Kaspa Leads Altcoin Rotation with 12% Pump as CPI Looms

Kaspa (KAS) has emerged as a top performer in the altcoin market, surging by 12% to $0.034.

This price increase comes amidst a broader trend of capital rotation towards smaller-cap cryptocurrencies, with CoinMarketCap's Altcoin Season Index nearly doubling to 43 in September.

However, Kaspa now faces a crucial test as it approaches resistance at the $0.0357 level, which could have significant implications for its price trajectory.

The breakout attempt by Kaspa comes ahead of the US Consumer Price Index (CPI) release on September 11th, which could introduce volatility into the cryptocurrency market if inflation data is higher than expected.