Kaspa (KAS) Price Isn't Done Pumping – Here's Why The Next Big Move Could Be Even Bigger

The Kaspa price continued to rally today with another 10% pump. This means KAS is again among top crypto gainers.

Kaspa price continued to rally today with another 10% pump. This means that KAS is again among top crypto gainers.

YouTube channel ‘Sin City Crypto’ posted a viral Kaspa price prediction video yesterday to their almost 100k subscribers.

Kaspa Chart Breakout Shows Strong Bullish Momentum

Kaspa has now officially broken out of its downtrend and flipped to an uptrend on the daily chart. The price recovered from around $0.05 to $0.10, showcasing a 50-50% gain. Several technical indicators are showing bullish momentum.

The KAS price broke above the Ichimoku cloud and managed to close a daily candle above it. The conversion line (9-day moving average) crossed above the baseline (26-day moving average). A cloud twist to green also shows a clear momentum shift.

The Kaspa price bounced from a 78.6% Fibonacci retracement level, setting up a double bottom pattern. Traders are watching the Golden Pocket Zone between $0.0836 and $0.0898, which is expected to serve as a pullback/retest area before the next potential move up.

After a bounce from this zone, the next target sits around $0.1127, which is the 50% Fibonacci retracement level. This setup suggests a possible trade opportunity: entering long at $0.0836 and exiting near $0.1127.

Crescendo Upgrade: A Game-Changing Milestone

The major catalyst for Kaspa’s recent price action is the upcoming Crescendo v1 upgrade, which is scheduled for May 5. This technological milestone will see the Kaspa blockchain speed up from 1 block per second to 10 blocks per second.

If successful, this upgrade will make Kaspa the fastest proof-of-work Layer 1 blockchain in the cryptocurrency industry. Both the community and developers are anticipating a smooth execution of this important upgrade.

Such a performance improvement could attract developers and dApp builders who are looking for high-performance proof-of-work blockchains to expand their projects and build new use cases.

The Nacho token stands out as the leading KRC20 token in the Kaspa ecosystem. It’s widely recognized as a blue-chip token due to its multiple utilities.

Holders can earn Nacho while mining Kaspa and securing the network through the Cat pool. The token also has an NFT collection with real utility and is part of the Moonbound.GG platform.

Nacho leads the Kaspa ecosystem both in market cap and the number of holders, with around 18,000 members and growing quickly. Market analysts suggest that if Kaspa reaches a $20-50 billion market cap, about 1-5% could flow into Nacho, potentially making it a strong investment within the ecosystem.

Kaspa’s fundamentals appear strong, with the Crescendo v1 upgrade setting the stage for potential game-changing events. Technically, the setup looks bullish on daily timeframes and is approaching confirmation on weekly charts as well.

With its increasing speed, fair launch model, and a growing ecosystem, Kaspa is establishing itself as a serious contender in the proof-of-work blockchain sector.

The Kaspa price could climb even higher in the coming weeks, especially with the Crescendo v1 upgrade arriving on May 5. If the upgrade successfully increases Kaspa’s speed to 10 blocks per second, making it the fastest proof-of-work blockchain, we could see even stronger price action as more developers and investors take notice.

Realistic price targets could be $0.15 and then $0.20.