- Bullish KAS price prediction for 2023 is $0.042760 to $0.062973.
- Kaspa (KAS) price might reach $0.1 soon.
- Bearish (KAS) price prediction for 2023 is $0.019213.
In this Kaspa (KAS) price prediction 2023, 2024-2030, we will analyze the price patterns of KAS by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
KASPA (KAS) PRICE PREDICTION 2023
|KASPA (KAS) PRICE PREDICTION 2024, 2025, 2026-2030|
Kaspa (KAS) Current Market Status
|Current Price||$0.03345||24 – Hour Price Change||4.77% Down|
|24 – Hour Trading Volume||$9,877,935|
|Circulating Supply||20,385,911,023 KAS||All – Time High||$0.04844 (On Aug 03, 2023)|
|All – Time Low||$0.0001699 (On Jun 01, 2022)|
What is Kaspa (KAS)
|CATEGORY||PoW layer 1 blockchain|
|LAUNCHED ON||November 2021|
|UTILITIES||Governance, security, gas fees & rewards|
Kaspa is a proof-of-work project based on the GHOSTDAG protocol. In contrast to conventional blockchains, GHOSTDAG does not disregard parallel blocks. All things considered, it permits them to coincide and arranges them in agreement. Basically, Kaspa is the Nakamoto Agreement in its most fundamental structure. There is no central governance or business model for the project. This indicates that it is community-based, open-source, and decentralized.
Kaspa 24H Technicals
Kaspa (KAS) Price Prediction 2023
Kaspa (KAS) ranks 209th on CoinMarketCap in terms of its market capitalization. The overview of the Kaspa price prediction for 2023 is explained below with a daily time frame.
KAS/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Kaspa (KAS) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Kaspa (KAS) was recorded at $0.03345. If the pattern trend continues, then the price of KAS might reach the resistance levels of $0.044219 and $0.051669. If the trend reverses, then the price of KAS may fall to the support of $0.027913, and $0.033347.
Kaspa (KAS) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Kaspa (KAS) in 2023.
KAS/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Kaspa (KAS) for 2023.
|Resistance Level 1||$0.042760|
|Resistance Level 2||$0.062973|
|Support Level 1||$0.027571|
|Support Level 2||$0.019213|
KAS Resistance & Support Levels
Kaspa (KAS) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Kaspa (KAS) are shown in the chart below.
KAS/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Kaspa (KAS) market in 2023.
|50-Day Moving Average (50MA)||Nature of the current trend by comparing the average price over 50 days||50 MA = $0.038801Price = $0.033750|
(50MA > Price)
|Bearish / Downtrend|
|Relative Strength Index (RSI)||Magnitude of price change;Analyzing oversold & overbought conditions||34.92|
<30 = Oversold
50-70 = Neutral>70 = Overbought
|Relative Volume (RVOL)||Asset’s trading volume in relation to its recent average volumes||Below cutoff line||Weak Volume|
Kaspa (KAS) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Kaspa (KAS) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
KAS/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Kaspa (KAS).
|Average Directional Index (ADX)||Strength of the trend momentum||21.217429||Weak Trend|
|Relative Volatility Index (RVI)||Volatility over a specific period||28.47<50 = Low|
>50 = High
Comparison of KAS with BTC, ETH
Let us now compare the price movements of Kaspa (KAS) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs KAS Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of KAS is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of KAS decreases, if the price of BTC and ETH decreases, the price of KAS increases.
Kaspa (KAS) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Kaspa (KAS) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
|Year||Bullish Price||Bearish Price|
|Kaspa (KAS) Price Prediction 2024||$0.4||$0.04|
|Kaspa (KAS) Price Prediction 2025||$0.5||$0.06|
|Kaspa (KAS) Price Prediction 2026||$0.7||$0.09|
|Kaspa (KAS) Price Prediction 2027||$0.9||$0.1|
|Kaspa (KAS) Price Prediction 2028||$1||$0.3|
|Kaspa (KAS) Price Prediction 2029||$1.3||$0.5|
|Kaspa (KAS) Price Prediction 2030||$1.5||$0.6|
If Kaspa (KAS) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Kaspa (KAS) price prediction for 2023 is $0.062973. Comparatively, if unfavorable sentiment is triggered, the bearish Kaspa (KAS) price prediction for 2023 is $0.019213.
If the market momentum and investors’ sentiment positively elevates, then Kaspa (KAS) might hit $0.1. Furthermore, with future upgrades and advancements in the Kaspa ecosystem, KAS might surpass its current all-time high (ATH) of $0.04844 and mark its new ATH.
1. What is Kaspa (KAS)?
The native currency of the project is KAS, which is used for all on-chain transactions and the distribution of mining rewards. Since KAS is a Layer-1, rather than a token, it is referred to as a “coin.”
2. Where can you buy Kaspa (KAS)?
Traders can trade Kaspa (KAS) on the following cryptocurrency exchanges such as Bitget, LBank, BingX, KuCoin, and XT.COM.
3. Will Kaspa (KAS) record a new ATH soon?
With the ongoing developments and upgrades within the Kaspa platform, Kaspa (KAS) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Kaspa (KAS)?
Kaspa (KAS) hit its current all-time high (ATH) of $0.04844 On Aug 03, 2023.
5. What is the lowest price of Kaspa (KAS)?
According to CoinMarketCap, KAS hit its all-time low (ATL) of $0.0001699 on Jun 01, 2022.
6. Will Kaspa (KAS) hit $0.1?
If Kaspa (KAS) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.1 soon.
7. What will be the Kaspa (KAS) price by 2024?
Kaspa (KAS) price might reach $0.4 by 2024.
8. What will be the Kaspa (KAS) price by 2025?
Kaspa (KAS) price might reach $0.5 by 2025.
9. What will be the Kaspa (KAS) price by 2026?
Kaspa (KAS) price might reach $0.7 by 2026.
10. What will be the Kaspa (KAS) price by 2027?
Kaspa (KAS) price might reach $0.9 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.