Kaspa Price Prediction: KAS Eyeing $0.1 Amid Blockchain Innovations?

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Kaspa (KAS) price broke out from a descending parallel channel on October 11 to make a 5% run to an intra-day high of $0.045730 on October 12. It has since corrected almost 4% to the current $0.043969 level. The price action has KAS token trapped between the confines of two moving averages, the 200-day Exponential Moving Average (EMA) to the north at $0.044908 and the 100- and 50- EMAs to the south at $0.043887 and $0.043795 levels respectively.

Does Kaspa Price Have Enough Bullish Drivers For A Move North?

First, Kaspa recently secured a new listing, going live on XTexchange. The listing sparked a surge in trading volume across exchanges as token holders anticipated more listings.

🎉NEW LISTING! #Kaspa is live on @XTexchange!

• KAS/USDT

You can trade $KAS now! https://t.co/oHshHYJlEB
#PoW #CommonCurrency pic.twitter.com/jmw0rQWY7Y

— Kaspa (@KaspaCurrency) October 6, 2023

The Kaspa network has also doubled down on development, actively increasing the number of developer contributors.

Did you know? #DYK?
Our #Kaspa developer contributors are growing each month!

Currently, we have:
• 17 developers working on the $KAS network
• 2 specializing in DevOps support
• 12 actively developing #RustyKaspa
+ #Kaspa's development community is global – #USA, #Canada,… pic.twitter.com/L3yMTtPKq0

— Kaspa (@KaspaCurrency) October 10, 2023

More on bullish fundamentals, the network recently achieved a performance milestone, merging with the rusty ecosystem. This brings a wide range of opportunities for token holders.

🎉A major #Kaspa performance milestone was met! Great work, Devs!

MERGED! – https://t.co/651nXohtRB $KAS #ProofofWork #L1 #testnet11 #Rust https://t.co/aFLzzv3pQR pic.twitter.com/DmU9063tdE

— Kaspa (@KaspaCurrency) October 6, 2023

Further, traders can now bridge their KAS tokens seamlessly from the Kaspa blockchain to Ethereum.

🙏🏼Thanks to @FinanceChainge, you can now #Bridge your $KAS tokens seamlessly from the Kaspa blockchain to Ethereum with just a couple of taps and unlock a world of new possibilities.

▶️How to Bridge Kaspa from $KAS to $ETH:https://t.co/vfka5Rm2U3 Watch the video walkthrough &… pic.twitter.com/VKmPctHi8U

— Kaspa (@KaspaCurrency) October 4, 2023

With these, the Kaspa ecosystem has expanded its network reach, a move expected to bode well for Kaspa price and KAS holders by association.

Kaspa Price Prognosis

The position of the Relative Strength Index (RSI) below 50 coupled with the Awesome Oscillator (AO) histograms’ red color and dropping towards the midline show that Kaspa price could be headed south. It sits thinly above the 50- and 100-day EMA at $0.043887 and $0.043795, respectively.

Increased seller momentum could send Kaspa’s price below the critical support at $0.043480. A break and close below this level could increase the slide for KAS token, plunging into the grasp of the descending parallel channel. In the dire case, the fall could see the token test the channel’s midline at around $0.041468.

A decisive 30-minute candlestick close below this level would invalidate the current bullish outlook, potentially sending Kaspa price to the depths below the range low at $0.040980.

Conversely, increased buying pressure above the current level could see Kaspa price extend to breach the 200-day EMA at $0.044919 or higher to shatter past the critical resistance at $0.044984. However, the price must rise above the $0.046000 psychological level for a confirmed uptrend.

Besides Kaspa, investors are also looking at TGC, touted as the world’s leading Telegram casino. They anticipate 10X growth potential in staking rewards.

Kaspa Alternative

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TGC is now playable & fully integrated into https://t.co/1CivTnIx4Z.

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Join our Telegram for more info, details in bio. pic.twitter.com/qRESdVJyBP

— TG Casino (@TGCasino_) October 11, 2023

TG.Casino has distinguished itself in the gambling niche, giving players access to leading online casino games, sports books, and more. Further, the project is set to nurture a loyalty-oriented ecosystem. Evidence of this dedication is seen in the project giving back by sharing part of the casino revenue through buybacks for the $TGC token. Play, earn, and be rewarded! With this, the project represents the next wave of Web3 GambleFi products. It has singlehandedly elevated standards beyond the ones established in the traditional gambling sector.

STAY TUNED pic.twitter.com/Jv46WHrZAH

— TG Casino (@TGCasino_) October 11, 2023

After reviewing its cutting-edge offerings, analysts say TGC is the next crypto to explode. These include its security, speed, and the fact that it leverages the expansive user base of Telegram, recording more than 700 million users.

The project has entered the space, capitalizing on the growing popularity of crypto and telegram casinos as players enjoy their gameplay. It also leverages the niche’s potential to multiply a player’s crypto profits.

You know the bonus is dying to drop! pic.twitter.com/h2oGTHK46i

— TG Casino (@TGCasino_) October 10, 2023

The project has also provided users with instant deposits and withdrawals. There are no know-your-customer (KYC) requirements necessary, with enhanced transparency as the mimics the kind of success seen in the likes of fellow Telegram-powered Web3 platform Unibot. Join the TGC community in the presale stage.

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