2 Main Reasons Why Kaspa (KAS) Price Is Pumping

The Kaspa price again among top crypto gainers with 12% pump today. KAS is now trading just slightly below $0.090 range. But, why is Kaspa pumping while the whole market is sluggish again?

Let’s explore 2 main reasons behind the pump.

Breaking Through the 100 Sats Mark

Kaspa recently broke through the 100 satoshi mark for the first time since February. This is a big deal in the crypto world. When we talk about 100 sats, we mean 100 satoshis, which equals 0.00000100 BTC. People use this to measure how altcoins are doing compared to Bitcoin.

This breakthrough shows Kaspa is gaining strength against Bitcoin. In April alone, KAS went up 30% against Bitcoin. This means Kaspa isn’t just following Bitcoin’s movements – it’s actually doing better.

Some analysts look at something called stock-to-flow models, which measure how scarce a coin is compared to new coins being made. These models suggest Kaspa might grow even more than Bitcoin in the long run. This could lead to bigger price increases as more people recognize its value.

The Crescendo Upgrade Is Coming Soon

The Crescendo hard fork is happening in about two weeks, and things are looking good. Over half of the Kaspa network is already prepared for this change.

The latest data shows that 52.38% of miners are running the new v1.0.0 software. Another source, Kasnodes.com, reports that 57.76% of node agents have already upgraded. These numbers show strong support for the upcoming change.

This upgrade will make Kaspa much faster. The network will go from handling 1 block per second to 10 blocks per second. This makes transactions quicker and allows more people to use the network at once. It is scheduled to activate on the mainnet on May 5, 2025, around 15:00 UTC

The fact that so many miners upgraded early shows people believe in this change. This usually means the switch will go smoothly. Better network performance often attracts more investors, which can push prices up.

If this positive momentum continues, the Kaspa price could very well break the $0.10 level before week’s end. The combination of technical strength and network improvements is creating a perfect storm for KAS price growth in the current market.

Read also: Kaspa Price Set to Soar? Major Upgrades Could Trigger a Bullish Breakout

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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