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
