Kaspa Coin Smashes 2023 High as KAS Hits $0.039. What Next for Top Crypto Gainer?

Updated: 24 July 2023

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Kaspa (KAS) has been making waves in the altcoin market lately, with its impressive surge that pushed it to a new high in 2023.

According to CoinMarketCap data, Kaspa’s price today is $0.038654, with a 24-hour trading volume of over $29m. Kaspa is up 0.05% in the last 24 hours,

Kaspa’s Price Past and Present Price Trends

Kaspa (KAS) is one of the best-performing altcoins in the crypto market today, with over 15% seven-day price increase and 43% 30-day gain.

The past week’s rally saw its price climb to $0.04, the highest value since April 2, 2023. KAS’s price witnessed a sharp spike to $0.4087 on July 23, a nearly 21% increase from the week-low price on July 18.

However, despite its prominent price moves, the Kaspa coin has receded alongside other tokens as massive losses spread across the crypto market. KAS trades price at 11:00 pm EST, is $0.0378 representing a 3% decline in the last 24 hours.

But Kaspa is still over 22,000% higher than its all-time low, recorded on June 1, 2022. Technical indicators on Kaspa

Following the chart above, kaspa trades above the 50-Day and 200-day SM, indicating bullish momentum. Price bounced off the 50-Day SMA denoting strong support at that zone.

Also, the Moving Average Convergence/Divergence (MACD) is above the signal line, with green histogram bars above the zero line, depicting a bullish market position. It also signifies a potential upward momentum.

Additionally, the relative strength index at 69 confirms the buying pressure is higher than the selling pressure. Following this analysis, Kaspa may likely see more upward momentum in the coming days.

Factors Influencing Kaspa’s Price Action

Kaspa developers recently launched a new crowdfunding initiative focused on developing a Kaspa-dedicated extension wallet similar to the popular MetaMask wallet for Ethereum.

The Kaspa community has given this project a thumbs-up, and the fundraising is underway. The community touts the new wallet, alongside the soon-to-launch Kaspa smart contracts, a game-changer that would scale Kaspa transactions.

This development could lead to a price increase as more web3 users adopt the new wallet.

Mr. Hankey ($HANKEY): The next Moonshot?

While Kaspa enriched early investors, its recent price movement underscores increased uncertainty for massive returns and price volatility increases. However, investors might want to consider emerging low-cap coins like Mr. Hankey, whose short-term upside potential appears clearer.

Mr. Hankey is one of the most intriguing meme tokens inspired by South Park’s Tv Show Mr. Hankey. Mr. Hankey has embraced its reality by featuring a turd as its mascot and incorporating numerous poop-themed comedies.

According to the project’s site, “Mr. Hanky is what happens when we stop pretending to be the next Bitcoin and embrace our turd.” “We’ve ditched the glam, dumped the glitter, and plunged headfirst into the loo of reality,” the project team added.

Hosted on the Ethereum blockchain, the $HANKY token has a total supply of 1 billion units.

Mr. Hankey Features

Unique concept

This turd-themed token offers lighthearted, poop-themed comedy and aims to give “dirty money” a new meaning.

Team Commitment

The project’s team’s commitment to delivering a token trading environment with streamlined market liquidity will attract potential buyers. With this, Mr. Hankey Coin will soon debut on decentralized exchanges (DEXs) with more than adequate liquidity to fill all market orders.

DEX Liquidity Lock

Mr. Hankey’s team has pledged to dedicate 40% of its 1 billion token supply (400 million) to decentralized exchange (DEX) liquidity and lock it to avoid rug pull. Notably, the lack of liquidity often causes meme coins to have issues of incompetent trading and huge losses because of cost slippage.

$HANKEY Presale Activities

$HANKEY presale sold out within a few hours.

The coin’s hard cap stayed at $500,000 as the token presale kicked off on July 13, consisting of a 40% of 1 billion total supply. Mr. Hankey’s token (HANKEY) is available for trade in some exchanges.

However, HANKEY dropped 12.7% in the last 24 hours at 9:00 EST. It has a 24-hour trading of over $16k, with a 42% increase in its volume.

How to purchase Mr. Hankey?

Mr. Hankey token (HANKEY) is live on Uniswap V2 (Ethereum)

These are the steps to trade Mr. Hankey (HANKEY) on Uniswap:

Visit the Uniswap website with your wallet connected.
After connecting, import HANKEY by inputting the token address (0x0383e1c4af6fed9f127e901ca982fa61333e932c)
input the quantity of coin you wish to exchange for HANKEY
Click on swap and confirm the transaction makes sure you have enough ETH to cover the network fee.