CSPR surged nearly 60% on April 28, climbing into the top 200 cryptocurrencies ahead of the Casper 2.0 launch on May 6.
By Parth Dubey
Editor Julia Sakovich
Updated
2 mins read
Casper Network CSPR $0.0160 24h volatility: 56.7% Market cap: $209.12 M Vol. 24h: $134.61 M is witnessing a remarkable rally, trading at $0.016 after jumping nearly 60% in the last 24 hours. According to CoinMarketCap, the token’s trading volume surged by 2,500%, reaching $121 million.
This major rally has pushed CSPR into the top 200 cryptocurrencies by market cap, securing the 192nd spot with a market cap of $211 million. The rally comes just ahead of the highly anticipated Casper 2.0 launch, scheduled for May 6.
Casper 2.0 introduces an upgraded Highway Protocol, which is faster, lighter, and more efficient. Smart contracts have also been enhanced for better speed and reduced gas costs.
Moreover, Casper is moving towards flexible staking mechanisms and reduced validator requirements, making the network more accessible and efficient.
Casper Labs described the upcoming upgrade as “more than an upgrade — it’s a leap forward for the Casper Network and a defining step toward bridging the real-world economy with Web3”.
🎉THE WAIT IS OVER! Casper 2.0 is going live on May 6! 🎉
After months of anticipation and hard work, Casper 2.0 is ready to launch on May 6, and we couldn't be more excited! 🙌
Casper 2.0 is more than an upgrade —it’s a leap forward for the Casper Network and a defining step… pic.twitter.com/z9UTRuhOxd
— Casper (@Casper_Network) April 22, 2025
Several crypto community members are sharing the excitement surrounding the launch. Crypto researcher Nick commented on X that the surge in CSPR’s price reflects growing confidence in the project’s new leadership.
For anyone asking why $CSPR pushed so much today, it's because people are realizing that the new team in charge of Casper is not slowing down.
We have watched as the @Casper_Network has completely shifted focus and started pushing major updates.
I stated before that the names… https://t.co/BDUj4lfjh3
— Nick | Crypto Crusader (@NCashOfficial) April 28, 2025
He declared that the Casper 2025 takeover has officially begun.
Meanwhile, ChatGPT recently ranked Casper 2.0 as the most technically advanced blockchain currently operational. This buzz coincides with a major spike in global searches for “Casper Coin”, as per the data by Google Trends.
Earlier today, crypto analyst CryptoSniper predicted that CSPR could soon target the $0.023-$0.025 price range.
And now target price 0.023-0.025 $CSPR$CSPR 2.0 Launch at 6 may 2025
This time no late to buy and Hold$CSPR best blockchain this year and future https://t.co/OHdlilTzXO pic.twitter.com/qHFe9UXn3H— CryptoSniper_Id (@ibionicstore) April 28, 2025
He suggested investors act swiftly ahead of the official launch, calling Casper “the best blockchain this year and for the future.”
Interestingly, Casper (CSPR) has broken out of its 2-month long falling wedge pattern on the daily chart. The price has surged dramatically from $0.009976 to touch a peak of $0.023, confirming a strong breakout.
The RSI currently stands above 81, indicating that the token is in the overbought territory, which could lead to a short-term pullback. In case of a retracement, the immediate local support is found around $0.0097.
However, a breakout above the $0.0186 resistance would confirm continued bullish momentum.
CSPR price chart | Source: TradingView
The Bollinger Bands have also widened significantly, supporting the bullish outlook. If CSPR manages to reclaim the $0.025 mark, it could potentially lead to a larger impulse wave targeting the $0.10 range.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
