The crypto market has once again faced a downturn following Trump's tariff news. However, Kaspa, despite a significant decline, may show signs of recovery due to miner activity and large investor participation.
Mining Activity and Market Bottom
Kaspa's network hash rate has dropped to 840 PH/s, which is half of its peak. This could suggest a market bottom. A positive sign is the increase in fees due to the creation of new KRC-20 tokens.
Kaspa Whale Activity
The KAS/BTC ratio is considerably oversold, indicating an attractive price for Kaspa compared to Bitcoin. A large wallet is accumulating KAS, which could lead to a supply shortage. This could positively impact Kaspa's price.
A Balanced Perspective
Kaspa Report has gathered interesting data on network and whale activity, but it's crucial to consider all risks and draw your own conclusions cautiously. High token concentration among few investors could be a market feature with inherent risks.
Despite the challenges in the crypto market, miner and whale activity in Kaspa suggests recovery potential. Nonetheless, investors should carefully weigh all risks and opportunities.
