Why Is Kaspa’s KAS Price Up?

The price of Kaspa (KAS) has continued its upward trajectory this week, surging 38% over the last four days. According to enthusiast @KASPAEnthusiast, this latest price action is just the beginning, with a new all-time high potentially on the horizon.

After breaking past the 13 cent mark earlier this week, KAS saw a period of consolidation on the 4-hour timeframe before decisively moving into the 0.137 range. Buoyed by this breakthrough, bulls now have their sights set on breaking into the 14 cent zone.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

Driving Forces Behind the Surge

Fundamentals and on-chain data may provide some clues behind Kaspa’s impressive price performance. As noted by @KASPAEnthusiast, Kaspa recently hit a new all-time high hashrate of 185.61 PH/s, indicating increased activity and interest around the network.

There is also optimism that the hashrate could push above 200 PH/s before the end of February. If achieved, this could serve as a validation of Kaspa’s value proposition and technical merits.

With positive sentiment propelling prices higher in the short-term, Kaspa holders will be monitoring whether this momentum can be sustained over the longer term. The coming days and weeks should provide more evidence one way or the other.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.