Turkish investors turned to these projects with the desire for a new ‘Kaspa’!

Turkish investors invest in XNA, RIO and NEXA because they think they may experience a rise like Kaspa (KAS).

The cryptocurrency market continued the rise it experienced in September and October in November. Many altcoins gained attention by achieving sensational rises. In addition, BTC left the rise it experienced until mid-November to calm down in the later days of the month. While BTC remains calm these days, crypto investors are focused on potential gains.

Kaspa wind blew in the rise of the crypto market. Kaspa has increased by more than 250 percent since October 14. Turkish investors started investing in XNA, RIO and NEXA, which they thought had potential like Kaspa.

Turkish influx into cryptocurrencies called ‘Gem’!

These days, when the crypto market is on the rise and many altcoins are gaining remarkable momentum, Turkish investors have set their sights on projects called gems.

Kaspa (KAS) has become an important factor in the gem hunting of Turkish investors. Popular cryptocurrency KAS has increased by 266 percent since October 14. The rise of KAS has increased the appetite of investors. Kaspa emerged as a layer-1 blockchain project.

KAS completed the bull run by rising from $0.042 to $0.15. KAS, which exceeded the market value of 2.5 billion dollars, became one of the most popular cryptocurrencies in a short time. KAS’s daily volume fell 32 percent and hovered just above $85 million.

KAS, which was last listed on Binance’s futures, has excited the appetite of gem hunters. Especially crypto influencers started sharing various cryptocurrencies, stating that it would be the new Kaspa. These cryptocurrencies include XNA, RIO and NEXA. Turkish investors started to turn to these cryptocurrencies, thinking that they missed Kaspa. Interest in the projects increased so much that there were sharp increases between 100 percent and 500 percent.

Turkish investors are here: NEXA

NEXA, the layer-1 blockchain project that attracted attention with the rise of Kaspa, continues to attract Turkish investors.

NEXA attracted attention with its structure with lots of zeros and layer-1 blockchain project. NEXA, which has a PoW structure, also offers mining opportunities. NEXA’s growth also attracted Turkish investors. NEXA increased from $0.000004 to $0.00000825 in the last month. The market value of NEXA, which experienced a 100 percent increase in one month, reached 18 million dollars. NEXA, which is in the high-risk asset class due to its low market value and liquidity, is shown among the potential gems. Turkish investors involved in the project hope that there will be a new Kaspa.

Looking at the NEXA chart, the price must overcome potential resistance points to continue its rise. The most critical resistance point for NEXA appears to be the $0.000009615 region. However, NEXA is trading close to the $0.000008050 support on the current chart. If this zone is won and the price persists, $0.000009615 could be tested. Breaking this resistance point may push the NEXA price to $0.00001156. $0.00001156 seems difficult to exceed. However, if exceeded, NEXA will test $0.00001256 and $0.00001484 respectively. Passing these areas may lead to the emergence of NEXA’s final rise to $0.00001729.

On the other hand, NEXA may decline as investors start taking profits and expectations decrease. If BTC turns the market negative, it will exacerbate the NEXA decline. If NEXA fails to hold on to the nearest support point at $0.000008050, it may retreat to $0.000007150. Losing this zone could push NEXA price to the final support point at $0.000005331.

XNA attracted attention

XNA, the layer-1 blockchain project that attracted attention with the rise of Kaspa, continues to attract Turkish investors.

XNA attracted great attention with its price below $1 and its layer-1 blockchain project. XNA, which has a PoW structure, also offers mining opportunities. XNA’s growth also attracted the attention of Turkish investors.

XNA is up more than 500 percent since the beginning of October. XNA price was around $0.000365 on October 5, and rose to $0.0025 during the day. XNA, which has achieved a sensational increase, attracts investors with the hope that it may become a new Kaspa. XNA, which is classified as a high-risk asset class due to its very low market value and liquidity, is shown among potential gems. XNA’s current market cap is around $16 million. Additionally, XNA achieved $1.12 million in volume in the last 24 hours.

When looking at the XNA chart, resistance points need to be determined because the price is just taking shape. Continuing its potential rise, XNA has not yet encountered strong selling pressure. Therefore, leads can become hard points of resistance. Looking at XNA’s market cap, volume, and potential interest, it seems possible that the price could hit $0.0025. The sighting of this zone and increased buying may push the NXA price to $0.0030.

If XNA’s rise intensifies further, the level of $50 million in market value may be seen. This could push the XNA price to $0.0075. Many investors think that XNA may explode, especially based on the KAS rise.

On the other hand, XNA may decline as the crypto market turns negative and sales increase. XNA, which is currently on a strong rise, may host profit sales. In this case, XNA may drop to $0.002 in a short time. XNA, which will seek support from this region, may retreat to the $0.0015 support if it loses strength. The $0.0015 support is critical for XNA. If this hard-to-break support point is lost, XNA price could drop to $0.0010.

Expectations are high with the issue of tokenization: RIO is on the rise

Another cryptocurrency that attracted great interest from Turkish investors and attracted attention with its project was RIO. RIO offers services in tokenizing real-life products. These days, when the issue of tokenization has gained great importance, RIO seems to have caught the wind of the trend.

RIO transaction volume increased by 40 percent in the last 24 hours, reaching $8.66 million. RIO, whose transaction frequency increased, increased by nearly 20 percent during the day. Additionally, when looking at the chart from a broad perspective, RIO has hosted an increase of more than 400 percent in the last month. While the RIO price was around $0.125 on October 13, it reached $0.63 during the day. RIO, which made a big debut, also attracts interest from Turkish investors.

RIO, which offers real-life tokenization, has great expectations. RIO, which has achieved a sensational increase, attracts investors with the hope that it may become a new Kaspa. RIO, which is classified as a high-risk asset class due to its very low market value and liquidity, is shown among the potential gems. RIO’s current market cap is around $4 million. RIO has a circulating supply of 6,658,515 units. The maximum supply of RIO was determined as 75 million units.

Looking at the chart, the price looks quite inflated. However, RIO increases expectations that it can continue its potential rise with a market value of $ 4 million. RIO is close to the $0.6696 resistance. If this zone is exceeded, RIO price is expected to rise to $0.7028. The $0.7028 resistance is of critical importance. This zone can be seen as the price level where sellers can dominate. Exceeding $0.7028 could push the RIO price to $0.9385. Breaking the strong resistance at $0.9385 could stabilize the RIO price at $1.

On the other hand, RIO may decline as sellers become dominant and market conditions change. RIO price may gain strength from the $0.6095 support if it declines. If this support zone is broken, RIO price could retreat to $0.5873. If $0.5873, which currently indicates a more uptrend, is lost, things will reverse and RIO will look to gain strength at $0.5350. This region is shown as the price level where buyers will concentrate. However, if this zone is also lost, RIO may retreat to $0.47 in a short time.