CSPR view after a massive April?
CSPR view after a massive April?
The price of Casper Network rose by over 60 % in April and reached a maximum of $ 0.060
The price of Casper Network rose by more than 60 %in April, since the value of the native CSPR rose to over $ 0.060. The price of the cryptocurrency is currently around $ 0.059, which corresponds to an increase of 6 % in the last 24 hours and an increase of almost 16 % in the last seven days.
Although the Casper token is one of the outstanding performers of the last month, it remains at a large distance from its maximum of $ 1.33. According to the data from Coingecko, CSPR achieved its all -time low of $ 0.022 in June 2022, which means that retailers who have entered into this level have invested 164 % more.
cspr is at the current level at -95 % of the all -time high reached in May 2021.
What is the Casper network (CSPR)?
Casper Network, a layer 1 blockchain network that aims to take over the blockchain technology by companies. CSPR is the governance token of the Casper-Blockchain, whose Mainset started in 2021.
As a native token, CSPR has several roles in the Casper ecosystem, including network fees, staking rewards and payments as a medium
The Casper network has seen several projects based on its proof-of-stake blockchain. One of the projects on the Smart Contracts platform is the Layer 2 protocol Metis, which was migrated to Casper from Ethereum. Metis wants to promote the development of decentralized autonomous companies (DACS).
Another project is the patent encryption platform IPWE, which aims at creating a decentralized database system for patent management and licensing. There is also ACDX, an exchange for digital assets for trade in structured products and derivatives.
Casper Price forecast: What's next for CSPR?
CSPR-Prize 4-hour chart. Source: Handelsicht
The price of Casper could continue to rise by May and possibly break over $ 0.1. This outlook will occur when the CSPR price consolidates over $ 0.065 and builds new dynamics for an outbreak of $ 0.080.
above the $ 0.10 mark a significant resistance will be around $ 0.13, with an upward trend Casper price forecast of $ 0.20 in May.
On the other hand, CSPR's outperformance could lead to traders in the last month to consider trading profits. Such a scenario will definitely affect the interest bully momentum and lead to a downward movement, with a possible slump to $ 0.025
Source: Coinlist.me
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