KASTA (KASTA) crypto: How high can it go after its recent rally?

Highlights

• Kasta (KASTA) is primarily a next-generation peer-to-peer (P2P) payment platform, which acts as an alternative to mainstream mobile payment services.
• Built on the Polygon network, KASTA allows the users to seamlessly send and receive cryptos freely and instantly.
• Ranked 3100 as per the market cap, the Kasta token was trading at US$0.353510 with a trading volume of US$1,472,565 over a day.

Kasta (KASTA) is primarily a next-generation peer-to-peer (P2P) payment platform, which acts as an alternative to mainstream mobile payment services. Built on the Polygon network, KASTA allows the users to seamlessly send and receive cryptos freely and instantly.

Founded by the trio of Carl Roegind, Sebastian Appelberg, and Hans-H Lusmagi, the KASTA network provides wallet services that offer users easy swap facilities irrespective of whether use fiat or cryptos. 

On 4 March, the token was witnessing gains of over 35% and a volume spike of over 250%.

Also read: Why Goldfinch Crypto (GFI) is a unique crypto lending interface?

Why is Kasta rallying?

Although the exact reasons for the Kasta rally are still not clear, the token has been gaining traction ever since it signed up with Ralph Boschung’s F2 car.

Several cryptocurrency projects have been venturing into Formula One and Formula Two space. Crypto.com has signed up with Formula one as the inaugural global partner of the F1 Sprint series. Similarly, Bybit signed up with RedBull Racing recently in a US$150-million deal.  

Now with the Ralph partnership, the Kasta has expanded its services to even the sports fanatics who are actively into cryptos. On Thursday, Kasta team had tweeted the pictures of the Ralph car which has been well received by the audience.

Kasta allows even passive crypto followers to participate and send and receive cryptocurrencies. As a secure network, Kasta maintains the record of the transactions and verifies them to ensure smoothness.

How is Kasta faring?

Ranked 3100 as per the market cap, the Kasta token was trading at US$0.353510 with a trading volume of US$1,472,565 over a day. Kasta token was up by 41.80 with a fully diluted market cap of US$547,319,459 and 1,500,000,000 KASTA coins in circulation.

Also read: 3 Upcoming Crypto Airdrops to watch out in March

The KASTA tokenomics suggest that it intends to 10.35% to exchange listing, 8.94% to product, 32.29% to project marketing, 11.33% to operations, 27.07% to development and the rest to legal.

Conclusion

Kasta has been on a bull run following the latest development. It has gained over 54.6% in terms of value in the last one week, and 13.5% in the last 14 days, as per CoinGecko. According to the project’s roadmaps listed on the website, it suggests that it will be working on the smart contract development and beta testing.

The future plans seem to have impressed its followers, but for a stable run, the investors might have to wait for some time. As cryptos are so volatile at the moment, market participants need to be careful before investing in any token.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.