Kaspa (KAS) has been under pressure, leaving investors questioning its future. Currently trading at $0.163 with a market cap of $4.01 billion, KAS has dropped 3.19% in the past 24 hours.
Since hitting its all-time high of $0.208 on August 1, 2024, the price has fluctuated, reflecting market volatility.
Recent Developments and Market Sentiment
Kaspa’s listing on Kraken and support from Binance Pool have boosted its visibility and market interest, helping the price rebound above $0.17. However, the current market sentiment remains bearish, with the Fear & Greed Index at 26 (Fear).
https://twitter.com/KaspaCurrency/status/1820330703889817795
Price Outlook
Despite volatility, Kaspa has shown resilience, recovering after dips and benefiting from positive news. While its strong performance and recent milestones suggest potential growth, the path to $0.25 may face resistance due to market dynamics and supply inflation. Continued positive developments and stable conditions will be crucial for Kaspa to reach this target.
