Kaspa Surges: 28% Weekly Spike Fuels Price Prediction Frenzy

Kaspa (KAS), the privacy-focused Proof-of-Work (PoW) cryptocurrency, has taken the crypto market by storm with its recent price surge.

Written by: Arslan Butt • Wednesday, February 21, 2024 • 1 min read

• Last updated: Wednesday, February 21, 2024

Kaspa Surges: 28% Weekly Spike Fuels Price Prediction Frenzy

Kaspa (KAS), the privacy-focused Proof-of-Work (PoW) cryptocurrency, has taken the crypto market by storm with its recent price surge. Over the past week, Kaspa has jumped a staggering 28%, and its value has skyrocketed 73% in the last 23 days. But what’s driving this impressive upswing, and where is Kaspa headed?

Fueling the Rise in Kaspa (KAS) Value

Several factors are contributing to Kaspa’s momentum:

Growing Security Concerns: With ongoing hacks and exploits plaguing PoW giants like Bitcoin, Kaspa’s focus on robust security and anonymity is attracting attention.
Recent Listing on Binance: Kaspa’s listing on the world’s largest crypto exchange, Binance, in late January, significantly increased its exposure and accessibility, leading to a price bump.
Tech and Community: Kaspa boasts a strong developer team and a passionate community. Regular updates, active development roadmap, and community initiatives are building confidence in the project.
Market Sentiment: The broader crypto market has seen some positive momentum, which may be spilling over to promising projects like Kaspa.

Kaspa Price Predictions by Experts

With the recent surge, analysts and experts are revising their Kaspa price predictions:

CoinCodex: Predicts a range of $0.152-$0.214 for 2025, suggesting a potential 31.70% increase from today’s price.
Changelly: Offers a more bullish estimate, targeting $0.187 for 2024 and suggesting a high of $0.7148 by 2030.
Techopedia: Compiles predictions ranging from $0.14 to $3.00 for 2030, highlighting the diverse opinions and potential volatility.

KAS/USD Technical Analysis

Key levels to watch if you’re interested in trading Kaspa coin:

Current Price: $0.175
Resistance: $0.20, $0.25
Support: $0.15, $0.10
MACD: Bullish crossover, indicating potential for continued upward momentum.
RSI: Above 60, suggesting possible overbought territory in the short term.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.