Kaspa’s Bullish Momentum Grows, But JetBolt Is Gaining Whales’ Focus

October 28, 2024
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4 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Kaspa (KAS) is stabilizing between $0.12 and $0.14, with crypto analysts eyeing a possible breakout beyond $0.15 that could push the token toward $0.17. Despite Kaspa’s GHOSTDAG-driven scalability and improving block rates, KAS’ 20% dip over the past month has left some traders cautious. Meanwhile, JetBolt (JBOLT) is making waves. Surpassing $415,000 in presale sales, the buzz around JetBolt’s zero-gas, lightning-fast token is undeniable—and whales are diving in. With momentum shifting, the focus is clear: will Kaspa reclaim its edge? Or is JetBolt on track to dominate?

Kaspa’s Bullish Momentum: Growth or Plateau?

This week, Kaspa (KAS) is trading between $0.12 and $0.14, currently pinned at $0.1204, holding at its 10-day and 100-day moving averages of $0.13. Despite a 20% drop this month, technical analysis indicates that Kaspa might be preparing for a breakout. Crypto analysts also highlight $0.15 as the key resistance level—if broken, KAS could push toward $0.17. However, failure to hold above $0.11 support risks further decline, possibly dipping to $0.09.

From a market sentiment perspective, the RSI at 45.28 and stochastic at 29.28 reflect a neutral to slightly oversold condition. This suggests Kaspa could see a short-term bounce, but the upcoming altcoin season will likely determine whether KAS regains its momentum or stays flat. Throughout the past week, Kaspa showed a sharp dip, falling below $0.11, followed by a gradual recovery back to $0.12, reflecting both market volatility and cautious attempts to regain momentum.

KAS’s 7-day trading chart from CoinMarketCap showing a sharp dip followed by a cautious recovery

KAS’s 7-day trading chart from CoinMarketCap showing a sharp dip followed by a cautious recovery

Recent developments also show mixed signals. The introduction of NiceHash’s ASIC firmware has improved mining efficiency by 20%, aligning with Kaspa’s use of the energy-efficient kHeavyHash algorithm. This move has reaffirmed Kaspa’s goal to remain a high-speed, decentralized blockchain solution, targeting 10 blocks per second in the near future.

READ MORE   Kaspa (KAS) Price Prediction: Can Kaspa Hit $10 or Will Competitor JetBolt Outperform Altcoin Sector

Despite these advances, trading volume remains inconsistent—fluctuating between $37 million and $150 million in recent days, now pegged at $43.89 million—indicating ongoing market hesitation.

Kaspa’s bullish momentum is taking shape, but with resistance at $0.15 still intact, the path forward remains uncertain. In the meantime, JetBolt (JBOLT) is accelerating ahead, luring in crypto whales with its zero-gas and lightning-fast technology, setting the stage for early adopters to dive in during its presale.

JetBolt’s Presale Sparks a Revolutionary Whale Movement

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JetBolt (JBOLT) is swiftly becoming the hot topic of the crypto space, pulling in whale activity with its successful presale that’s already exceeded $415,000 in sales. One of the standout features fueling this spectacular surge is JetBolt’s zero gas technology, powered by the Skale Network.

By eliminating gas fees entirely, JetBolt opens the door to greater innovation across dApps, SocialFi, Web3, and blockchain gaming, making it easier and more accessible for developers to bring their ideas to life. This new efficiency isn’t just about gas-cost reduction—it’s about lowering barriers to entry and accelerating the creation of cutting-edge decentralized applications that thrive in a gas-free environment.

Another key factor fueling whale interest during JetBolt’s presale is its early-bird benefits. One of these is JetBolt’s exclusive Alpha Boxes, granting buyers up to 25% more JBOLT tokens for batch purchases. This is a compelling opportunity that allows buyers to maximize their holdings.

Beyond these perks, JetBolt’s AI-powered crypto market insights are adding another layer of utility to its ecosystem, giving users a competitive advantage by keeping them up-to-date with the latest crypto trends, cementing JetBolt’s position as a leader in blockchain intelligence.

READ MORE   The Best Cryptos to Invest in Now: October 2024

As whales continue to look for fresh and innovative opportunities, JetBolt’s fully-developed ecosystem and triumphant presale are turning heads. With presale milestones being smashed and momentum building, JetBolt is making waves as a top new crypto to watch.

KAS Bullish Momentum Grows, But JetBolt Is Gaining Whales’ Focus

Final Thoughts: Kaspa Fights Resistance as Whales Turn to JetBolt

Kaspa (KAS) has shown signs of bullish momentum, with the possibility of breaking past $0.15 resistance. However, market uncertainty remains, especially after its recent 20% drop and fluctuating trading volumes. Meanwhile, JetBolt (JBOLT) has surged ahead, already posting a stellar $415,000 in presale sales. Thanks to its plethora of cutting-edge features, whales are steering toward JetBolt. With its groundbreaking technology, JetBolt stands out as a top new altcoin.

Click the following links to explore more of JetBolt and its enticing presale:

JetBolt’s Website: https://jetbolt.io/

Follow JetBolt on X: https://x.com/jetboltofficial

Join JetBolt’s Telegram Community: https://t.me/jetboltcoin

Note that this article should not be taken as financial advice. The cryptocurrency market is highly volatile, and readers should conduct their own research before participating in crypto trading or presales. Remember that market conditions can change rapidly, and mention of any token does not guarantee future performance.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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