Kaspa

Status

<ul> 
 <li>Kaspa (KAS) recorded a new all-time high of $0.04844.&nbsp;</li> 
 <li>KAS solidified its position as one of the top-performing coins in July.</li> 
 <li>Technical analysis suggests that Kaspa (KAS) is in a bullish state.</li> 
</ul> 
Kaspa (KAS) <a href="https://thenewscrypto.com/india-presidency-note-propels-cryptocurrency-regulation-discussions/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> has caught the attention of the crypto community with its significant performance, even in the midst of a bear market. Today, Kaspa (KAS) reached a new all-time high of $0.04844, solidifying its position as one of the best-performing coins in the month of August. 
In addition, Kaspa (KAS) maintains a consecutive four-day uptrend and has defied market odds. At the time of writing, Kaspa (KAS) trading price was $0.04646, showing a 9% increase over the past 24 hours. Also, the cryptocurrency has soared by 93% in the trailing 30-day period, leaving investors and enthusiasts intrigued by its bullish run. 
However, Kaspa (KAS) declines by 5% from its new all-time high. Still, the cryptocurrency continues to be an enigmatic presence in the <a href="https://thenewscrypto.com/united-kingdom-officially-embraces-cryptocurrency-as-a-regulated-financial-activity/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> and has earned a spot on the list of top gainers. Its steady rise and strong momentum have garnered widespread attention among traders and investors alike. 
<h2 class="wp-block-heading" id="h-kaspa-kas-market-status">Kaspa (KAS) Market Status</h2> 
The current price of Kaspa (KAS) indicates positive momentum as it surpasses the 50-day moving average (MA) cross. A sign of a potential upward trend in the market. Further, the Relative strength index (RSI) stands in an overbought state, suggesting that bulls currently have a slight edge in the market. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
 <img decoding="async" width="1024" height="525" src="https://thenewscrypto.com/wp-content/uploads/2023/08/Kaspa-KAS-1024x525.png" alt="" class="wp-image-80083" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/Kaspa-KAS-1024x525.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/08/Kaspa-KAS-300x154.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/Kaspa-KAS-768x393.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/08/Kaspa-KAS-150x77.png 150w, https://thenewscrypto.com/wp-content/uploads/2023/08/Kaspa-KAS.png 1298w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption">
 Kaspa (KAS) Price Chart (Source: <a href="https://www.tradingview.com/symbols/KASUSDT/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>) 
 </figcaption> 
 </figure> 
</div> 
On the other hand, the 50-day moving average crossing above the 200-day moving average presents a buy signal, which could attract further interest from investors. In summary, Kaspa (KAS) is showing signs of continuing bullish sentiment in the market. 
In a bid to further solidify its position in the market, KAS recently initiated a crowdfunding campaign. Aimed at securing a Tier-1 Exchange listing for the KAS token. The campaign closed on August 2, 2023 and had a target of raising $30,000 through contributions in USDT and KAS. 
The funds raised from this successful crowdfund will be used to cover the listing fees that the <a href="https://thenewscrypto.com/ether-reserves-on-centralized-exchanges-reach-five-year-low/" target="_blank" rel="noopener noreferrer nofollow">centralized exchange</a> (CEX) may impose for listing the KAS token. Additionally, the allocated funds will be used at the discretion of the CEX. To conduct a comprehensive and strategic advertising campaign to promote the token. 
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Kaspa (KAS) Sets New All-Time High Despite Market Downturn

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