Kaspa Founder Sets Deadline for Smart Contracts, Bitcoin Still Debating – $KAS Price Pumps 7%
Yonatan Sompolinsky, Kaspa's founder, posted on X: "by mid June Kaspa OP_CAT++ Bitcoin. worth the attention." A community member clarified: programmable covenants directly on the UTXO basis at full BlockDAG speed. That is a quantum leap. While Bitcoin stalls, Kaspa moves.
The market noticed. KAS price pumped 7% this week, climbing from $0.031 to above $0.033.
The Kaspa news – programmable assets before Bitcoin
Kaspa is already the first scalable layer‑1 using BlockDAG. Now it is adding native programmability. Not smart contracts as Ethereum knows them – but covenants that enable true digital assets on a UTXO ledger. That is the path to institutional assets, the same category Grayscale is currently eyeing.
Anyone who views KAS as just a payment coin is missing the shift. This turns Kaspa from a fast currency into a decentralized asset platform. And the deadline is mid‑June. No more years of debate. A date exists.
Kaspa price analysis
The CryptoCompare 2‑week index for KAS shows the bigger picture. The index sits at -4.63% over the two‑week period, but that masks the recent recovery. Price bottomed near $0.030 and has since bounced to the current range.
On the daily and 4‑hour charts, the 7% pump this week pushed KAS from $0.031 to above $0.033. Resistance sits at $0.035, the late March high. Support is now at $0.032.
Source: CryptoCompare.com
The MACD on the 2‑week chart (12,26,9) is still bearish. The MACD line is below the signal line. The histogram is negative, showing red bars. That tells you the longer‑term momentum has not yet flipped bullish. However, the weekly MACD is flattening. A cross above zero would confirm a trend change.
Short‑term outlook: If KAS holds $0.032, the next test is $0.035. A break above $0.035 opens $0.040. If the broader market turns bearish, KAS could retest $0.030. The mid‑June deadline is two months away. That gives time for accumulation. The 7% pump this week is an early signal, not the main event.
Overall, Kaspa just did what Bitcoin could not: set a hard deadline for programmable assets. The market rewarded KAS with a 7% weekly pump. The MACD on the 2‑week chart is still negative, but momentum is building. Watch $0.035. That is the first real test.
Read also: Algorand News: 140,000+ Quantum‑Resistant Transactions, ALGO Price Ignores It
Related Articles
Chainlink CCIP pulled $4B from LayerZero in 60 days after a vulnerability disclosure. Kelp DAO moved $1.2B, Lombard $800
Cheeky Crypto says 99% of traders blame HBAR’s price on technology failure. Wrong. The real driver is macro liquidity –
Cardano is evolving from a complex “academic” blockchain into an invisible financial layer. Yoroi becomes SecondFi – a n
Billionaire Mark Cuban sold most of his Bitcoin, saying it failed as a hedge during Iran tensions and dollar weakness. H