Kaspa (KAS) Price Hits 2-Month High Ahead of August 31 Smart Contract Debut
Main Idea
Kaspa's native token KAS has surged in price ahead of the August 31 launch of smart contract functionality via Casplex Layer 2, which will enable decentralized applications on its network.
Key Points
1. KAS price surged 14.6% in 24 hours to $0.1153, marking a 2-month high and nearly 40% weekly gain.
2. Smart contracts will go live on Kaspa via Casplex L2 on August 31, enabling DeFi, NFTs, and dApp development.
3. Kaspa's GHOSTDAG protocol and PoW consensus offer scalability and miner-friendly features, positioning it alongside Ethereum and Solana.
4. Technical analysis indicates a potential breakout with initial targets at $0.13 and secondary targets at $0.16–$0.17, despite overbought RSI levels.
5. The CMF surge to +0.17 reflects strong buy-side pressure and capital inflow into KAS.
Description
KAS has surged nearly 40% this week and over 10% in the past 24 hours alone. The surge follows the announcement of its August 31st smart contract launch via Casplex L2. The token is testing the upper boundary of a long-term wedge, with strong momentum. Kaspa’s native token, KAS, has surged by 14.6% in the past 24 hours to trade at $0.1153, marking its highest price level since May 2025. This explosive rally, which has seen the altcoin gain nearly 40% over the past week, comes just ahead of a maj...
Latest News
- PUMP Price Tests Critical Floor After $5.9 Million in Bullish Bets Wiped Out2025-08-01 18:11:23
- USDT Transfer Volume Hits $52.9B as BNB Chain Overtakes Ethereum Since May2025-08-01 17:53:08
- Two Dollar-Backed Stablecoins, Two Blockchains, and EURC Make Their Way to Visa’s Payment Network2025-08-01 17:33:36
- With £6M Raise and a New CEO, UK’s Vaultz Capital to Begin Bitcoin Accumulation2025-08-01 17:33:13
- SEC Brings Out “Project Crypto” to Make U.S. the Blockchain Capital of the World2025-08-01 16:50:11