency investor Aim Gambler has issued a stark warning to holders of Kaspa (KAS) – explaining why they should be “terrified” about the token’s prospects. In a series of tweets, Aim Gambler pointed out similarities between KAS and other cryptos like XRP, Safemoon, and SOL which he believes could lead to investors getting “REKT” (financially […] The post Kaspa Holders Should ‘Be Terrified’: Why Many KAS Investors Will Get Rekt appeared first on CaptainAltcoin.

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Kaspa: почему KAS, лидера новой эпохи PoW, называют наиболее подходящей криптовалютой для будущего?

Упоминание блокчейнов PoW часто вызывает споры о таких проблемах, как высокая задержка, медленное подтверждение транзакций и низкая пропускная способность. PoW — старейший механизм консенсуса в блокчейне, и проекты, использующие PoW, прикладывали немало усилий в попытке решить эти проблемы.

2023-6-9 11:51


Фото:

Апрель для 2Miners: добавление Kaspa и снижение награды за блок в сети Ergo

Рассказываем, какими были итога апреля 2023 года для популярного майнинг-пула 2Miners. Судя по всему, ключевым событием стало добавление Kaspa KAS для добычи. Однако это ещё не всё.

2023-5-3 15:50