• Kaspa (KAS) recorded a new all-time high of $0.04844.
• KAS solidified its position as one of the top-performing coins in July.
• Technical analysis suggests that Kaspa (KAS) is in a bullish state.

Kaspa (KAS) cryptocurrency has caught the attention of the crypto community with its significant performance, even in the midst of a bear market. Today, Kaspa (KAS) reached a new all-time high of $0.04844, solidifying its position as one of the best-performing coins in the month of August.

In addition, Kaspa (KAS) maintains a consecutive four-day uptrend and has defied market odds. At the time of writing, Kaspa (KAS) trading price was $0.04646, showing a 9% increase over the past 24 hours. Also, the cryptocurrency has soared by 93% in the trailing 30-day period, leaving investors and enthusiasts intrigued by its bullish run.

However, Kaspa (KAS) declines by 5% from its new all-time high. Still, the cryptocurrency continues to be an enigmatic presence in the crypto market and has earned a spot on the list of top gainers. Its steady rise and strong momentum have garnered widespread attention among traders and investors alike.

Kaspa (KAS) Market Status

The current price of Kaspa (KAS) indicates positive momentum as it surpasses the 50-day moving average (MA) cross. A sign of a potential upward trend in the market. Further, the Relative strength index (RSI) stands in an overbought state, suggesting that bulls currently have a slight edge in the market.


Kaspa (KAS) Price Chart (Source: Tradingview)

On the other hand, the 50-day moving average crossing above the 200-day moving average presents a buy signal, which could attract further interest from investors. In summary, Kaspa (KAS) is showing signs of continuing bullish sentiment in the market.

In a bid to further solidify its position in the market, KAS recently initiated a crowdfunding campaign. Aimed at securing a Tier-1 Exchange listing for the KAS token. The campaign closed on August 2, 2023 and had a target of raising $30,000 through contributions in USDT and KAS.

The funds raised from this successful crowdfund will be used to cover the listing fees that the centralized exchange (CEX) may impose for listing the KAS token. Additionally, the allocated funds will be used at the discretion of the CEX. To conduct a comprehensive and strategic advertising campaign to promote the token.

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