Kaspa Price On the Cusp of a Breakout: 3 Reasons Why

Kaspa (KAS) price has experienced a significant downturn in August, dropping over 13% and nearly reaching a year-to-date low. Despite this downtrend, multiple bullish developments have emerged that could propel its price towards a breakout. First, the Kaspa team recently teased potential plans to enter the traditional payments space, aligning with major players like Visa, Mastercard, Google Pay, and Apple Pay. This has generated excitement among traders, sparking renewed interest in the token. **Second**, there’s speculation of a Binance listing in the near future. A spot listing on the world’s largest crypto exchange would significantly boost Kaspa’s visibility and credibility, attracting more investors. **Third,** Kaspa is set to launch its own Layer-2 solution, Casplex, at the end of August. This upgrade introduces smart contract functionality to the network, potentially unlocking a wide range of DeFi applications like NFTs, dApps, and more. These developments could generate fresh retail investment in the token.