Kaspa Gains Traction as Blockchain Solution for Energy Registries
The Kaspa cryptocurrency is gaining traction as a potential solution for energy and commodity certificate registries in the GCC. The project, led by KII and ZETA, aims to utilize blockchain technology for auditable record keeping. This collaboration has sparked interest among investors, with some viewing it as a significant real-world use case for Kaspa.
The Dii Desert Energy Leadership Summit is scheduled from September 29 to October 1 in Istanbul, where ZETA will be participating as a partner. Rory O'Neill, a member of the KII board of directors, will be speaking at the event. This industry forum provides an opportunity for blockchain energy infrastructure to be discussed.
The current price of Kaspa is under pressure, trading near $0.0255 after forming lower highs in relation to a downward resistance trend line. The support level between $0.0240 and $0.0250 is being tested, with momentum indicators showing potential for further drops before a relief bounce.
CoinCodex's 1-month Kaspa price prediction points to $0.03289, indicating a cautiously bullish near-term outlook if the current support zone holds.