- Kaspa's Recent Achievements
- Kaspa Price Prediction (Short-Term)
- Opportunities and Forecasts Under Various Scenarios
On September 15, 2024, Kaspa launched its KRC-20 tokens on the mainnet, introducing the functionality to create and manage tokens on the Kaspa blockchain, similar to token standards on other platforms such as Ethereum.
Kaspa's Recent Achievements
The KAS price reacted positively to this news, increasing by 20% this week. Despite resistance at $0.18, the current price is trading around $0.175. YouTuber 'Clinix Crypto' updated his short-term Kaspa price prediction in a viral video today, sharing his insights with his 70k subscribers.
Kaspa Price Prediction (Short-Term)
Clinix Crypto observed a trend of large buying orders, possibly from a whale or a small group of traders. While this could lead to a short-term price increase, he cautioned that it may also result in a sell-off once the traders reach their desired profit level. The current strong resistance levels are around $0.18 to $0.19. Historically, this area has acted as a significant barrier for Kaspa’s price growth. The presenter doesn’t expect Kaspa to break through these resistance levels immediately. Instead, he anticipates a pullback before any further upward movement.
Opportunities and Forecasts Under Various Scenarios
This expected pullback could take the Kaspa price down to $0.17 or $0.18, potentially offering a buying opportunity before Kaspa consolidates and pushes higher. After consolidation at the lower support levels, Kaspa could push towards $0.20 and aim for new all-time highs, although the presenter warned that it’s still early to predict this with certainty.
The launch of KRC-20 tokens on Kaspa's mainnet is a significant milestone for the blockchain and has led to a notable increase in KAS price. Despite current resistance levels, the cryptocurrency shows potential for further growth, attracting attention from both traders and investors.
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