Main navigation

Kaspa (KAS) up 33% to Lead Altcoin Rally, Here's Reason

Mon, 06/26/2023 - 09:51
article image
Godfrey Benjamin
Kaspa leading altcoin rally as new and impressive tech feature goes live on-chain
Kaspa (KAS) up 33% to Lead Altcoin Rally, Here's Reason
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

With the crypto market receding in terms of its valuation from last week's highs, Kaspa (KAS) is visibly leading the altcoin momentum today. With a growth of 1.34% in the past 24 hours and more than 33% in the week-to-date period, the digital currency has expanded its valuation to a price of $0.02577.

Kaspa growth trigger

Kaspa has made headlines lately for its growth trends, and the current rally is being fueled by yet another impressive milestone associated with the protocol. As it unveiled on its Twitter page, it transitioned from a protocol whose speed was pegged at one BPS to one that now records 10 BPS.

This massive jump in transaction speed may be a game-changer for the protocol as it looks to gain more market share from key competitors in the Web3.0 world, including established Layer 1 protocols such as Ethereum (ETH), Cardano (ADA) and Solana (SOL), among others.

Kaspa has entered a new era where decentralized applications looking to build on it can boast of high performance amid impressive uptime. Another major compliment of the Kaspa upgrade is its low fees, a feature made possible due to its key technological framework, the GHOSTDAG protocol.

Kaspa (KAS) up 10%, Here's What Buyers Are Targeting

The recent revelation has enthralled the Kaspa community and may further drive up the rally that picked up since last week.

Search for cross-market buoyancy

The entire crypto market still has a high dependence on Bitcoin, which controls almost 50% of the combined industry capitalization.

While many cannot wriggle out of their tight correlations with Bitcoin, a key attempt is thus being made to maintain buoyancy so as to print occasional growth devoid of BTC's interference. This inherent need is why protocols like Kaspa are constantly innovating and introducing new products, services and technology that can generally give them a competitive edge.

article image
About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.