TL;DR
- Kaspa jumps 10% in 24 hours and reaches $0.1079, driven by bullish momentum across altcoins like Ethereum, XRP, Solana, and BNB.
- The launch of the Kasplex zkEVM testnet will bring EVM support and new tools, opening the door for smart contract development on Kaspa.
- KAS forms a technical double bottom at $0.05 and aims to break resistance at $0.12, with a potential move toward $0.18–$0.20 if momentum holds.
Kaspa (KAS) posted a sharp rise over the past day, gaining 10% and pushing its price to $0.1079. The surge comes amid a broader rebound among altcoins, with Ethereum, XRP, Solana, and BNB also advancing toward key technical levels.
In KAS’s case, however, the rally has an additional catalyst: the public launch of the Kasplex zkEVM testnet, a layer 2 network that enhances and expands the capabilities of the Kaspa ecosystem.
This new environment allows Ethereum-compatible smart contracts to be deployed without complex modifications. It also includes tools like a live faucet, a working block explorer, and MetaMask support, making it easier to experiment and build decentralized applications.
Kasplex zkEVM uses Kaspa’s mainnet for transaction sequencing and data availability, combining high speed with a proven proof-of-work execution model.
A New Phase for Kaspa and its Ecosystem
The activation of this testnet marks a new phase in Kaspa’s roadmap. Until now, the project has stood out for its blockDAG architecture and near-instant confirmation times. The addition of native smart contract functionality, while retaining proof-of-work consensus, creates a hybrid model that few projects have managed to sustain effectively.
Technical Analysis
Technical indicators also support the current rebound. KAS has bounced twice from the $0.05 zone, forming a double bottom — a classic signal of potential trend reversal. This pattern aligns with the excitement surrounding the recent network updates and points to a possible breakout above the $0.12 resistance level. If momentum continues, the next target lies between $0.18 and $0.20, a range that acted as a ceiling twice in 2024.
The market appears to be acknowledging the value of combining advanced functionality with a secure execution model, and Kaspa seems positioned to keep growing
