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Google cloud has recently said that they will be partnering with Casper as per their web 3 partnership - 2
CSPR is currently observing a bearish consolidation. It has seen a drop of 0.87% in BTC pair
Casper is one of the first proof of stake blockchain whose mainent went live on MAR 2021. It is designed to make blockchain and Dapps scalability and adaptability faster. As per their white paper they are optimized for both enterprise and individual solutions. Casper also has a future proof design with upgradable smart contracts.The protocol also uses a finality mechanism, which ensures that transactions cannot be reversed once they have been confirmed. CSPR PoS algorithm, helps the network process a much larger number of transactions per second than PoW-based cryptocurrencies. CBC is also one of the remarkable features of the network. It allows adoption of blockchain services on all enterprise levels.CSPR has less ROI as compared to others but can observe a strong growth in the future. Meanwhile Google cloud has recently announced a partnership with the Casper labs.
Casper has a market cap of $383,471,862 and is ranked 99th in the cryptoverse. CSPR volume has seen a decline of 25% in intraday session. Volume to market cap ratio of asset price is near 0.0155 suggesting a consolidated trend in price.
Are Bulls And Bears Of CSPR Are Tired?
The weekly technical chart of the CSPR suggests a consolidated trend in price. It has been consolidating in the daily chart. CSPR is currently trading near the value of $0.035 with a drop of 2% in the intraday session. Meanwhile the resistance of the asset price can be seen near the value of $0.075.CSPR support can be observed near the value of $0.02.It is currently trading below the 50 and above 100 Daily Moving Average.There can be a negative crossover in the future which can push the asset price to a new low in the future.
RSI of the asset price is near 44 suggesting its presence in the neutral zone. There is a small positive slope suggesting an upside trend in price.
Conclusion
CSPR has recently partnered with Google Cloud which can push the asset price in future. Various analysts are expecting a strong upside trend in CSPR in future.
Technical Levels
Major Support:$0.02
Major Resistance:$0.05
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/03/26/casper-price-prediction-2023-will-cspr-hit-0-1-this-year/