Kaspa Price Surges Ahead of Mainnet Launch
The price of Kaspa has surged by 26% in the last 24 hours, reaching a value of $0.133. This increase is attributed to the anticipation of the upcoming mainnet launch and speculation about potential new listings on major cryptocurrency exchanges. As a result, Kaspa’s native cryptocurrency, KAS, is now ranked as the 28th-largest cryptocurrency by market cap, with its market cap reaching $2.81 billion.
The daily trading volume for Kaspa has also increased significantly, rising by 200% compared to previous records. The project’s price surge began on November 4, starting at $0.050 and reaching a resistance level at $0.10 by November 10. Following a minor correction to just under $0.09, the token found support at $0.080 and fluctuated between these levels until November 15.
On November 15, Kaspa initiated a new bullish wave, surpassing the resistance levels at $0.090 and $0.10. Subsequently, it encountered another significant barrier at $0.12 before reaching an all-time high of $0.139 on November 16.
Factors Driving the Surge
The surge in Kaspa’s price is attributed to two primary catalysts: the upcoming mainnet launch and expectations of new exchange listings on platforms such as Coinbase, Binance, or KuCoin. Additionally, experts believe that the project’s rise in market cap without major exchange backing indicates its increasing popularity.
While Kaspa may have encountered a significant barrier at $0.139, there is still potential for the token to break through in the near future, making it a promising alternative investment option.
Bitcoin Minetrix Presale Raises $4 Million
In addition to Kaspa’s price surge, Bitcoin Minetrix has also gained attention with its presale raising over $4 million. The project offers a cloud mining platform for Bitcoin and its native cryptocurrency priced at $0.0116 as of writing.
Bitcoin Minetrix allows users to purchase and stake tokens to receive credits for mining BTC without expensive equipment. With Bitcoin mining at an all-time high and the upcoming halving event, the platform’s popularity is not surprising.
Hot Take: Opportunities in Crypto Market
As Kaspa’s price surges ahead of its mainnet launch and Bitcoin Minetrix raises millions in presale funds, it’s clear that there are significant opportunities in the crypto market for both investors and projects alike. With new developments driving growth and interest in alternative cryptocurrencies, keeping an eye on emerging trends can lead to potential investment opportunities.
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