Recent analysis of Kaspa's price by Finance Freeman sheds light on potential factors that may influence cryptocurrency growth in the upcoming weeks.
Why Interest Rate Cuts Could Send Kaspa Price Higher
Finance Freeman claims that expected changes in US monetary policy could positively affect Kaspa's price. He believes that the Federal Reserve may begin cutting interest rates at the next meeting, which would strengthen Kaspa's position in the market.
The end of conflicts in the Middle East also removes uncertainty from global markets. Freeman thinks that with lower rates, assets like Kaspa could see significant price increases. In his opinion, buying Kaspa below $0.07 could be a very sound investment.
Kaspa Network Growth and Price Signals
Freeman highlights recent trends in Kaspa's charts. The cryptocurrency recently touched the 0.786 Fibonacci retracement level, which he calls a "perfect tag." He points out that technical analysis continues to be validated in the Kaspa markets.
Currently, the market cap of Kaspa is around $2 billion, with daily trading volume close to $100 million. There is also significant growth in transactions on the network: the volume has increased from 150,000 to nearly 400,000 per day.
Whale Activity and Rising Institutional Interest in KAS
Freeman mentions potential institutional interest in Kaspa. He notes that one major wallet recently purchased another $21 million worth of KAS tokens. This activity could indicate that major exchanges are preparing for future growth in Kaspa.
Additionally, Freeman discusses positive token distribution: the top 10 wallets hold only 17%, while the top 1,000 hold around 50% of the total supply, which may have a positive impact on the long-term growth of Kaspa.
Finance Freeman concludes by emphasizing the important role of the Kaspa community in the current situation. They remain optimistic despite weak price trends and expect that investors' patience will be rewarded in the future.
