Casper (CSPR) Price Explodes as Casper 2.0 Hype Builds
Casper Network’s native token, CSPR, has officially woken up. After months of slumber, CSPR skyrocketed more than 170% in just 10 hours, reaching an intraday high of $0.023 — a level not seen since late 2024.
At the time of writing, the token has cooled to about $0.0163, but still holds an impressive 60%+ daily gain. The token’s sudden revival has been driven by extreme trading activity, with 24-hour trading volume surging over 3,000%, pushing daily volume near $142 million and lifting its market cap to around $213 million.
What’s fueling the pump? All signs point to the upcoming Casper 2.0 upgrade, scheduled for May 6. The update promises major network improvements like faster transaction speeds, better security, and a more developer-friendly environment — a bold move aimed at bringing more real-world businesses into Web3.
The excitement isn’t just on spot markets. Futures open interest for CSPR has spiked to $6.6 million, the highest in five months, while positive funding rates suggest bulls are firmly in control. On-chain data also shows $1.7 million in CSPR leaving exchanges over the weekend, a bullish signal indicating long-term holding.
Technically, CSPR has broken out of both a long-term descending channel and a wedge pattern that capped its growth for months. If buyers push the token above $0.025, analysts believe $0.10 could be a realistic target — though RSI indicators warn that a short-term pullback might come first.
Adding to the optimism is the recent reshuffling of Casper’s leadership team, aiming to overcome past delays and rebuild trust. Sentiment on platforms like CoinMarketCap is now overwhelmingly bullish, with 92% of traders predicting further short-term gains.
After launching its mainnet in 2021 as a proof-of-stake blockchain using the Casper CBC standard, Casper Network seemed to have faded into the background. But now, the project — and its community — look more energized than ever as Casper 2.0 looms just days away.
The coming weeks could define whether CSPR’s breakout becomes a lasting rally or just a temporary spike.
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