Casper Network Surges 60% Ahead of Major 2.0 Upgrade
The Casper Network (CSPR) is making waves in the cryptocurrency world, soaring nearly 60% in the past 24 hours to trade at $0.016.
The blockchain project experienced a trading volume surge of 2,500% that launched its total market capitalization into the top 200 cryptocurrencies, according to CoinMarketCap data. Currently, Casper occupies position 192nd on the list with $211 million market capitalization because investors expect major changes from Casper 2.0 upgrade on May 6.
The Casper 2.0 update sets new standards by optimizing the Highway Protocol to process transactions faster while reducing power consumption and achieving better efficiency. Upgraded smart contract features help runs faster while making transaction fees more affordable.
Casper Aims to Simplify Staking and Lower Barriers
Casper wants to make staking simpler and reduce validation barriers to enable more people to join and use its platform. As the main builder, Casper Labs explains that this update marks a significant progress both for the Casper Network and its mission to connect Web3 with real economic activities.
Starting today, many community members show their support for the new project. The Casper 2025 leadership takeover has began, according to crypto researcher Nick, whose X post stated this clearly.
According to ChatGPT evaluation, only one existing blockchain performs better than Casper 2.0 technically. Search data from Google Trends showed people worlwide becoming more interested in learning about Casper Coin.
Key Support and Resistance Levels for Casper Identified
Technical analysts are equally bullish. According to CryptoSniper, the market expert, CSPR prices could evolve toward $0.023 and $0.025 in the near future, which is why he recommends investors to act without delay. According to him, Casper provides the best blockchain technology for both current and future years.
The market price movement suggests buyers are still optimistic about Casper. CSPR rose from $0.009976 after escaping its falling wedge trend during two months to reach $0.023 before falling back. RSI values above 81 indicate CSPR is heavily overvalued, which sets up a strong possibility of short-term decreases in price.
The first sign of support appears at $0.0097 but buyers need to break $0.0186 to demonstrate market direction change. The growing space between Bollinger Bands means market participants expect greater price fluctuations.
According to market experts, CSPR would start an impressive momentum upward towards $0.10 if it surpasses $0.025. Followers of Casper 2.0 keep an eye on its advancement to establish itself among blockchain networks.
