The previous day Kas jumped about 28% in the last day, as he has been stuck since last December.
KASPA (KAS) reached a high level of $ 0.074, which brings its market cap close to $ 2 billion before today, its daily trading volume press time to about $ 188 million as time.
In particular, today’s advantage comes after a prolonged decrease, the case killed low height and lower climb since colliding $ 0.188 on 9 December last year. Altcoin is still below its all -time high to 68%, around the previous levels in the beginning of around November 2023.
The main catalyst gives fuel to today’s benefit, crypto data aggregator comes in the form of coinmarketcap couple Yesterday in the “Made in America” category.
Even though Kaspa is decentralized and there are developers from all over the world, the CMC listing has attracted investors’ attention, as some members of the Crypto community estimate that the current US administration led by President Donald Trump can eliminate capital gains taxes on US-based cryptocurrency projects.
Another major factor behind the recent advantage of KASPA is the promising results of its Crescendo upgrade, which are currently in the testnet stage.
According to an official on 10 March PostKaspa’s Testnet 10 successfully infection in 10 BPS, a significant increase from the current 1 BPS on the mennet. The milestone keeps Kaspa on the track to achieve its scalability goals.
Additionally, members of the KASPA community have highlighted its low transaction fee, allowing millions of transfer between wallets at minimum cost. Its sharp and cost -effective transactions can cause more interest in KAS and affect its recent price movement.
According to the figures of the Sentament, the rally also coincides with a change in the social sentiment around the kas, which means that most of the discussions around Kas are rapid.
Caste value analysis
Technical indicators suggest a recession approach to KAS. Its relative power index is below 50, while the moving average convergence/deviation (MACD) is less than 0.
In addition, the superstrand indicator has also turned red and is located above the price level, confirming that its market is still facing pressure from the bear.
Therefore, if the current recession conditions persist, the price of the kas may probably return from $ 0.048 to $ 0.057 to the support limit, which has served as a major support level.
However, a strong break above the descending resistance trendline, which is since December 9, can mark a rapid reversal, reckoning the current recession setup.
At the time of press, KAS was selling per coin at $ 0.067.
Disclosure: This article does not represent investment advice. The materials and materials painted on this page are only for educational purposes.
