Kaspa has lost roughly 38% during 2026, even though its network is more capable than it was near its previous peak. That gap between price and technical progress has created an unusual debate around KAS.
Our Crypto Talk believes Kaspa could offer one of the easiest buying opportunities in the current market. The argument centers on a simple comparison. Investors valued Kaspa near $5 billion when the network processed 1 block per second and lacked smart contract support. Kaspa now processes 10 blocks per second, supports new token standards, and has a larger application layer. However, its market value remains close to $700 million.
The numbers look appealing, although several risks explain why the market continues to value Kaspa so cautiously.
What you'll learn 👉
Kaspa Price Remains Far Below Its Previous Market Peak
Kaspa reached its all time high of $0.2074 during July 2024. Its market value climbed close to $5 billion, which placed KAS among the 25 largest crypto assets.
The Kaspa price now trades near $0.026, which represents an estimated 86% decline from its previous market value. A return to that former valuation would produce roughly a 7x increase from current levels. That figure only measures the valuation gap and does not guarantee that KAS will recover.
Our Crypto Talk still considers such a recovery possible because Kaspa has developed considerably since 2024. The network has become faster and more useful, even as its token price has moved in the opposite direction.
Kaspa Network Upgrades Have Created a Clear Valuation Gap
Kaspa completed its Crescendo upgrade during May 2025. The hard fork increased network speed from 1 block per second to 10 blocks per second. Block times also dropped from 1,000 milliseconds to 100 milliseconds, and estimated capacity reached around 4,000 transactions per second.
The network now supports KRC 20 tokens and KRC 721 digital assets. Kaspa has also recorded more than 600 million cumulative transactions. One particularly busy day during October 2025 produced about 158 million transactions.
Further development could include DAGKnight and the Covenant hard fork. These upgrades are expected to support native assets, programmable covenants, and zero knowledge technology.
Kaspa’s technical progress has not produced a lasting KAS price recovery. Investors still want evidence that developers can turn these upgrades into useful applications, active users, and greater demand for the token.
Why $KAS | @kaspaunchained is the easiest buying opportunity in the market today?
— Our Crypto Talk (@ourcryptotalk) August 13, 2026
The setup in one line:
➠ The market paid close to $5B for $KAS when it ran 1 block per second and had zero smart contracts.
➠ Today it runs 10 blocks per second, has a live token standard and a… pic.twitter.com/TSMK1bX98U
Kaspa’s Supply Structure Removes Future Token Unlock Pressure
Kaspa has one of the cleaner supply structures among large crypto projects. The project had no initial coin offering, premine, venture capital allocation, or team treasury.
More than 27.6 billion KAS tokens are already circulating from a maximum supply of 28.7 billion. This means over 96% of the total supply has entered the market.
Several practical benefits come from this structure:
- Large venture capital unlocks cannot flood the market.
- Team allocations cannot create unexpected selling pressure.
- Future supply growth remains relatively easy to estimate.
- Community members fund development without a large company treasury.
Kaspa still faces concentration concerns because the top 1,000 wallets control about 58.8% of the supply. Large sales from these wallets could place considerable pressure on the KAS price, especially during periods of low trading volume.
Weak Narratives And Miner Sales Have Kept KAS Under Pressure
Crypto capital has moved toward artificial intelligence projects, real world assets, and prediction markets during 2026. Kaspa remains a Proof of Work infrastructure network, which has left it outside several popular market themes.
Kaspa miners also receive fewer tokens each month under the network’s emission schedule. This gradual reduction supports scarcity, although it can hurt mining profitability when the KAS price declines. Less efficient miners may sell their reserves to cover electricity and equipment expenses.
Broader market conditions have also limited demand. Bitcoin volatility and economic uncertainty often push capital away from smaller altcoins. Kaspa can suffer deeper losses because its trading liquidity remains thinner than that of larger assets.
Read Also: We Asked 3 AI Models Which Crypto Could Outperform Bitcoin: Here’s Their Pick
Binance And Coinbase Listings Could Change Kaspa’s Market Access
Kaspa reached a top 25 market position without flagship spot listings from Binance or Coinbase. Our Crypto Talk views that absence as a major unanswered question.
A spot listing on either exchange could improve access, liquidity, and trading volume. However, investors cannot know whether either platform will list KAS. Any Kaspa price outlook that depends entirely on those listings carries considerable risk.
Kaspa already proved that it could reach a multibillion dollar valuation without them. Wider exchange access could become a powerful catalyst, although network adoption remains the more dependable measure of progress.
all you have to do is survive the boring months with $KAS and wait for November 🤔
— Sajad (@SajadCrypto1) August 12, 2026
average kaspa November return is sitting at +133.8% pic.twitter.com/W4NaaMMY1O
Sajad Crypto pointed to Kaspa’s historical November performance as another reason for optimism. His data places the average Kaspa return during November at about 133.8%.
Historical averages can offer useful context, but they do not determine future results. Kaspa’s next move will depend on market liquidity, Bitcoin’s direction, developer activity, miner sales, and demand for applications built around the network.
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