Kaspa

<a href="https://ultramining.com/news/en/vipera-tech-launches-profitable-new-kaspa-miners-ks3-ks3l-3000-daily-earning-potential-revolutionizes-crypto-mining/" rel="noopener noreferrer nofollow">Kaspa</a> (<a href="https://ultramining.com/news/en/vipera-tech-launches-profitable-new-kaspa-miners-ks3-ks3l-3000-daily-earning-potential-revolutionizes-crypto-mining/" rel="noopener noreferrer nofollow">KAS</a>), a rising star in the crypto world, is drawing attention for its skyrocketing network <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a>, nearing 20 petahash per second (PH/s). The strong <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> signals a secure and robust network, attracting significant interest from miners. Experts are in agreement: KAS is now one of the most lucrative coins to mine. The current boom is attributed to favorable block rewards and the coin's appreciating value. 
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 <img src="https://lh4.googleusercontent.com/yADB3vQJ63-_96h7OiIqA4l8sNEjovfDTXxIv0YU-AXZIZBqZabjUtgBETpvntRa8dDwJJi7SOnOXjwzJCOiKIXs-o-wmjDhtfihKPQamKmWnprjjsTTOWdrb-t1v8rmZknWzrRHo4Zq-RSWV3kwrhI" alt=""> 
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Interestingly, <a href="https://ultramining.com/news/en/vipera-tech-launches-profitable-new-kaspa-miners-ks3-ks3l-3000-daily-earning-potential-revolutionizes-crypto-mining/" rel="noopener noreferrer nofollow">KAS</a> has an upcoming mining reward reduction event, slated for just one week from now. Much like Bitcoin's "<a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>" events, this monthly reduction aims to decrease the coin's emission rate. This move is expected to induce a scarcity of supply, potentially hiking the coin's price even further, according to <a href="https://captainaltcoin.com/kaspa-hashrate-is-skyrocketing-when-will-the-price-follow/#google_vignette" rel="noopener noreferrer nofollow">captainaltcoin</a>. 
Yet, over 70% of <a href="https://ultramining.com/news/en/vipera-tech-launches-profitable-new-kaspa-miners-ks3-ks3l-3000-daily-earning-potential-revolutionizes-crypto-mining/" rel="noopener noreferrer nofollow">KAS</a> coins are already in circulation. This high circulation implies that most of the coin's inflation is already accounted for, making it a bullish indicator for increased demand and possibly higher prices. However, there's a downside. Recent market movements indicate KAS is showing signs of weakness. After surpassing its December 2022 all-time high (ATH) of $0.035, the coin failed to maintain this level as support. Now, KAS seems stuck in its previous trading range between $0.015 and $0.035, effectively losing its upward momentum. 
Technical analysis also suggests caution. In past scenarios, when <a href="https://ultramining.com/news/en/vipera-tech-launches-profitable-new-kaspa-miners-ks3-ks3l-3000-daily-earning-potential-revolutionizes-crypto-mining/" rel="noopener noreferrer nofollow">KAS</a>'s price broke previous ATHs, it typically converted these levels into new support. But this time, <a href="https://ultramining.com/news/en/vipera-tech-launches-profitable-new-kaspa-miners-ks3-ks3l-3000-daily-earning-potential-revolutionizes-crypto-mining/" rel="noopener noreferrer nofollow">KAS</a> has failed to find support around its ATH, indicating a potential downside risk. The coin is expected to find temporary support around $0.026 but may need renewed strength to prevent further decline. 
As the clock ticks toward the mining reward reduction event and <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> continues to soar, both investors and miners have a compelling case to keep an eye on KAS. While strong fundamentals like a soaring <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> and upcoming reward reduction present a bullish outlook, the technical analysis raises questions about the coin's near-term price stability. 
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Kaspa Hashrate Soars, But Will Prices Keep Pace?

Ultramining_Eng

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