Few things in the world of cryptocurrencies are as exciting as a new altcoin project that attracts the community’s attention. One such startup generating news is Kaspa (KAS), which is ranked 188th by market capitalization. Kaspa, a lesser-known altcoin in the crowded cryptocurrency market, has distinguished itself as a real contender after taking inspiration from Bitcoin’s ground-breaking ideas.
KAS was emerging as the only cryptocurrency in the top 200 currencies reported by Coingecko with such a large rise at the time of writing, trading at $0.0131, up an amazing 84.5%. KAS has gained 7% over the last 24 hours after only losing 0.5% in the previous hour. According to most recent statistics, the altcoin’s market value is presently $220.4 million.According to statistics from TradingView, the total market value of all cryptocurrencies as of this writing is $1 trillion.
KAS has been on a great run, rising by an incredible 137% over the last 30 days. The cryptocurrency has also done well over the past two weeks, rising by 84%.
Investors in Kaspa aren’t in a rush to take gains right now, despite signs that the cryptocurrency market is slowing down following a strong start to the year. KSA’s 24-hour transaction volume is at $3.7 million.
The GHOSTDAG protocol is used by the proof-of-work (PoW) cryptocurrency known as Kaspa. Many intriguing characteristics of the Kaspa token include the capacity to pay for products and services, lower trade costs, voting rights, and governance privileges.
Around 17 billion KAS coins are now in circulation, according to CoinStats. The maximum supply is the same at 17 billion units.
While Kaspa has a far higher scaling capacity than Bitcoin (BTC), it offers the same degree of security. The scalability of Kaspa (KAS) is unsurpassed by other PoW blockchains.
Kaspa asserts to be the quickest and most scalable rapid confirmation transaction layer on top of a proof-of-work architecture. The novel blockDAG-structured ledger may be quickly updated with all the transactions delivered to the miners.
Others offer different qualities, like as privacy or smart contract capabilities, while other altcoins are intended to address certain issues with Bitcoin, such as transaction speed or energy usage. During the last several years, altcoins have grown in popularity, and there are now hundreds of different altcoins available for trade on cryptocurrency exchanges. Like with any investment, it is essential to do your homework and comprehend the possible risks and benefits before investing in cryptocurrencies.
On March 8, 2023, the price of Kaspa is anticipated to rise by 32% and reach $ 0.0176, based on CoinCodex’s most recent price prediction. The technical indicators for the coin show a bullish trend, while the Fear & Greed Index is at 51. (Neutral).
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