Kaspa

Cryptocurrency

Show

TRON

Chainlink

<p>Key Support Level for Potential Breakout <a href="https://twitter.com/1Omeich/status/1737738029589012758?t=tT6Y9xUtL_mVWbRuPW20fA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Cryptocurrency analyst Omeich XII</a> recently posted a chart for KAS, the native token of blockchain project Kaspa, noting a key support level at $0.12. According to Omeich, if KAS can break the current downtrend and overcome the resistance at $0.12, the price could surge upwards by 100% to $0.22. This call comes during a period of consolidation for KAS after impressive gains for most of 2023.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="297" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-1024x297.png" alt="" class="wp-image-403826" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-1024x297.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-300x87.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-766x222.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-1536x445.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-2048x594.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-517x150.png 517w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-100x29.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-1207x350.png 1207w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569-788x228.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-569.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Strong Community Engagement </strong><br>Further evidence that Kaspa maintains strong fundamentals comes from <a href="https://twitter.com/KaspaArmy/status/1737358436546052388?t=K3ZOeiMaYx5OjNi_ygux-w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Kaspa Army, a community supporter</a>. They highlighted a recent post from lead Kaspa developer Michael Sutton that garnered 222,000 impressions in one day. The post covered details on the upcoming switch to 10 billion transactions per second (TPS), showing significant interest around Kaspa development despite recent sideways price action.</p>
<p><strong>Upcoming Performance Improvements </strong><br>The move to 10 TPS cannot come soon enough, as noted by another post from Kaspa Insider. They explained that while Kaspa currently processes 1 TPS, the planned network upgrades will enable much faster speeds and functionality sooner than expected.</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">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <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">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</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>
<p>This renewed focus on major development milestones aligns with analyst Omeich’s bullish outlook. As Kaspa delivers on its roadmap and awareness spreads, the likelihood of a major price breakout only increases.</p>
<p>Quoting Omeich: <em>“When $KAS Breaks This DownTrend we are Going Directly to 0.22$”</em></p>
<p>With strong community loyalty, consistent developer updates, and ambitious plans for network scaling, Kaspa shows promising signs amidst its price consolidation. As analysts like Omeich watch closely for a bounce off the crucial $0.12 support, a surge back towards $0.22 does not seem unrealistic. For those keeping tabs on Kaspa as a emerging blockchain project, its present dormancy could provide an opportune moment to buy ahead of the next major advance.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/whales-are-accumulating-chainlink-link-and-this-major-altcoin-report/" target="_blank" rel="noopener noreferrer nofollow">Whales Are Accumulating Chainlink (LINK) and This Major Altcoin: Report</a></li>
 <li><a href="https://captainaltcoin.com/ethereum-set-to-reach-10000-soon-expert-explains-why-eth-is-programmed-to-hit-that-price/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Set to Reach $10,000 Soon, Expert Explains Why ETH Is Programmed To Hit That Price</a></li>
 <li><a href="https://captainaltcoin.com/the-investment-turnaround-why-tron-and-dogecoin-investors-are-flocking-to-this-new-cryptocurrency-with-150-roi/" target="_blank" rel="noopener noreferrer nofollow">The Investment Turnaround: Why TRON and Dogecoin Investors Are Flocking to This New Cryptocurrency with 150% ROI?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/kaspa-fundamentals-remain-positive-despite-challenging-price-action-kas-bullish-surge-poised-to-continue-following-this-breakout/" rel="noopener noreferrer nofollow">Kaspa Fundamentals Remain Positive Despite Challenging Price Action; KAS Bullish Surge Poised to Continue Following This Breakout</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Fundamentals Remain Positive Despite Challenging Price Action; KAS Bullish Surge Poised to Continue Following This Breakout

Table of Contents

CaptainAltcoin

Other articles published on Dec 21, 2023

Argentina will accept Bitcoin for contractual agreements, new minister says

Anticipation for U.S. SEC’s Approval of Bitcoin ETFs in 2024

Terraform Labs and SEC agree on confidentiality terms as trial approaches

Central Bank of Turkey Raises Interest Rates to 42.5%

Can WilmerHale Find Redemption in OpenAI’s Murky Waters

Klaytn Network: KLAY Coin Receives Pressure From the EMAs

Join our free newsletter for daily crypto updates!