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Kaspa and Tron: Current Risks and Forecasts for 2023

Kaspa and Tron: Current Risks and Forecasts for 2023

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by Giorgi Kostiuk

a day ago


Cryptocurrency markets continue to show instability. The focus is on Tron, Kaspa, and the new platform Web3 AI, which is attracting investor interest.

Current Situation with Tron (TRX)

Tron has reached a milestone in USDT transactions, exceeding $600 billion. This allows Tron to surpass Ethereum in stablecoin transaction volume since early 2022. The network's popularity among investors is driven by low fees and fast transactions, although market indicators show a slowdown in activity. The current price of TRX fluctuates around $0.27.

Kaspa (KAS) at the Risk of Liquidation

Kaspa is at a critical level, with a large number of long positions clustered around the $0.099 - $0.103 range. A drop below $0.10 could lead to the liquidation of these positions and further decline towards $0.095. Analysts note that if bulls regain strength, there will be less resistance on the way up.

Web3 AI: New Horizons and Investment Attraction

Web3 AI, trading at $0.000402 in Stage 7, has already raised over $6.4 million. The price is expected to increase to $4 in the future. The platform offers a suite of DeFi tools aimed at addressing user issues. The market is beginning to take notice of the real products that Web3 AI offers, which in turn attracts larger investors.

Current events in cryptocurrency markets showcase a variety of opportunities and risks. Tron demonstrates strong volume growth, Kaspa faces potential liquidation, and Web3 AI offers real user tools, promising interesting prospects.

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