The Tortoise of Cryptos Kaspa Coin Just Keeps On Growing, Steady Gains Over Pump and Dump?

Updated: 14 July 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Kaspa Coin is on the rise today. The coin had recorded a significant price growth on CoinMarketCap in the last 7 days with a market capitalization of $570 million.

Moreover, at 16:57 EST, it has increased by 7.95% in the last 24 hours, with the market price at $0.02882 at 3pm UTC. According to significant indicators on the prominent crypto analytics platform Tradingview, the Kaspa is set for more steady gains thanks to the solid bullish short and long-term signals.

Kaspa is Project Steady Gains Over Rug Pull

The chart above shows the asset’s price in a short and long-term bullish momentum. KAS is trading above its 50-Day and 200-Day Simple Moving Average (SMA), showing the coin’s bullish trend.

Also, its Moving Average Convergence/Divergence (MACD) is above the signal line, followed by a bold green histogram bar. This implies that KAS has strong bullish momentum and will likely face several rallies before the day ends.

According to the chart above, a growing green candlestick is forming, indicating a prevalent increase in buying pressure. Also, KAS’s Relative Strength Index (RSI) is at 66.02, moving to the overbought region (above 70).

Considering these bullish signals on the indicators, Kaspa (KAS) is poised to surge in the coming days to weeks, recording new price levels in the long run.

Kaspa’s Support and Resistance Levels

As seen in the chart, the market condition shows steady growth in KAS’s market in the last 4 days and indicates the activeness of the bulls. If the bulls maintain this increasing buying pressure throughout today, the price of Kaspa (KAS) could reach the $0.03 price level.

This could strengthen the already-positive market sentiment, causing KAS to be bought more and potentially drive the coin’s market price to its $0.0316 resistance level.

While the bulls are so much control, potential bearish movements could make KAS’s price fluctuate or retrace, considering its support levels seated as far as $0.017059.

What Could Push Kaspa Higher?

Ripple Labs has won the case against the US Securities and Exchange Commission, confirming that its crypto, XRP, is not a security and did not violate federal securities law.

The ruling in favor of Ripple Labs could clarify the legal status of other cryptocurrencies and potentially bolster the crypto industry.

Interestingly, several altcoins are already making dramatic improvements, which could be attributed to the reduced fear caused by the SEC in the crypto markets. Kaspa’s trading volume in the last 24 hours has increased by 34.8%, recording over $20 million as of 17:58 EST.

This increase in trading volume indicates increased demand for the crypto asset. This increased demand can push the crypto asset’s price upward as buyers are willing to pay higher prices to secure their desired amount.

Also, the increased volume is accompanied by an upward price movement, as seen in the chart above. This can signal a breakout from the previous resistance level, attracting more buyers and potentially driving the price of KAS higher.

Meanwhile, for those searching for alternatives with high short-term potential, Thug Life may be a considerable investment option.

Thug Life Might Be Next Crypto Treasure

The Thug Life project aims to bring a rebellious and empowering spirit to the world of digital assets.

After the famous phrase “Thug Life,” from hip-hop culture, this crypto project seeks to create a community that embraces resilience, self-expression, and independence.

https://twitter.com/thug_life_token/status/1679540117478727698

Interestingly, the Thug Life project is powered by a utility token ($THUG) that grants the community access to engaging activities and serves as the primary currency for transactions within the platform.

Thug Life Features

Thug Life ($THUG) is taking the crypto space by storm with its community-focused approach, street culture representation, social media presence, and lots more.

Community-driven

Thug Life aims to create a community for traders and investors who have lost to several cryptos and those interested in meme coins.

Street culture representation

The coin is designed to capture the essence of street culture, representing a sense of strength and hustle. According to the project’s whitepaper, “$THUG is not just a coin, but a movement driven by brotherhood, humor, and the struggle of hustling in the crypto market.”

Celebrating successes and commiserating

Thug Life aims to unite people who are interested in cryptocurrency trading so that they can celebrate their successes and commiserate over challenges.

$THUG Presale

The Thug Life presale is ongoing and has raised over $1.5 million out of the $2 million presale benchmark. Today, July 14, 2023, the $THUG token is selling at $0.0007 and will hit several exchanges at this same price in the next few days.

Note that the total token supply for Thug Life is 4.2 billion $THUG, and in the ongoing presale, 70% will be sold. So, buy $THUG now with ETH or USDT to join the movement to financial freedom!

How to Buy Thug Life

Navigate to the presale widget and select the “Buy Now” option.
Connect your crypto wallet by selecting the “Wallet Connect” option.
Once thriving, select the amount of ETH or USDT (based on your available crypto balance) you want to exchange for $THUG.
Once the payment is successful, revisit the website at the end of the presale to claim your token.
Reconnect your crypto wallet and select “Claim Token” to claim your $THUG tokens.