Kaspa Rules The Weekend Top 100 Coin Roster With 63% Rally – Details
November 11 2023 - 10:00AM
NEWSBTC
Kaspa (KAS) has emerged as a notable altcoin, drawing considerable
interest from investors. Notably, the cryptocurrency has achieved
its all-time high, experiencing an impressive 66% increase over the
previous week. Examining the monthly performance charts reveals an
even more substantial upward trajectory, with KAS exhibiting a
remarkable surge of over 90%. Zooming out to a year-long
perspective, the altcoin has witnessed an astonishing increase of
over 2,000%, showcasing its significant growth over this extended
period. Investors are closely monitoring Kaspa as it continues to
showcase strong bullish momentum, reflecting the cryptocurrency
market’s dynamic nature. The rapid and substantial increases in
both short-term and long-term intervals underscore the token’s
potential for high returns. Kaspa Shows Mettle, Pulls Off Its Own
Rally With Bitcoin surpassing the $36,800 threshold and Ethereum
exceeding $2,000, the native token of Kaspa pulled off its own
ascent, rising from approximately $0.070986 to reach an
unprecedented peak of $0.092917. Based on the aforementioned data,
it can be observed that Kaspa is one of the limited number of
tokens now experiencing their highest recorded values. Many
cryptocurrencies registered a significant decline from their
historical peak values following the occurrence of a market
downturn commonly referred to as the “crypto winter.” This period
witnessed the collapse of prominent crypto entities such as Terra
Luna and FTX crypto exchange. Based on the data provided by
CoinMarketCap, it can be observed that the trading volume of
Kaspa’s (KAS) has experienced a significant surge of more than 95%.
Source: CoinMarketCap Additionally, the market capitalization of
KAS has exhibited a notable gain of nearly 20%. Furthermore, there
has been a significant increase in trading volume, with a jump of
around 380% compared to the preceding week. The current market
capitalization of the project stands just above $1.8 billion.
Related Reading: Solana Breaks Past $54 On Steady Price Momentum –
Will SOL Hit $60 This Month? This increase in value positions Kaspa
as a compelling investment option, capturing the attention of those
seeking opportunities in the ever-evolving landscape of digital
assets. As the altcoin landscape continues to evolve, Kaspa’s
impressive performance highlights its resilience and appeal, making
it a noteworthy player in the cryptocurrency market. KASUSDT
trading at $0.089 on the weekend chart: TradingView.com The
inclusion of Kaspa on Coinone’s platform is its initial foray into
the cryptocurrency market in South Korea, granting it significant
visibility among a group of investors who are very interested in
blockchain initiatives and digital assets. The unique GHOSTDAG
protocol, authored by Kaspa, garnered the interest of Korean
traders. Related Reading: Polygon (MATIC) Poised For A Bullish
Surge, Analyst Who Predicted 2021 Fall Says Kaspa Makes Foray Into
South Korea The latest indication of Kaspa’s growing popularity
among cryptocurrency traders and investors is its successful entry
into the South Korean market. As Kaspa develops and realizes its
lofty vision of scalability, security, and practical application,
it appears ready for more expansion. Source: CoinMarketCap KAS’s
future trajectory remains uncertain, with the potential for further
rally or a correction. Reaching $1 would signify a remarkable 1062%
growth, though it seems unlikely currently. The possibility of a
correction looms, despite community members maintaining a target of
at least $0.10. The recent surge in Bitcoin (BTC) to a yearly high
of over $36k may have influenced KAS’s all-time high, suggesting
that KAS and other altcoins could follow BTC’s lead if it continues
to rally. (This site’s content should not be construed as
investment advice. Investing involves risk. When you invest, your
capital is subject to risk). Featured image from Coingecko
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