Kaspa (KAS) network has seen remarkable growth in recent days following the successful launch of its KRC-20 tokens. The network, typically processing around 30,000 transactions per day, experienced an over 400-fold increase in transaction volume during the KRC-20 rollout. This influx of activity highlights the growing demand for Kaspa’s scalable and efficient infrastructure, positioning the project as a significant player in the blockchain ecosystem.
KAS Key Statistics
Current Price: $0.17 Market Cap: $4.26 billion Trading Volume (24h): $57.46 million Circulating Supply: 24.73 billion KAS Total Supply: 24.73 billion KAS CoinMarketCap Ranking: #21 Kaspa’s price is currently down by 4.25% from the highest price points in the past 30 and 7 days. However, it has surged by 22.46% and 8.83% from the minimum price during the same periods, indicating a strong recovery. The network is showing robust growth potential, with over 80,000 unique addresses participating in the KRC-20 token launch, underscoring high demand for Kaspa-based tokens.
KAS/USD Market Analysis
Key Levels: Resistance: $0.20, $0.22, $0.25 Support: $0.15, $0.14, $0.12 The KAS/USD chart reflects a bullish market structure. Currently trading at $0.17, the price has moved above the middle Keltner Channel (KC), which indicates continued positive momentum. The Moving Average Convergence Divergence (MACD) is showing a bullish crossover, with the blue line crossing above the signal line, suggesting a potential upward rally. If Kaspa continues its current trend, it could soon test the $0.20 resistance level. Beyond this, a breakout above $0.22 could propel the price towards $0.25, aligning with previous highs. On the downside, support lies around $0.15, with additional levels at $0.14 and $0.12 in case of a pullback.
Kaspa’s 10 BPS Milestone and Future Prospects
With the success of the KRC-20 token launch, Kaspa’s next development phase promises even greater scalability. The network plans to reach 10 blocks per second (BPS) early next year, further enhancing transaction throughput and efficiency. The recent increase in transaction volumes and the 21 million $KAS collected in fees demonstrates Kaspa’s profitability for miners, which is likely to attract more participants to the network. If the current bullish sentiment continues, Kaspa could see sustained price growth, reaching beyond $0.22 in the coming weeks. The network’s scalability and efficiency put it in a strong position for future advancements, making it a key player in the blockchain space.
Kaspa (KAS) is demonstrating significant network activity and future potential following the successful launch of KRC-20 tokens. The network continues to show strong momentum, positioning it as an important player in the blockchain ecosystem.
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