CSPR Price Surges 60% Ahead of Casper 2.0 Launch on May 6
Casper Network's token, CSPR, has surged nearly 60% to $0.016 in the last 24 hours, with trading volume increasing by 2,500% to $121 million. This rise places CSPR at 192nd among cryptocurrencies by market cap, totaling $211 million.
The rally precedes the Casper 2.0 launch on May 6, which will feature:
- Upgraded Highway Protocol for improved speed and efficiency
- Enhanced smart contracts to lower gas costs
- Flexible staking mechanisms and reduced validator requirements
Casper Labs describes this upgrade as crucial for connecting the real-world economy with Web3. Community interest is high, with notable figures highlighting confidence in new leadership and technological advancements.
Recent predictions suggest CSPR may target a price range of $0.023-$0.025 post-launch. The token has broken out of a two-month falling wedge pattern, rising from $0.009976 to a peak of $0.023, with an RSI above 81 indicating potential overbought conditions.
If CSPR surpasses resistance at $0.0186, bullish momentum may continue, with potential targets up to $0.10 if it reclaims the $0.025 level.
CSPR price chart | Source: TradingView