Previous article Casper price prediction: what next for CSPR after 60% rally in April? Next article THE MEME COIN RECKONING HAS COME NEXT 100x PRESALE? Buy Now Buy Now THE MEME COIN RECKONING HAS COME NEXT 100x PRESALE? Buy Now Buy Now Home Latest Cryptocurrency News Casper price prediction: what next for CSPR after 60% rally in April? Casper price prediction: what next for CSPR after 60% rally in April? By Benson Toti - min read 30 April 2023 Casper Network price rose over 60% in April, hitting a high of $0.060. CSPR traded at around $0.059 at the time of writing, about 6% up in the past 24 hours. While CSPR price is above key support level, here’s the price outlook for Casper Network going into May. Casper Network price rose more than 60% in April as the value of the native CSPR rallied to above $0.060. The cryptocurrency’s price currently sits around $0.059, up 6% in the past 24 hours and nearly 16% higher in the past seven days. However, while the Casper token is one of the standout performers of the last month, it remains off its peak of $1.33 by some huge distance. According to data from CoinGecko, CSPR reached its all-time low of $0.022 in June 2022, meaning traders who took positions at these levels are 164% up on their investment. CSPR at current levels is -95% from the all-time high reached in May 2021. What is Casper Network (CSPR)? Casper Network, a layer 1 blockchain network targeted for enterprise adoption of the blockchain technology. CSPR is the governance token of the Casper blockchain, whose mainnet launched in 2021. As a native token, CSPR has multiple roles in the Casper ecosystem, including network fees, staking rewards and payments as a medium of exchange. The Casper Network has seen multiple projects built on top of its proof-of-stake blockchain. One of the projects on the smart contracts platform is layer 2 protocol Metis that migrated from Ethereum to Casper. Metis looks to boost development of Decentralized Autonomous Companies (DACs). Another project is patent encryption platform IPwe, which targets the creation of a decentralised database system for patent management and licensing. There’s also ACDX, a digital assets exchange for structured products and derivatives trading. Casper price prediction: What next for CSPR? CSPR price 4-hour chart. Source: TradingView Casper’s price could continue to rise into May and potentially break above $0.1. This outlook will materialise if CSPR price consolidates above $0.065, building new momentum for a breakout above $0.080. Above the $0.10 level, significant resistance will be around $0.13, with a bullish Casper price prediction of $0.20 in May. On the downside, CSPR’s outperformance over the past month could see traders eye profit taking deals. Such a scenario will definitely dent the bullish momentum and result in downward action, with a potential slump to $0.025. Share this article Categories Markets Tags Ethereum News Price smart contracts