ββ#KnowYourToken - Kaspa π’
Current Price: $0.175
Market Cap: $4.23 billion
1W Trading Volume: $485 million
Percentage change in Price (1W): +19.5%
Any News Around the Token:
KAS, the proof-of-work native crypto of the Kaspa blockchain, has seen a remarkable surge of over 10% in the last 24 hours following news that Marathon Digital, a prominent Bitcoin mining company, has initiated mining operations for this altcoin and has mined $15 million worth of KASPA. As of the latest updates, the Kaspa (KAS) price is holding steady at $0.1792, accompanied by a market capitalization of $4.3 billion, securing its position within the top 25 cryptos by market cap. Simultaneously, the daily trading volume for Kaspa has soared by an impressive 132%, now totaling $141 million. With KAS trading near its historical highs, it appears poised for further potential gains and exploration into new price territories.
Analysis:
Kaspa has diverged from the broader market trend, driven by Marathon Digital's announcement of mining $15 million worth of KASPA. June has seen strong price gains, nearing its all-time high of $0.19 amidst volatility. Trading above the bullish golden crossover of the 50-day and 200-day EMAs, Kaspa shows optimism with an ascending triangle pattern, indicating the potential for a breakout above $0.185 to $0.19. A breach before June's end could lead to an even stronger July. Support is anticipated near the $0.15 level, aligned with the 50-day EMA and R1 Fibonacci pivot, reinforcing Kaspa's resilience amid market fluctuations.
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