The recent market defying performance of new ‘GHOSTDAG’ protocol, Kaspa (KAS), certainly stole the show with a stellar +16% jump from the lower trading channel. Characterised by its proof-of-work layer-1 blockchain and the cutting-edge ‘GHOSTDAG’ technology, KAS positions itself as an instantaneous validation transaction sequencing layer. Its rally from victory to victory, capped off with the exhilarating prospect of its latest listing on the renowned ByBit exchange, has kept market enthusiasts in fervent anticipation.
KAS is currently trading at a market value of $0.039, marking a 24-hour increase of +2%. This striking surge came on the heels of an impressive +20.5% pump yesterday. Bolstered by the supporting underfooting of the 20DMA, Kaspa’s technical composition has fortified giving rise to sustained upside momentum.
An immediate price ceiling is projected at $0.041, a hurdle Kaspa must overcome to reposition at the apex of the trading channel and possibly carve out a new all-time high. On the flip side, some reservations arise as Kaspa’s RSI signals overheating at 54.77 amid minor bullish divergence in MACD. If Kaspa can consolidate above the 20DMA, it may set the stage for a significant rally, eyeing an upside target of $0.045, a potential +14.9% gain. Meanwhile, the fallback seems capped at $0.035, a potential -10.6% dip.
Beyond Kaspa (KAS), savvy traders are on the lookout for the next significant move. As such, the AI analytics tool, Launchpad XYZ (LPX), has drawn attention with its promises of portfolio enhancements. This innovative platform is lowering the Web 3.0 entry barrier with user-friendly tools, insights, and analytics. With features including NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis, it is no surprise that Launchpad XYZ is garnering interest.
The $LPX token, the heart of the Launchpad XYZ ecosystem, offers holders multitudinous benefits if staked at a minimum of 10,000 tokens. Their impending listing on major cryptocurrency exchanges is further stoking demand for this token. Launchpad XYZ anticipates substantial user adoption following the introduction of its main features in Q3 2023.
With a fully diluted market cap of $70 million and its max token supply capped at 1 billion, $LPX is slated to enter the crypto exchanges by year-end. Watch out for this dynamically evolving platform fragmenting barriers in the crypto space. Don’t miss out on what could be a golden opportunity for substantial growth. For more details, be sure to visit Launchpad XYZ, and keep up with their project’s updates and team news.
Source: Cryptonews
