The price of Kaspa has been rising steadily over the past three days. According to CoinMarketCap, KAS saw a 13.33% price increase over the past 24 hours, accompanied by an 18.21% increase in trading volume. This rise indicates increasing investor interest and activity around the token, supported by recent developments and speculation in the market.
The price of KAS is rising because Kaspa has reached a major milestone, surpassing 100 million pieces produced on its mainnet. Since its launch three years ago, Kaspa has stood out thanks to its unique blockDAG structure, which enables fast block creation and parallel processing. This architecture improves speed, scalability, and security while maintaining decentralization – important features of modern blockchain systems.
Another reason is that there is speculation surrounding Binance’s potential listing. This has also contributed to KAS price momentum. Crypto enthusiast Tommy hinted at the possibility of Binance listing KAS.
Read also: Analyst insists Ripple (XRP) price will reach $200: Reveals next trigger for bullish rally
Kaspa technical analysis: support levels and breakout potential
KAS price retested and held its 50-week smooth moving average (SMMA), a key support level. Elite Analyst Jim highlights this support on the The price is currently trading near a critical resistance area between $0.20 and $0.25, and a breakout could lead to a rally towards the expected target of $0.50.
Chart analysis also shows strong support near $0.10 and buying pressure at current levels. With trading volume rising and sentiment improving, KAS is well positioned for further growth if it clears its resistance.
All of these factors – technical improvements, market speculation, and powerful charts – pushed it forward Kaspa price is higher. The cryptocurrency community is now watching KAS with keen interest to see what happens next.
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