Kaspa Price Prediction: KAS Jumps 11% After MARA Says It Mined Kaspa, And This P2E Presale Blasts Past $3.5 Million

The Kaspa price jumped 11% in the last 24 hours to trade at $0.176 as of 03:49 a.m. EST on trading volume that skyrocketed 160% to $115 million, according to Coingecko.

This comes as Bitcoin mining heavyweight Marathon Digital (MARA) announced that it has mined $16 million worth of Kaspa (KAS) as a step towards diversifying its revenue away from Bitcoin.

Since deploying its first batch of Kaspa miners in September 2023, the firm has mined 93 million KAS tokens, with the tokens being up 420% since then.

Kaspa Price Set To Soar To A New ATH

Kaspa Price Chart Analysis Source: Tradingview.com
KASUSD Chart Analysis Source: Tradingview.com

The Kaspa price went on a sustained downtrend from March to May, with the bulls finding support around $0.10. This support zone allowed the bulls to push the token back to the $0.18 resistance level, forming a rounding bottom pattern.

KAS price further breached the resistance zone, pushing the Kaspa price to a new all-time high (ATH) of $0.19. The price of Kaspa, however, negated the bullish sentiments, pushing the token towards the $0.13 support and back to the resistance zone, forming the handle, which completes the cup and handle pattern.

KAS still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms its bullish prospects.

Moreover, the Relative Strength Index (RSI) is soaring above the 70-overbought region, currently at 71, which shows that buyers have an upper hand and that KAS is under intense buying pressure.

Kaspa Price Prediction

The Kaspa price Analysis shows a bullish bias, as the bulls aim at capitalizing on the cup and handle pattern to push KAS over to a new ATH around $0.25.

In an inverse scenario, the bears could utilize the death cross around $0.15 to exert pressure, which could in turn push the token toward the support zone around $0.13.

Meanwhile, the eTukTuk (TUK) presale is drawing much attention in the crypto community as it combines two of its hottest niches: AI and DePIN.

New P2E Game eTukTuk Races Past $3.5 Million In Presale

eTukTuk is an AI-powered sustainable transport solution that has already raised more than $3.5 million in presale.

The project has recently unveiled a new and thrilling mobile Play-to-Earn (P2E) game called Crazy TukTuk Taxi. In the game, players can navigate the lively streets of Sri Lanka, racing to pick up and drop off passengers to earn their native token $TUK.

$TUK acts as the game’s currency, which players can use to make purchases, upgrade, and access exclusive content.

Users can download the game via App Store or Google Play Store.

Apart from P2E gaming, the project aims to ensure the eco-friendly future of transportation, first in developing nations, and then worldwide. eTukTuk combines AI, crypto/blockchain, and electric vehicles to bring this goal to fruition.

Buy And Stake $TUK For 81% Annual Rewards

Token holders can stake $TUK for an impressive annual percentage yield (APY) of 81%.

According to Jacob Bury, a prominent crypto analyst on YouTube, $TUK could potentially surge 10X after its launch.

The TUK token is selling for $0.034. With a price hike coming in about six days, don’t wait too long to secure the best deal.

Buy TUK tokens on the official website here. They are available in exchange for ETH, USDT, BNB, or with a credit or debit card.

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