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Kaspa (KAS) is currently holding a strong position in the cryptocurrency market with a price of $0.159. It has a market cap of $3.94 billion and a 24-hour volume of $49.7 million. Kaspa is ranked 22nd on CoinMarketCap, showing a solid position in the industry.
KAS Key Statistics
- Current price: $0.159
- Market Cap: $3.94 billion
- Trading volume (24 hours): $49.7 million
- Circulating supply: 24.6 billion KAS
- Total supply: 24.6 billion KAS
- CoinMarketCap Rank: #22
Despite being down 21.27% from its high over the last 30 days and down 7.75% over the last 7 days, Kaspa has shown resilience, recovering 26.83% from its low last month and gaining a modest 1.16% over the past week.
KAS/USD Market Analysis
Main levels:
resistance: $0.172, $0.180, $0.200
Support: $0.156, $0.145, $0.135
KAS/USD is currently hovering near the $0.156 support level, which is close to the lower Bollinger Band, suggesting a possible bounce. The MACD line is just below the signal line, indicating that the bearish momentum is weakening. If KAS can hold the support level at $0.156, it can target the resistance levels of $0.172 and $0.180. A successful break above these levels could open the way for further upside to $0.200.
Can KAS rebound and maintain its upward trend?
Kaspa’s current market behavior suggests cautious optimism. The cryptocurrency has shown the ability to recover from a downtrend, and if it can hold above the key support level, a bullish reversal is possible. This change can be confirmed if the MACD line crosses above the signal line, with resistance at $0.172. However, if the support at $0.156 fails to hold, KAS could see further consolidation.
Kaspa witnesses a whole new ecosystem
KAS/BTC Performance Insights
In the KAS/BTC pair, Kaspa is trading at 0.000027492 BTC and has tested resistance near 0.000028884 BTC. The pair is located near the middle Bollinger Band, indicating a balanced market sentiment. The MACD suggests a neutral outlook, with a potential move in either direction. A break above 0.000028884 BTC could push the pair higher to 0.000030000 BTC, while a decline could test support at 0.000025988 BTC.
However, @AMCryptoAlex, who has over 11,000 followers on X (formerly Twitter), points out that KAS is notable as one of the few fair launch projects on the market. What’s impressive is that it’s only down 22% from its all-time high, which is similar to #BTC’s performance.
$what The parabola still remains intact.
It is one of the few fair launch projects with a capital of over $1 billion.
It only decreased by 22% from ATH, which is as follows: #bitcoin.
I am watching the $0.2 level. If it breaks that level, KAS will hit another all-time high. pic.twitter.com/Cu5CyEXyhS
— AMCrypto (@AMCryptoAlex) September 1, 2024
Kaspa’s alternative
Kaspa (KAS) remains a significant player in the crypto market with a strong market cap of around $3.94 billion and a strong presence on the cryptocurrency blockchain. However, another notable upstart is Pepe Unchained ($PEPU), which raised $11.5 million in a presale in preparation for its major DEX launch. The presale is open to anyone with no minimum investment, making it easy for anyone to participate.
Pepe Unchained has secured a strong foundation for growth and market visibility by allocating 20% of its total supply of $8 billion to presales, 30% to staking, and 20% to marketing. Prioritizing security, 10% of the supply is allocated to liquidity, minimizing slippage and reducing rug pool risk. The smart contracts have undergone rigorous audits by SolidProof and Coinsuit, increasing investor confidence.
Pepe Unchained is also developing a Layer 2 network that will lower gas fees, making it attractive to both traders and investors. The network will include a block explorer and instant bridging between the chain and Ethereum, improving convenience and efficiency.
With solid fundamentals, a community-driven approach, and strong security measures, $PEPU is well positioned as a leading meme coin with the potential to deliver significant returns in Q4 2024. This could be a valuable long-term investment opportunity.
Visit Pepe Unchained
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