Kaspa

Rally

Bull Market

Bitcoin

Monster

<p>In a recent <a href="https://twitter.com/Cryptographur/status/1700516147802587520?t=OJfXeVWn-kpkQo5aSk4_-g&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Twitter thread</a>, Jim, S𐤊i ₿um, a crypto analyst, drew some compelling comparisons between the early days of Bitcoin (#BTC) and the current trajectory of Kaspa ($KAS). The analysis delves into both the technical and fundamental aspects of these cryptocurrencies, offering a nuanced look at their potential futures.</p> 
<h2 class="wp-block-heading" id="technical-similarities-ascending-channels-and-bull-market-support-bands">Technical Similarities: Ascending Channels and Bull Market Support Bands</h2> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" src="https://pbs.twimg.com/media/F5ltOBNWUAAVBc0?format=jpg&amp;name=4096x4096" alt=""> 
</figure> 
<p>According to Jim, S𐤊i ₿um, both Bitcoin and Kaspa have shown similar patterns of staying above their respective 20/21 week SMA/EMA, commonly known as the bull market support band. For Bitcoin, this pattern was observed in 2010 and 2011, and it ultimately led to a breakout and a staggering 50x rally off the last touch of the bottom of the ascending channel. Kaspa is currently exhibiting a similar pattern, bouncing off the bull market support band and continuing to trend upward.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<h2 class="wp-block-heading" id="fundamental-parallels-fair-launch-and-scalability">Fundamental Parallels: Fair Launch and Scalability</h2> 
<p>The similarities between Bitcoin and Kaspa don’t end with their technical aspects. Jim, S𐤊i ₿um, also pointed out that both cryptocurrencies had a fair launch, starting at a $0 market cap with no pre-mining or ICOs involved. Kaspa has already put 70% of its coins into circulation due to its fast emission schedule, which includes monthly mining reward reductions. This is in contrast to Bitcoin’s 4-year mining reward reductions.</p> 
<h2 class="wp-block-heading" id="kaspa-s-groundbreaking-technology">Kaspa’s Groundbreaking Technology</h2> 
<p>Kaspa is also the first proof-of-work (PoW) cryptocurrency to scale securely, processing one block per second and soon increasing to ten blocks per second, while maintaining robust security measures. According to Jim, S𐤊i ₿um, this is truly groundbreaking technology that fulfills Satoshi Nakamoto’s original vision of peer-to-peer electronic cash at the base layer.</p> 
<h2 class="wp-block-heading" id="conclusion-the-future-of-kaspa">Conclusion: The Future of Kaspa</h2> 
<p>Jim, S𐤊i ₿um, concluded by stating that if any cryptocurrency has the fundamentals to rival Bitcoin, it’s Kaspa. With its fair launch and ground-up growth approach, Kaspa seems poised for significant future developments. While the past performance of Bitcoin does not guarantee the same outcome for Kaspa, the similarities in both technical and fundamental aspects make this an intriguing comparison that could have implications for Kaspa’s future trajectory.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></strong> and <strong><a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/kaspas-kas-ascending-channel-mimics-early-bitcoin-does-this-mean-a-repeat-of-btcs-monster-rally-is-coming/">Kaspa’s (KAS) Ascending Channel Mimics Early Bitcoin – Does This Mean a Repeat of BTC’s Monster Rally is Coming?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Kaspa’s (KAS) Ascending Channel Mimics Early Bitcoin – Does This Mean a Repeat of BTC’s Monster Rally is Coming?

Table of Contents

CaptainAltcoin

Other articles published on Sep 10, 2023

Insolvent FTX Eyes Funds Recovery Paid to Athletes and Leagues

Vitalik Buterin X account hacked as crypto scam posts increase

Microstrategy Stock: Will MSTR Stock Regain the $400 Mark in Sep?

Will Verge’s Impending Mining Cap Make XVG an Investor’s Dream? Scarcity and Momentum Align

Harry Potter actors, Ripple exec feud over home renovation plans

Framework And Use Cases Of AI Integration In DApp

Join our free newsletter for daily crypto updates!