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The Kaspa price jumped 11% in the last 24 hours to trade at $0.176 as of 03:49 a.m. EST on trading volume that skyrocketed 160% to $115 million, according to Coingecko.
This comes as Bitcoin mining heavyweight Marathon Digital (MARA) announced that it has mined $16 million worth of Kaspa (KAS) as a step towards diversifying its revenue away from Bitcoin.
Today we're announcing that we have been actively mining Kaspa.
Diversification has been key to our investments in energy solutions and tech innovations, and it remains crucial in our digital asset compute operations. Read the full press release: https://t.co/rwiXIJCx7q
— MARA (@MarathonDH) June 26, 2024
Since deploying its first batch of Kaspa miners in September 2023, the firm has mined 93 million KAS tokens, with the tokens being up 420% since then.
Kaspa Price Set To Soar To A New ATH
The Kaspa price went on a sustained downtrend from March to May, with the bulls finding support around $0.10. This support zone allowed the bulls to push the token back to the $0.18 resistance level, forming a rounding bottom pattern.
KAS price further breached the resistance zone, pushing the Kaspa price to a new all-time high (ATH) of $0.19. The price of Kaspa, however, negated the bullish sentiments, pushing the token towards the $0.13 support and back to the resistance zone, forming the handle, which completes the cup and handle pattern.
KAS still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms its bullish prospects.
Moreover, the Relative Strength Index (RSI) is soaring above the 70-overbought region, currently at 71, which shows that buyers have an upper hand and that KAS is under intense buying pressure.
Kaspa Price Prediction
The Kaspa price analysis shows a bullish bias, as the bulls aim at capitalizing on the cup and handle pattern to push KAS over to a new ATH around $0.25.
In an inverse scenario, the bears could utilize the death cross around $0.15 to exert pressure, which could in turn push the token toward the support zone around $0.13.
Meanwhile, the eTukTuk (TUK) presale is drawing much attention in the crypto community as it combines two of its hottest niches: AI and DePIN.
New P2E Game eTukTuk Races Past $3.5 Million In Presale
eTukTuk is an AI-powered sustainable transport solution that has already raised more than $3.5 million in presale.
The project has recently unveiled a new and thrilling mobile Play-to-Earn (P2E) game called Crazy TukTuk Taxi. In the game, players can navigate the lively streets of Sri Lanka, racing to pick up and drop off passengers to earn their native token $TUK.
TukTribe, are you ready to customize, race, and earn with your virtual eTuktuks in the most eco-friendly and exhilarating game ever? 🛺💚
Every race you win helps us drive sustainability, innovation, and carry us through the end of the presale and $TUK listing on a major… pic.twitter.com/kM1OVfp75i
— eTukTuk (@eTukTukio) June 4, 2024
$TUK acts as the game’s currency, which players can use to make purchases, upgrade, and access exclusive content.
Users can download the game via App Store or Google Play Store.
Apart from P2E gaming, the project aims to ensure the eco-friendly future of transportation, first in developing nations, and then worldwide. eTukTuk combines AI, crypto/blockchain, and electric vehicles to bring this goal to fruition.
At eTukTuk, we're committed to a cleaner, greener world by driving the shift towards electric mobility. 🌱🌍
Join us in making a positive impact on the environment and open the way for a #SustainableFuture! 🔋 pic.twitter.com/X0lRZikHRb
— eTukTuk (@eTukTukio) May 31, 2024
Buy And Stake $TUK For 81% Annual Rewards
Token holders can stake $TUK for an impressive annual percentage yield (APY) of 81%.
According to Jacob Bury, a prominent crypto analyst on YouTube, $TUK could potentially surge 10X after its launch.
The TUK token is selling for $0.034. With a price hike coming in about six days, don’t wait too long to secure the best deal.
Buy TUK tokens on the official website here. They are available in exchange for ETH, USDT, BNB, or with a credit or debit card.
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