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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 major development for the project.
🚨 JUST IN: #Kaspa Smart Contracts Launching August 31 via @kasplex L2 Mainnet
— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) July 21, 2025
Kaspa is set to activate smart contracts with the launch of the Kasplex Layer 2 mainnet on August 31. This upgrade brings new utility to the $KAS ecosystem, enabling decentralized apps and expanding… pic.twitter.com/7BvYIDwHBz
Smart contracts will go live on August 31
On July 22nd, the Kaspa team confirmed that smart contract functionality will go live on the network via Casplex Layer 2 (L2) on August 31st.
For the first time, developers will be able to build decentralized applications (dApps) on the Kaspa network, opening doors to DeFi, NFTs, and a broader range of on-chain innovation.
Related: Kaspa (KAS) Hits New All-Time High, Can It Climb Higher? Indicators Weigh In
The Proof-of-Work blockchain is now stepping into the same arena as Ethereum, Solana, and Avalanche, but with its own unique edge: scalability via the GHOSTDAG protocol and miner-friendly PoW consensus. The market’s response to the announcement was immediate, with KAS bursting through the psychological $0.10 barrier after months of trading below it.
KAS Price Analysis: Wedge Breakout Incoming?
On the daily chart, KAS is currently testing the upper resistance of a large symmetrical wedge pattern that has been developing since late 2023.
The price is pressing against the wedge’s upper boundary, currently around $0.115–$0.117. A clean breakout and daily close above this resistance would signal a potential trend continuation, with initial targets near $0.13, and secondary targets around the $0.16–$0.17 zone based on the wedge’s height.
Related: Kaspa (KAS) Price Prediction 2025-2030: Will KAS Price Hit $1 Soon?
Meanwhile, the RSI is currently at 79.56, deep in overbought territory. While this often signals a cooldown ahead, in strong uptrends, RSI can stay elevated for extended periods. The CMF has surged to +0.17, indicating strong buy-side pressure and significant capital inflow into KAS.
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