Kaspa Shines as Top Coin, Pepe Rival Hits $6.8 Million Milestone
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BlockDAG-based cryptocurrency Kaspa (KAS) is exploding in a market-defying pump that has briefly seen KAS price feature as the only green gainer in the top 50 cryptocurrencies by market cap.
This comes amid growing bullish sentiment surrounding the promising coin.
Many market spectators suggest it could emerge as the successor to Bitcoin and Ethereum due to its impressive technology as it hits a new all-time high.
At the heart of this optimism is the unique BlockDAG blockchain, which effectively solves the blockchain trilemma – positioning Kaspa as a key currency to watch in the year ahead – having never traded in a bull market before and with an incredibly fair launch.
KAS Price Analysis: Will Kaspa Shoot Into Price Exploration After New ATH?
As price action reels from the fresh all-time high, Kaspa is currently trading at a market price of $0.20 (representing a 24-hour change of -0.58%).
This comes after a magnificent +18% bounce off the 20DMA over the past week held strong, fuelling KAS price to hit a new all-time high at $0.208.
On the tail-end of a dramatic push, especially a rally that has defied a wider -3% drawback across the cryptocurrency market, consolidation is now the name of the game.
Kaspa’s price now needs to stabilize and sustain this price level ahead of the next set-up, critically allowing the supportive structure of the 20DMA to play catch up and the RSI to cool off.
Indeed, a closer examination of the RSI indicator reveals significant overheating with a current reading of 71, suggesting that consolidation or even localized retracement could be on the cards.
A retracement move will likely be limited by nearby lower support at $0.1925-$0.195, limiting downside risk in the short time frame.
Furthermore, with community sentiment mirroring the excitement of a new all-time high, it seems likely a push-up into price exploration will occur in the coming weeks.
Upside targeting remains limited to $0.25 – although this still represents alluring growth for KAS bulls in Q3.
Margex Announces $500,000 Kaspa Airdrop
Margex, a well-known crypto derivatives exchange, has just announced a $500,000 Kaspa (KAS) token airdrop, drawing attention from the crypto community. To participate, users must either sign up or log in to the Margex platform and actively trade during the event, which runs from August 26th to September 22nd. The airdrop aims to boost engagement on the platform, rewarding traders with KAS tokens that can be claimed after the event concludes.
To take part:
- Sign in or register on Margex
- Click “Join Now” on the Airdrop page.
- Trade any crypto pairs with any leverage between August 26th and September 22nd. Maximize your trading to boost your potential winnings
- Claim your $KAS tokens on Margex once the event is over.
Pepe Unchained Could Still Outperform KASPA Amid $6.8M Raise
One of the hottest quickfire meme coin opportunities in the Q3 market appears to be Pepe Unchained (PEPU), after shooting up to a sensational $6.6m+ raised during a stunning presale.
Now entering its late stage, the PEPU presale is poised for an explosive launch on DEX markets in the coming weeks and months, with thousands of retail investors flocking to the Pepe ecosystem expansion.
Behind the hype is a pretty novel idea from a committed development team.
PEPU seeks to do for PEPE what Shibarium did for SHIB – the project is building a bespoke low-cost, high-speed layer-2 scaling solution to unchain PEPE from its ERC-20 nightmare.
After all, Frog Coins need a home chain, which is a huge opportunity in the meme coin space—especially with the fleeting Ethereum ETF hype.
You don’t want to miss this opportunity to learn more about PEPU and grab a stack of Pepe Unchained.
