Kaspa has been the talk of the town again after KAS price jumped roughly 25% over the past few days, and climbed above $0.035 and pushing its market capitalization back toward the psychologically important $1 billion mark.
Live market data has KAS around $0.036, with its market cap fluctuating around $1 billion as prices move. Trading activity has also increased considerably, with roughly $48–$52 million changing hands over 24 hours.
The milestone is notable because Kaspa hasn’t consistently commanded a $1 billion valuation since the earlier part of 2026. More Crypto Online now believes the recovery could carry KAS considerably higher within its long-running technical structure.
Kaspa Is Back at the $1 Billion Mark
Kaspa’s market capitalization briefly crossed $1 billion during the latest rally, although it continues to fluctuate immediately around that threshold. One recent CoinMarketCap snapshot placed it at approximately $1.002 billion, while other feeds were slightly below $1 billion.
Kaspa’s token distribution makes the valuation particularly straightforward.
Approximately 27.68 billion KAS are already circulating out of a maximum supply of roughly 28.7 billion, meaning about 96.5% of the eventual supply is already on the market. CoinMarketCap currently puts the fully diluted valuation at approximately $1.03 billion.
That means there is relatively little difference between Kaspa’s current market capitalization and its fully diluted valuation compared with tokens that still have large amounts of supply waiting to enter circulation.
The question now is whether KAS can hold its latest gains.
Read also: Kaspa Just Changed What Developers Can Build on KAS
More Crypto Online Sees Kaspa Moving Toward Channel Resistance
More Crypto Online believes Kaspa may be heading toward the upper boundary of its corrective price channel, and his daily KAS/USDT chart shows why the latest rally matters.
KAS has spent an extended period trading inside a large descending channel stretching back into 2024. Price repeatedly produced lower highs while moving toward the lower portion of that structure.
More recently, however, KAS established a low around $0.024–$0.025 and began recovering.
The latest move has carried price through the $0.0299 level, marked on the chart as a 50% retracement. KAS is now around $0.0355 on the chart, meaning buyers have already pushed considerably above that area.
The next major destination in More Crypto Online’s roadmap appears to be approximately $0.042–$0.045. That region coincides with the projected corrective wave (4) and brings KAS much closer to the descending upper boundary.
From $0.0355, reaching $0.045 would represent another gain of roughly 27%.
However, the chart is not calling for a confirmed long-term reversal yet.
More Crypto Online’s Elliott Wave roadmap still leaves open the possibility that a move toward the upper channel boundary completes another corrective advance before KAS eventually turns lower again. His longer-term bearish path even leaves room for another decline toward the lower part of the channel.
That makes the $0.042–$0.045 region particularly important.
If Kaspa reaches that area and eventually breaks through the descending channel, the technical picture would improve considerably. Rejection there, however, would keep the broader corrective structure alive.
For now, Kaspa has accomplished something bulls haven’t seen for months: KAS is back around a $1 billion market cap, price has reclaimed $0.03, and the next major technical test may already be approaching.
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