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In a recent YouTube presentation, Crypto Jon emphasizes Kaspa’s upward momentum, highlighting its consolidation around the 14-cent historical peak. Encouraging signs include robust trade volume and market resilience. James, a participant of the presentation, envisions a bullish trend in Q3 2024, aligning with historical crypto patterns post-Bitcoin halving. Drawing parallels between Kaspa and Bitcoin, it is likened to “Digital Silver,” emerging as a prospective cryptocurrency.
$KAS all time high within 24 hours I reckon pic.twitter.com/xXner9T0pZ
— Mr. Kaspa (@KaspaGuru) December 4, 2023
The speaker underscores decentralization through the distribution of circulating supply, distinguishing Kaspa from its peers. Despite lacking top-tier exchange listings, optimism prevails, anticipating increased visibility with future listings. Acknowledging skepticism, the presenter considers it constructive, presenting a compelling scenario for Kaspa’s potential surge of over 600% to a $1 valuation in 2024, contingent on effective risk management and disregarding naysayers.
Key Kaspa Levels To Watch – December 4
The breakout from the $0.04280 resistance in August 2023 led to a consolidation phase. KASUSD consolidated within a triangle pattern for over two months before the complete shakeout of the bears.
A fractal move emerged as the consolidation phase ended. This was characterized by increased momentum as the price moved rapidly upward. The market is currently in a correction phase, and KASUSD is likely to enter the discount zone before the bullish trend resumes.
KAS/USD Key Levels
Resistance Levels: $0.142700, $0.155000, $0.193500
Support Levels: $0.099300, $0.042800, $0.012000
Kaspa Metrics
Total Market Capitalization: $1.54T
Kaspa Market Capitalization: $3.2B
Kaspa Volume: $54M
Market Rank: #26
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