{"id":417495,"date":"2023-07-11T10:18:10","date_gmt":"2023-07-11T10:18:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=417495"},"modified":"2023-07-11T10:18:10","modified_gmt":"2023-07-11T10:18:10","slug":"kaspa-would-have-earned-you-380-this-year-can-this-top-crypto-gainer-go-the-distance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/kaspa-would-have-earned-you-380-this-year-can-this-top-crypto-gainer-go-the-distance","title":{"rendered":"Kaspa Would Have Earned You 380% This Year – Can This Top Crypto Gainer Go The Distance?"},"content":{"rendered":"

Kaspa (KAS) has gained the attention of many investors since the beginning of 2023 due to its strong performance. <\/span><\/p>\n

Starting at $0.005 on January 1, its value has already surged to its ATH, marking a remarkable 760% increase and 380% to its <\/span>current price of $0.024<\/span><\/a> at the time of writing.<\/span><\/p>\n

\"KASPA
KAS Price. Source. CoinGeko.com<\/figcaption><\/figure>\n

KAS Breaks Above Descending Channel<\/span><\/h2>\n
\"KASUSD
KASUSD Price Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

After gaining over 600% since January, Kaspa hit a resistance level of $0.042, which turned it into a downturn. <\/span><\/p>\n

Since hitting its ATH, Kaspa’s price has declined, trading within the descending triangle. This is evidenced in the chart as KAS has created a series of lower lows and lower highs in the channel.<\/span><\/p>\n

However, the second lower low gave access to the bulls driving the price above the channel’s upper trendline. <\/span><\/p>\n

Furthermore, the higher low at $0.0203 completes the cup and handle pattern. <\/span><\/p>\n

The pattern indicates a bullish move to its initial ATH of $0.042 from the handle. Consequently, the height measured from the handle to $0.042 ATH is the same depth measure of the cup.<\/span><\/p>\n

KAS Might Rebound to ATH, Indicators Suggest Bullish Move In Price<\/span><\/h2>\n
\"KASUSD
KASUSD Indicator Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

KAS price might rebound to its ATH as it trades above the 50-day and 200-day moving averages. This shows that the bulls have taken control of the market, driving the prices further upward. <\/span><\/p>\n

Additionally, KAS shows a rebound on the 50-day moving average, which acts as support for the price. <\/span><\/p>\n

Furthermore, the price shows a general trend change after rebounding on the 200-day moving average. The rebound on the 50-day moving average also completes the last shoulder of a possible inverted quasimodo pattern, indicating a surge in price.<\/span><\/p>\n

The Relative Strength Index is trading above its neutral level of 50, showing a rebound that could push the price up to and above the 70 mark.<\/span><\/p>\n

With the growth experienced by Kaspa, experts in the field are now engaged in speculation regarding its potential future value, anticipating it to soar to as high as $0.10, a 316% increase in short term profits. <\/span><\/p>\n

Investors who missed out on Kaspa still have an opportunity in ECOTERRA, a promising project that is still in the presale stage. <\/span><\/p>\n

Ecoterra (ECOTERRA)<\/span><\/h2>\n

Ecoterra<\/span><\/a>, a promising green project in the web3 space, has achieved a significant milestone in its product roadmap. <\/span><\/p>\n

Interested users can now register for Ecoterra’s groundbreaking Recycle-to-Earn (R2E) application, signaling progress toward the launch of its alpha version by the end of the year. <\/span><\/p>\n