Kaspa Coin Plunges 9%: Is the Bull Run Over?

Kaspa Coin (KAS): Is the Bull Run Over?

Kaspa coin (KAS) has seen a 9% drop in price after experiencing a nearly 50% increase in the past month. Is this the end of its bull run?

Main Breakdown:

KAS’s Moving Average Convergence Divergence (MACD) indicator suggests a fading bullish momentum.
A red candlestick formation indicates increased selling pressure.
KAS’s Relative Strength Index (RSI) is moving away from the overbought zone.
KAS is trading above its 50-Day and 200-Day Simple Moving Average (SMA), signaling a long-term bullish trend.
The asset faces resistance at $0.031659 and support at $0.017059.

Kaspa’s Future and Factors:

A new feature called 10BPS has been launched on the KAS testnet, aiming to achieve high transaction speeds and compete with other layer 1 protocols. This upgrade could attract more investors and increase demand for KAS.

Chimpzee: The Next 100x Coin?

Chimpzee is a project focused on fighting climate change and protecting animals. It offers a community-driven platform where users can earn crypto for positive environmental actions.

Main Features of Chimpzee:

Shop2Earn Ecosystem: Users can purchase Chimpzee gear and earn $CHMPZ coins.
Trade-to-Earn Ecosystem: Trading fees are distributed to individuals actively trading or holding Chimpzee NFT passports.
Play-to-Earn Ecosystem: Users can participate in a game and earn CHMPZ coins by protecting animals and their habitats.

Chimpzee Token Sale:

The Chimpzee token presale is ongoing, with over $874K raised so far. The token will list at $0.00185 at the end of the presale.

How to Purchase Chimpzee:

Sign in to your crypto wallet (MetaMask or Trust Wallet) and fund it with USDT or ETH.
Ensure your wallet supports ERC-20 tokens.
Connect your wallet to the presale widget and swap your USDT or ETH for $CHMPZ.
Claim your purchased tokens after the presale.

Hot Take:

Kaspa coin’s bull run may be losing steam, but its long-term bullish trend and new features on the Kaspa blockchain could drive future growth. Chimpzee, on the other hand, presents an opportunity for investors interested in environmental causes and offers unique earning mechanisms through its ecosystem.