#KAS# Kaspa faces conflicting signals: the price is down (-17% for the week), but the outlook is positive due to the launch of smart contracts on August 31.

The price has dropped by 7% on August (, KAS is testing support at the level of $0.093 with low trading volume.
Smart contracts through Casplex L2 are confirmed to launch on August 31, which will open up opportunities for DeFi and NFT.
Concerns about mining are growing as old Kaspa ASIC devices become less profitable compared to Bitcoin.

Detailed overview

1. Market Indicators

The price of Kaspa has dropped to $0.087 ) on August (, decreasing by 17% over the week, while the trading volume decreased by 33% to $54.2 million. The token has broken below the 9-day moving average of )$0.103( and is now facing resistance in the range of $0.095–$0.10. Data from the blockchain shows that miners are selling KAS for BTC and TAO, which increases selling pressure on the price )Bitcoinist(.

2. Technical Updates

The launch of smart contracts on Casplex Layer 2 ) on August 31, ( is the most anticipated update that will expand the capabilities of Kaspa in the fields of DeFi and NFT. The GHOSTDAG protocol already supports a processing speed of 10 blocks per second with finalization in less than 10 seconds. Developers are creating real-time games and AI applications based on the Kaspa BlockDAG ) Andrew Kasper (.

3. Partnerships and ecosystem

Kaspa has partnered with KII ) on July 31, ( to expand real use-case scenarios, although details are currently limited. PPKAS, the first play-to-earn platform of Kaspa, reached 2.5 million users in July, combining meme culture with mining rewards )PPKAS(.

Conclusion

Short-term difficulties with the price of Kaspa contrast with its long-term technical strategy. Will smart contracts be able to offset the pressure from miners after August 31? Keep an eye on the support level at $0.093 and the activity of L2 developers to understand the further direction.