Kaspa (COIN: $KAS) has witnessed a notable surge in both market activity and investor interest over the past few months.
Its recent inclusion on Coinone, a leading cryptocurrency exchange in South Korea, has propelled Kaspa into the top 33 cryptocurrencies based on market capitalization.
Since its listing on October 25 in the Korean market, Kaspa has demonstrated impressive performance, outpacing well-known cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as popular meme coins like Dogecoin (DOGE) and Pepecoin (PEPE) during market breakouts.
In the past 24 hours alone, the price of KAS has surged by a noteworthy 28.78%, reaching a peak of $0.092917. Despite a marginal dip in the current price, which is 0.72% below the all-time high, the token continues to exhibit robust upward momentum.
The recent spike in Kaspa’s trading volume, totaling $114,934,098.78 within the last 24 hours, signifies a substantial increase of 121.50% compared to the previous day. This surge reflects heightened market activity, indicating a growing confidence and interest in the Kaspa project.
Distinctively, Kaspa’s consensus mechanism, implemented through the GHOSTDAG protocol, distinguishes it from conventional blockchains. The utilization of parallel blocks that can coexist and be ordered through consensus eliminates block orphans, enhancing security and scalability.
The blockDAG structure enables a high block rate of one block per second, with aspirations to achieve even higher rates of 10 blocks per second and eventually 100 blocks per second.
The Kaspa implementation encompasses various notable features and subprotocols, including Reachability for querying the DAG’s topology, block data pruning, SPV proofs, and upcoming subnetwork support that will facilitate the implementation of layer 2 solutions.
Coinone Listing Drives Kaspa Price Surge
The listing of Kaspa on Coinone has served as a significant catalyst for its recent surge in price. Coinone, with its substantial user base, provides a platform for investors to trade Kaspa against the Korean won (KRW).
This listing has created new opportunities for Korean investors to engage with the Kaspa ecosystem, enhancing its market presence and contributing to its rapid ascent in the market rankings.
Kaspa’s entry into this market has increased visibility and exposure to a wide range of traders and potential investors. The positive response to its listing on Coinone reflects the growing demand for Kaspa in the Korean crypto community.
Looking forward, the successful listing on Coinone and the rise in market rankings suggest further potential gains for the token. The project’s innovative consensus mechanism, coupled with its development of features like subnetwork support and layer 2 solutions, positions it as a blockchain solution with promising growth prospects.
$KAS Price Today
As of now, the current price of Kaspa is $0.087656 USD, and the 24-hour trading volume is $60,927,623 USD. We provide real-time updates for the KAS to USD price. Over the past 24 hours, Kaspa has experienced a 4.37% decrease.
In terms of CoinMarketCap ranking, it holds the #34 position, boasting a live market capitalization of $1,882,799,086 USD. The circulating supply consists of 21,479,418,073 KAS coins, and the maximum supply is capped at 28,700,000,000 KAS coins.
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