Kaspa holds $0.05 support as L2 launch delayed
Kaspa (KAS), the cryptocurrency of the first-layer blockchain, ended the week with a symbolic gain of 0.2%. The coin found support near $0.05 and is waiting for an altcoin market recovery to retest its recent highs.
Kaspa is viewed as one of the potential beneficiaries of the upcoming altseason. While analysts expected a strong rally in October, the cryptocurrency closed the month down more than 30%, reflecting the broader weakness among altcoins. Many top-100 cryptocurrencies lost 25% or more over the same period.
Kaspa managed to remain relatively stable, supported by expectations surrounding the upcoming launch of Kasplex, its Layer-2 solution. Kasplex aims to introduce smart contracts and DeFi support, which could significantly boost network activity.
The Kaspa team initially promised to launch Kasplex on August 31, but the release has been postponed for technical reasons, with no new date officially announced. Developers reassured the community that the delay was not due to bugs but to ensure a “flawless” start.
A difficult October
Despite the market turbulence, on October 6, Kaspa achieved a throughput record, processing 158.4 million transactions in 24 hours — over 1,800 TPS. Earlier this week, on October 27, KAS surged 9% as whales accumulated around $0.06 amid a bullish sentiment in derivatives markets.
Futures buy-sell ratios turned positive after a month of bearish dominance, signaling renewed institutional interest — a sign that bullish momentum might be returning.
“KAS shows resilience after testing key support around $0.05. If the market stabilizes, we could see a rebound toward $0.06 soon,” said analyst Anton Kharitonov.
Other experts, such as Pushpendra Singh, also praised the Kaspa community’s resilience throughout October. However, they noted that KAS still faces liquidity and sustainability challenges — issues that could be resolved once the long-awaited L2 launch goes live.
As we wrote, Kaspa today news: gains 8.46% — reversal needs break above $0.0721, downside risk persists
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