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- 1 The EMAs are providing a strong support for the KAS price.
- 2 The KAS cryptocurrency is trading at $0.1351 with a 5.23% increase in the last 24 hours (press time).
Kaspa crypto currency is a community project that was conceived by DAGLabs, a R&D company that received funding from PolyChain.
Kaspa is completely open source, has no central governance, and has no business model.
The founder is Yonatan Sompolinsky, a Postdoc CS at Harvard University on the MEV Research Team. Yonatan’s 2013 paper on Ghost protocol is referenced in the Ethereum Whitepaper.
Kaspa crypto’s core developers and contributors include cryptography PhD student Shai Wyborski, CS guru Michael Sutton, CS undergraduate researcher Mike Zak, cryptography researcher Elichai Turkel, and developer Ori Newman.
All of these have played an active role in alarming the usage and stability of the network. Kaspa crypto is unique in its ability to support high-value blockchains while maintaining the level of security provided by proof of work.
Kaspa crypto also has a unique monetary policy that reduces emissions geometrically over time based on the 12-note scale of music. Known as the chromatic phase – this policy started on May 7th, 2022 with a block reward of 440 KAS.
The block price is half-annual, but effective: every month the block price decreases by (1/2)^(1/12) times. This means that the rate of the reward block in consecutive months is the same as the rate of two consecutive semitones on the semitone scale.
The first reward block is the frequency of A4 paper, so the average year is called octave. The policy determines how many coins are minted per second regardless of the block rate.
If Kaspa changes the block rate in the future, the reward will be adjusted accordingly to maintain the same emission rate.
Kaspa network is secured by miners through Proof of Work and uses an algo called k-Heavyhash. Heavyhash was selected for compatibility with Photonic miners when they become available.
Looking into the Kaspa (KAS) Chart
The Kaspa crypto is trading at $0.1351 with a 5.23% increase in the last 24 hours.
If the buyers maintain the pressure, the KAS price could surge from the current level. The next target for the KAS price is $0.148.
However, if the Kaspa crypto price fails to stay above the $0.115 level, it could decline further.
The KAS price is higher than the 20-day and 50-day exponential moving averages.
The Kaspa crypto price is supported by the EMAs, which are acting as a barrier and stopping it from dropping lower This indicates that the EMAs are providing a strong support for the KAS price, as they are following the price and stopping it from falling more.
Therefore, the KAS price trend is positive and rising.
Technical Levels
Support Levels: $0.115
Resistance Levels: $0.148
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
