The Kaspa price pumped 7% today amid the ongoing market recovery and broke a crucial resistance at $0.10. KAS failed to break this level for the past few days, so at first glance, this should be positive news for Kaspa holders.
However, it’s definitely worth noting that Kaspa is being outperformed by other altcoins right now, especially meme coins.
Over the past 24 hours, meme coins like PEPE, FLOKI, BRETT, and even FARTCOIN have seen massive moves. PEPE jumped over 30%. FLOKI is up more than 12% and getting close to a $1 billion market cap. BRETT surged past $0.08 and continues to trend on crypto Twitter. These are not small moves. Meme coin mania might really be back, and it’s pulling in serious liquidity.
So why isn’t Kaspa, a fundamentally strong project, exploding like the rest?
Let’s break it down.
Ok, this time lets break 11 cents and stay above 🔥$KAS #kaspa #KRC20 pic.twitter.com/FQWIv4PeMI
— CryptOG (@realhus2) May 9, 2025
Kaspa recently completed its Crescendo upgrade, a big step forward for the project. It increased block speed from 1 to 10 blocks per second, massively improving throughput and setting the stage for future scaling. This kind of technical progress usually boosts investor confidence, but this time, the Kaspa price barely reacted.
One major reason for this could be the classic “buy the rumor, sell the news” effect. Kaspa’s price already doubled in the weeks leading up to the upgrade, jumping from around $0.057 to over $0.10. A lot of traders likely took profit once the upgrade was confirmed.
Also, Kaspa has never been a hype-driven coin. It doesn’t have the same viral power or meme energy that drives coins like PEPE or FLOKI. That makes it harder for it to pump in these short, momentum-heavy windows. While meme coins get attention from influencers, TikTok traders, and whales looking for quick gains, Kaspa is still flying under the radar.
Looking at the chart, Kaspa finally flipped $0.10 into support. The next short-term targets are around $0.112 and $0.125, but those levels will need strong volume to break. RSI is still in a healthy range, so there’s room for upside. If Kaspa holds above $0.10 and the market stays bullish, another leg up is possible.
Still, when you compare KAS to what meme coins are doing, it feels slow. And in crypto, speed often attracts capital.
The good news for Kaspa holders is that this project has real fundamentals, fast-growing tech, and long-term plans. But in this moment, as the market heats up and speculative money flows back in, it’s the memes that are winning.
Whether Kaspa will catch up, or keep doing its own thing at its own pace,is something to watch closely in the coming days.
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