• Kyber Network Crystal (KNC) has surged on a 900% volume spike.
• Recent Kyber product upgrades have improved market sentiment.
• Traders should closely watch the support at $0.148 support and the resistance at $0.175.

Kyber Network Crystal (KNC) has jumped by nearly 24% to trade around the $0.16 level at press time.

This move stands out in a market that has otherwise struggled for direction.

While many large-cap cryptocurrencies, including Bitcoin (BTC), posted losses, KNC moved higher with strong conviction, and the rally has drawn attention from traders who are now asking what is really driving the price higher.

Heavy trading activity fueling KNC’s price rally

One of the clearest drivers behind the surge is a dramatic increase in trading activity.

KNC’s 24-hour trading volume has exploded by more than 900%, pushing turnover to levels rarely seen in recent months.

Such a sharp rise in volume often signals aggressive short-term participation from traders looking to capitalise on momentum.

This also explains why the price moved largely independently of BTC, which has declined over the same period.

When volume expands this quickly, even modest buying pressure can translate into outsized price moves, and that appears to be exactly what happened with KNC.

Product updates add to positive sentiment

Although no single announcement directly triggered today’s price spike, Kyber Network has been quietly rolling out updates that have helped improve sentiment around the project.

Kyber Network recently highlighted expanded cross-chain functionality on its flagship product, KyberSwap.

As a result, users can now swap assets across 25 different blockchains using liquidity from eight providers in a single transaction.

This kind of convenience strengthens Kyber’s position in an increasingly competitive DeFi landscape.

The team has also introduced a new feature called Smart Exit on Kyber Earn.

Smart Exit allows liquidity providers to automate how and when they exit positions.

Instead of constantly monitoring charts, users can set predefined conditions for profit-taking, risk management, or time-based exits.

The feature is already live on Base and BNB Chain, with more networks expected to follow.

In parallel, Kyber has continued to form new ecosystem partnerships.

A recent integration with Vaultedge brought the USDVE asset onto KyberSwap, unlocking deeper liquidity and improved routing.

Another upcoming integration with Supernova is expected to further expand Kyber’s liquidity reach.

While these updates did not directly cause today’s spike, they help explain why traders are willing to speculate on upside.

Kyber Network Crystal price forecast

From a technical analysis standpoint, the KNC price has broken above its 30-day simple moving average near $0.148.

This level had acted as a cap for weeks, and clearing it helps reinforce bullish sentiment.

Moving ahead, the $0.148 zone has now become the most important support to watch in the near term.

Holding above this level would suggest that the recent breakout remains intact.

If buyers maintain control, KNC could attempt a push toward resistance around $0.175, and a clean break above that area may open the door to further upside.

On the downside, failure to hold $0.148, especially if trading volume contracts sharply, could trigger a quick pullback.

In that scenario, the next area of interest sits near $0.135, where buyers may look to step back in.

• AltSignals is a successful trading service that is highly rated by traders.
• The platform seeks to embrace AI in signal generation, increasing the profitability of traders.
• $ASI, the token powering AltSignals, could claim a 10x gain on the demand for trading signals.

Time has vindicated the future. If there is something that can be predicted with utmost accuracy, it is the increased use of AI. In the trading world, it is the current rather than the future. AI-enabled trading is taking over. No emotions, human errors and fuss. AltSignals ($ASI), a signal trading platform, is finding itself right at this mix. And so, predictions are rife that this is a token to supercharge investors’ earnings in 2024 and beyond.

The rise and rise of AltSignals and its promising future

AltSignals provides trading signals covering areas such as forex trading, commodities, and cryptocurrencies. The signals are provided by an experienced team of traders who are out to transform lives.

A brief look into the platform shows it is a highly successful signal service. Created in 2017 by a team of UK traders, AltSignals has grown quickly to over 52,000 members on Telegram. The win rates are as high as 92%, cementing the signal service as one of the most attractive for investors.

AltSignals is transitioning to deliver even more accurate signals and cover more instruments. Initially, the platform generated signals using an algorithmic tool, AltAlgo. The platform is iterating to an AI-powered platform called ActualizeAI. This is where AI fuses with crypto.

ActualizeAI will be a member-only platform where users own a crypto token to gain access to trading signals. As such, the AltSignals team issued its token, $ASI, to power the AI platform. The token will also offer valued benefits to the users. $ASI holders benefit from the increase in the price of the token.  They also utilise the quality trading signals generated by the AltSignals team.

As more investors join the AI trading service, the demand for $ASI will grow. This could see the token increase in value. More so, $ASI represents a crypto of the future as AI takes centre-stage and trading becomes automated.

AltSignals: The best trading signal services rated by traders

AltSignals is among the few trading signals that traders highly rate. On TrustPilot, the signal service has a top rating of 4.6/5 from 568 reviews. The rating is not by accident.

