KAS Price Rebounds Strongly, Analysts Predict New Highs in September

Recently, analysts have stated that the price of KAS is expected to rise sharply in September this year. Influenced by the poor market situation of Bitcoin after the halving this year, the vast majority of altcoins are struggling and mired in confusion. Even a rare cryptocurrency like KAS, which can carve out its own market trend, will experience fluctuations due to the overall market environment.

However, in the recent days, KAS seems to have emerged from the doldrums, with its price rising from $0.14 on September 7th to around $0.16 today. The renowned analyst Dark Horseman believes that the support level for KAS is at $0.15, and the current situation is favorable. Combined with the technological prospects of KAS, the coin’s value is worth looking forward to.

On September 15, Kaspa will launch the long-anticipated Kaspalex KRC-20 mainnet. This rollout will further expand the Kaspa ecosystem, introducing several upgrades, like improved transaction speed, increased reward for miners, and two new token standards, KRC-20 and KRC-721. Analysts expect this launch to catalyze the next rally and send Kaspa to new heights.

As the strongest POW cryptocurrency this year, KAS has brought significant profits to investors. Over the last 18 months, Kaspa has reported a 256% annual increase and a staggering 73,000% growth over three years. On January 1, 2024, the coin price was $0.1124, and on July 20, 2024, it reached its highest at $0.18. This year, KAS has brought a return rate of 37.73% to investors. Even during the broader market downturn this August, Kaspa has demonstrated notable resilience by regaining nearly 95% of its value prior to the crash, boosting investor confidence in its long-term prospects.

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Finally, BITMARS would like to remind everyone that all investments come with risks, so decisions should be made cautiously.

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