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Crypto News

Why does everyone suddenly love Kaspa – and what can happen after that for Kas Price

Kaspa passes a moment. While most of the encryption market was slow or drifting to less, KASPA (KAS) stands out, not only because of its prices. According to Coinmarketcap Traning Sentiment Tracker, Kaspa is currently the first place for the most optimistic morale in the entire market. More than 90 % of users who voted a mark as a bullish. This is a strong indication that retail investors feel confident, even as other coins continue.

So what is behind this sudden increase in optimism?

One of the major reasons is rumors that Circle, the company that stands behind USDC Stablecoin, is to explore a partnership with Kaspa. If this happens, USDC may become original on Kaspa Blockchain. This will be a huge milestone. It would immediately enhance KASPA’s credibility in the eyes of Defi, allowing it to reach the liquidity of Stablecoin and open doors for all types of decentralized financing. Although this has not been confirmed, the fact that it is discussed is helping to fuel excitement.

Moreover, the development of the KASPA 2 layer system moves forward. Kasplex, the scaling solution for the 2 layer of KASPA, has started to test smart contracts. Early reports indicate that these are smoothly, which is impressive given the rapid development of KASPA during the past year. The working smart nodes can bring DAPS and new developers to the network, which increases the benefit and long -term capabilities.

There is also something that can be said about Kaspa holders. Despite the recent fluctuations, KAS exchange balances were steadily decreased. This means that there are more symbols that are transferred to a cold wallet and a long -term storage, instead of sitting on the exchanges ready for sale. At the same time, the wallet continued to rise in height. This mixture refers to a strong and growing society that believes in the future of Kaspa in the long term, and not just short -term trading.

KASPA price bounces of support – is this a real reflection?

But what about the price? On the artistic side, things look optimistic with caution. After declining to about $ 0.075 earlier this month, Kas wore again and is currently trading near $ 0.085. This apostasy came directly from the main support level, and the graph shows that the bulls are trying at least to restore control. However, the price is still less than the 200 -day moving average, which is about $ 0.106. This is the level that traders closely monitor-it is the line that separates the assembly in the short term from the reflection of the real direction.

Source: TradingView

If Kaspa can pressure the resistance area $ 0.088 to $ 0.090, it may target 0.10 dollars and beyond. But if you fail to get more than $ 0.080, there is a risk from another drop to $ 0.075 or even less. The RSI is sits in a neutral area, which means that there is room for movement. All this is due to whether this upward feelings turn into real purchase pressure.

What is clear is that Kaspa has not been ignored anymore. Whether it is USDC, Layer 2 development or just a strong and loyal society, it may turn something. People care about. And if part of the bullish narration plays, Kaspa may end as one of the most interesting stories in Crypto this summer.

Also read: Why did only one merchant decrease $ 20,000 on KASPA – but should you follow?

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