The Kaspa altcoin sector, symbolized by KAS ($0.15), has experienced a surge in positive market trends, as the price of Bitcoin (BTC $99,113) surpassed $100k for the second time in 2025. This bullish momentum stems from the upcoming second term of President-elect Donald Trump, who is known to be pro-crypto, reigniting optimism among whales and institutional investors, leading to renewed interest in this sector.
Looking ahead, it appears that an exciting altcoin season could be on the horizon within the next few months. This surge is expected due to the impending clarity in U.S. crypto regulations. In fact, Bitcoin’s dominance has already begun forming a significant reversal pattern on the macro scale, signaling the beginning of this much-awaited altcoin boom.
Kaspa Price Attempts Bullish Recovery
As a crypto investor, I’ve noticed an impressive surge in my Kaspa (KAS) holdings over the past three days. This mid-cap altcoin, valued at approximately $3.8 billion and boasting a 24-hour average trading volume of around $124 million, has been on the rise. On Thursday, January 16, during the mid-New York session, KAS was trading at roughly 15 cents, marking an increase of over 30 percent.
Over the past few weeks, I’ve noticed a significant recovery in the altcoin, which appears to have bounced back from a critical support level approximating 10 cents. This could be an indication of an upcoming bullish trend. However, it’s important to note that the altcoin has shown reduced returns lately following substantial growth over the last two years.
Furthermore, the value of KAS has surged over 879 times from its level in May 2022 and peaked at roughly 20 cents approximately six months back, setting a new record high.
As a crypto investor, I’ve noticed that the technical analysis suggests a possible reversal in KAS price. This is indicated by a Head and Shoulders (H&S) pattern emerging, which is often a sign of a potential trend reversal, coupled with a bearish divergence in the weekly Relative Strength Index (RSI). This means that while the price has been moving lower, the RSI has been making higher highs, which could signal a shift in momentum from bullish to bearish. However, it’s important to remember that past performance is not always indicative of future results and I always recommend doing thorough research before making any investment decisions.
If KAS’s closing prices persistently dip beneath the 10-cent support zone, it signals the confirmation of a reversal trend. Over the medium term, the potential price level to aim for could be approximately 7.5 cents.
In the upcoming months, there’s a possibility that KAS’s price may evolve into a more intricate bullish formation, particularly with the expectation of an altcoin season.
Fundamental Outlook
During the latest cryptocurrency downturn, the Kaspa network has expanded into a solid, proof-of-work (PoW) fortified blockchain. The group responsible for Kaspa has been diligently developing various technical upgrades aimed at enhancing speed and scalability for all users, facilitating swifter and more efficient transactions on the platform.
As a crypto investor in Kaspa, I’m eagerly anticipating the Crescendo hard fork. This event will significantly boost Kaspa’s block rate from one block every second to ten blocks per second. Consequently, our network would be capable of processing up to 150 million transactions daily, even under heavy network congestion.
Moreover, the introduction of KRC-2 tokens has led to a substantial boost in daily on-chain transactions for the Kaspa network, with numbers surging from approximately 31,000 to highs ranging between 1.35 million and 8.86 million.
Over the short term, the primary Kaspa developers plan to switch the network’s fundamental structure from Go to the Rust programming language, with the aim of increasing the block processing speed.
To enhance Kaspa’s liquidity and market reputation, the Kaspa Eco Foundation (KEF) selected DWF Labs, a leading web3 company from Dubai, as their primary market maker.
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2025-01-16 19:10