Kaspa price has spent a long time moving the wrong way, even while Kaspa keeps getting praised for technical design. KAS price action can look confusing from the outside because the project still sounds ambitious. The missing piece is not speed, fairness, or architecture. The bigger problem is visibility and volume, which quietly decide whether a proof-of-work network can keep thriving.
That is the core argument from Finance Freeman in a video breakdown. His point is not that Kaspa lacks innovation. His point is that markets reward what gets traded, listed, and used, and Kaspa currently struggles on that front.
Finance Freeman highlights a simple metric that frames the whole discussion. Kaspa sits around a $1.2 billion market cap, while daily volume sits around $19 million. That market cap to volume relationship matters because exchanges earn money from trading activity, not from long-term potential.
He compares Kaspa to smaller coins that still push far more volume. One example he uses is Pingu, which he describes as having a smaller market cap but far higher daily volume. The takeaway is not that meme coins are better. The takeaway is that trading volume creates incentives, and Kaspa currently does not generate enough of it.
What you'll learn 👉
KAS Price Struggles Because Major Spot Listings Need Incentives
Kaspa being a separate layer 1 also makes listing harder. Finance Freeman explains that infrastructure for Solana tokens or Ethereum tokens is already built on most exchanges. Kaspa requires more work, more maintenance, and more integration effort.
A tier one exchange looking at Kaspa sees a business question. Does this asset bring enough volume to justify the effort. Without consistent volume, the relationship becomes one-sided, where Kaspa benefits from exposure while the exchange gains little. That dynamic can slow down major listings, which then feeds back into weaker activity around KAS price.
Proof Of Work Makes Kaspa More Sensitive To Long Weakness
Kaspa is not proof of stake. Finance Freeman spends a lot of time stressing this difference because it changes the risk profile. Proof of work depends on miners paying real costs such as machines and electricity. Low fees and low price do not just hurt sentiment. Low fees and low price can hurt network participation if mining becomes unprofitable for too long.
He mentions Kaspa hash rate sitting around 450 petahashes on a monthly view, yet he also warns that the clock matters when miners remain underwater. Prolonged stress can lead to miners shutting off, which he links to a scenario where block DAG security and stability could suffer.
Finance Freeman also points to Kaspa emission schedule as another factor. He notes token circulation expanded rapidly early on, using an example where supply grew from about 1.3 billion to more than 7 times that within a year. That kind of supply growth can be manageable during a strong run, yet it becomes harder when price trends down.
He connects this to miner behavior. Profitable miners can sell less to cover costs. Underwater miners may need to sell more, which increases steady sell pressure that keeps KAS price struggling.
Marketing And Adoption Decide Whether Kaspa Breaks The Pattern
Finance Freeman suggests two broad paths forward. Kaspa ecosystem can grow through V Progs and real usage that brings demand beyond the existing community. Another path involves continued low attention and low volume, which keeps listings and liquidity weaker, while proof of work costs keep running in the background.
Read Also: Bitcoin (BTC) Price Is Back in Green, but This Chart Says the Crash Isn’t Over
Bitcoin gets mentioned as a counterexample, yet Finance Freeman argues Bitcoin succeeded organically because it was first. Kaspa operates in a market packed with competitors, so silence becomes expensive. Strong tech still needs distribution to survive in a crowded cycle.
Kaspa still has time to change the story, especially if Kaspa ecosystem growth turns into real demand that supports KAS price. Watching whether volume improves and whether real usage expands may reveal the next chapter faster than any single chart ever could.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
