Kaspa (KAS) has resumed trading above the $0.10 mark after a significant price drop. This article examines the reasons behind the decline and the factors contributing to the project's revival.
Reasons for Price Drop
Kaspa reached an all-time high of **$0.2075 in August 2024**, after which its price fell sharply. This year, it dropped to a low of **$0.055**, representing a loss of over 75% of its value against the dollar.
Community Strength During the Crisis
The price drop served as a test for the Kaspa community. As highlighted by the **Kaspa Daily** account on X, only those who truly believed in the technology stayed during the downturn. Development and engagement did not stop, but rather intensified.
> "One of the best things about Kaspa’s 75% drop from its all-time high against the dollar is that it revealed who genuinely believes in its technology—only the most dedicated community members stayed the course." — Kaspa Report (@KaspaReport) [May 9, 2025]
Crescendo Upgrade and Market Comeback
One of the key reasons why Kaspa managed to bounce back from the $0.05 zone was the **Crescendo upgrade**, which boosted the network’s block speed from 1 to 10 blocks per second, greatly improving performance and scalability. This proved that Kaspa was not just surviving the bear market but was actually growing stronger.
Despite the significant drop that may have seemed fatal, Kaspa built a more resilient network and a committed community. The project is moving forward, anchored by its code and vision.