Besides providing quality signals, the trading signal service offers an in-depth analysis of various assets. This makes the platform popular among novice and experienced traders eager to learn or polish their trading.

Transparency is a highly sought-after alpha factor in signal services. AltSignals releases monthly results showing the trading performance. The team is also available to answer user questions. By upholding transparency, AltSignals backs its results with promise. Traders can verify the trading results, getting a guarantee for their money and time.

$AltSignals:  Is $ASI a 10x potential cryptocurrency?

Having defined what success means in forex trading, $ASI is out to make a statement – become a 10x holding. But how realistic is this potential?

Well, admittedly, few crypto tokens get a chance to rise by such margins. However, it is justifiable to say that projects backed by real-world use cases rise and surpass this margin. AltSignals belong to this category.

A presale success of last year underlined investors are eager to own a slice of the revolutionary platform. This is the clearest signal that AltSignals could be set for a strong surge.

AltSignals’ AI platform is still in the infant stage, and judging its success now is premature. However, altSignals is already a successful platform. Backed by history and a growing community of traders, AltSignals can only plan its failure. Consequently, its token $ASI could make bullish strides, surpassing the conservative 10x gain.

Former BitMEX CEO Arthur Hayes published a prediction for Ethereum. In a post titled “Five Ducking Digits”, Hayes makes the bullish case for the second cryptocurrency in terms of market cap.

Related Reading | Ethereum Bullish Signal: 1.2 Million ETH Exited Exchanges Recently

At the time of writing, Ethereum trades at $3,400 with a 5% profit in the last 24 hours.

As NewsBTC reported, Hayes believes the current financial system began a new phase as a consequence of the war between Russia and Ukraine. The international community imposed sanctions on the former country as a response.

Russia has been cut off from the international financial system, its social elite has been punished, and its gold reserves seized. The Vladimir Putin-led country and other superpowers, Hayes argued in his thesis, will push to dethrone the U.S. dollars as a global reserve currency.

This will lead to higher Gold and Bitcoin prices as people will flee to stores of value, and neutral monetary systems. Hayes’ latest post follows this idea of the global financial crisis that will benefit cryptocurrencies.

Hayes Prediction On Ethereum, Why The Financial Sector Will Embrace It

The former BitMEX argued that Ethereum will see appreciation on the back of two main factors. First, the full deployment of ETH 2.0 capabilities with “The Merge”.

This event will join Ethereum’s execution layer or ETH 1.0 with its consensus layer or ETH 2.0, the Proof-of-Stake blockchain. Set to reduce ETH’s network energy consumption by 99%, it’ll provide the digital asset with a strong narrative: it’ll become ESG-compliant.

In other words, institutions will be able to trade and create investment products based on the cryptocurrency without facing backlash based on its consensus algorithm. When Tesla invested in Bitcoin, the company’s CEO, Elon Musk, had to stop accepting it as a form of payment.

The first crypto is considered a threat to the environment by its detractors.

Post Merge, Ethereum will provide its node validators with rewards for staking ETH and securing the network. This will create another narrative, Ethereum could be deemed a bond for the benefit of the “financial advisors”, for the elite in the financial sector.

Thus, it could see greater adoption. Hayes explained:

(…) paired with ETH 2.0’s ESG-compliant label (another stamp of intellectual ossification), and protocol metrics that are more attractive than the cadre of layer-1 (L1) “Ethereum killers” makes ETH supremely undervalued on a relative basis vs. Bitcoin, fiat, and other L1 competitors.

ETH Holders Will Be The Biggest Winners

“The Merge” will provide stakers, according to data provided by Hayes, with an initial 8% to 11.5% Annual Percentage Rate (APR). As an asset operating like a bond ETH will present new investment opportunities.

A bond is a form of debt created between two parties, a company, government, or in this case the Ethereum network. Beyond a simple price prediction, Hayes invited traders to consider this new possibility as ETH prepares for its upcoming “Merge”. He said:

If you believe that ETH can or should be valued as a bond, then as an investor – given your long-term interest rate and ETH reward assumptions – you should be willing to buy ETH at today’s prices (…)

This trading opportunity, along with the full deployment of its PoS capabilities will attract fresh capital. Money from “ESG-friendly” investors looking for crypto exposure, but unable to obtain as long as PoW is the dominant consensus algorithm. Hayes added:

Sentiment will all change when ETH becomes an ESG-friendly, POS blockchain, which ESG funds can then invest in. This opens up ETH to hundreds of billions of USD worth of fiduciaries who due to ETH’s classification, can now safely invest (…).

Related Reading | TA: Ethereum Trims Gains, $3,200 Is The Key

In the coming months, Hayes believes ETH will outperform in the layer-1 sector. This event could take market share from the “ETH Killers”, such as Cardano, Terra, Avalanche, Solana, and Polkadot.