The price of Kaspa (KAS), a cryptocurrency project focused on scalability, has seen a recent surge amid growing bullish sentiment.
In the last 24 hours, KAS has risen over 5% to trade around $0.0469 according to data from CoinGecko. This comes after a series of enthusiastic tweets from crypto analysts and traders praising Kaspa’s potential.
Notable crypto trader Sinderella revealed on Twitter that they had been accumulating KAS around $0.041 and $0.042. Sinderella expressed confidence that KAS “will be a top 10 coin in the next bull run,” calling for a “moon shot.”
Another positive tweet came from the official Kaspa News account, which highlighted the project’s plans to rapidly scale its blockchain’s throughput to 100 blocks per second. This would make Kaspa one of the most scalable blockchains while still maintaining decentralization comparable to Bitcoin, according to the tweet.
Finally, analyst Cryptographur pointed to KAS’s chart versus Bitcoin as “the most bullish in crypto.” With KAS still under a $1 billion market cap, Cryptographur suggested there is substantial room for growth if Bitcoin enters another bull market phase.
While the recent price action and social media chatter has sparked excitement about Kaspa’s potential, the long-term viability of the project remains to be seen. As always, cryptocurrency investments carry substantial risk and thorough due diligence is advised. Still, Kaspa appears to be gaining momentum among investors looking for the next altcoin breakout.
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