- Long-Term Holders Are Holding Strong
- Increasing Exchange Balances for Kaspa
- Potential for Further Growth
Kaspa (KAS), one of the emerging cryptocurrencies this year, continues to impress the market with steady growth. Over the past six months, its native token KAS has surged by more than 16%, and since the start of the year, it has jumped a significant 54%.
Long-Term Holders Are Holding Strong
This sustained upward trend has attracted a loyal base of long-term holders. According to data from Kaspalytics, a staggering 48.50% of Kaspa's circulating supply hasn't been moved in the last six months. Even more impressive, 7.03% of the supply hasn't moved at all in the last 2 years, showing strong confidence among investors that the token has more potential gains ahead.
Increasing Exchange Balances for Kaspa
In parallel, exchange balances for KAS have been climbing. The total balance of KAS tokens on exchanges increased from a low of 2.19 billion KAS earlier this month to a current 2.98 billion KAS. This rise in exchange holdings might indicate more trading activity and growing interest from both retail and institutional investors.
Potential for Further Growth
As Kaspa continues to gain traction, the long-term holder confidence and increasing exchange balances highlight the potential for further growth in the months to come.
Kaspa demonstrates steady growth and attracts attention from both long-term holders and new traders. The cryptocurrency's further development and potential are worth watching in the face of growing trust and market activity.
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