The price of the Kaspa (KAS) cryptocurrency reached a historic high last week, increasing by 32.10%, which exceeded the overall growth of the cryptocurrency market, which averaged 6.70%.

At the time of writing, KAS was trading at $0.1888, which is 12.84% above the intraday low. This significant price increase is the result of a prolonged series of increases not seen since October-November last year.

Over the past 24 hours, the trading volume of KAS has increased significantly by 186.50%, reaching $115,381,070. This surge in activity indicates an increasing interest in Kaspa, which is confirmed by the setting of a new record high at $0.1894. At the same time, the market capitalization increased to $4,277,352,844, an increase of 14.55%.

The increase in the price of Kaspa to a new historical high attracted the attention of investors and analysts. The token ability to overcome the $0.18 level has put it on a par with other major cryptocurrencies such as Cosmos (ATOM) and Theta (TAO). Some members of the crypto community predict that in the future the token may enter the top ten largest cryptocurrencies by market capitalization.

Kaspa's success is based on the innovative use of blockchain technology, which combines proof of work and the GHOSTDAG protocol. This new protocol allows blocks to be accepted simultaneously, eliminating the problem of unattended blocks and providing faster transaction processing.

Currently, Kaspa creates a new block every second, with the aim of achieving ten or even a hundred blocks per second in the future, which can radically change the idea of the effectiveness of the blockchain.

To support rapid growth, the Kaspa team has implemented several features aimed at improving network performance, including availability checks, data block cleanup, and SPV proofs. Subnet support also opens up opportunities for further improvements that can increase the security and efficiency of transaction processing.

According to the analysis of KAS/USD, the relative strength index (RSI) on the 4-hour chart indicates an overbought asset and a possible correction. However, the movement of the moving average convergence indicator (MACD) above the signal line suggests positive dynamics in the short term, which indicates a possible continuation of the growth of the KAS price.