Kaspa (Kas) Price jumps by 13% and today leads the top winners
Kaspa (Kas) Price jumps by 13% and today leads the top winners
- kaspa (kas) price rose strongly when Bitcoin was traded over $ 88,000
- The increase of 13 % for Kas places it among the top winners today.
- The price of Kaspa could target 0.2 $ at short notice.
Kaspa (KAS), a proof-of-work cryptocurrency that the innovative Ghostdag protocol uses, has risen by 13 % in the last 24 hours and is the biggest winner among the 100 largest cryptocurrencies after market capitalization.
This increase comes in the middle of a wider market, since Bitcoin (BTC) has increased over $ 88,000 and show top altcoins signs of new momentum.
The increase indicates that Kaspa’s unique blockdag technology, which enables parallel block creation for faster transactions, continues to attract the interest of investors.
kaspa price today
At the time of writing on April 22, 2025, the price of Kaspa is around $ 0.091, with a double -digit increase in 24 hours.
Remarkably, the price of the old coin has risen by 48 % in the past two weeks and has reached an intraday high of over $ 0.092, the highest level since the beginning of March.With a market capitalization of around $ 2.4 billion, KAS is currently taking 37th place worldwide.
In the meantime, the trading volume has increased by over 80 % and has reached $ 115 million, which indicates a strong market interest.
Despite the always high price of KAS of $ 0.2075 from August 2024, today's performance suggests that Kaspa wins on trip again.
The ability of the coin to process several blocks per second that aims at 10 or even 100 underpins their attractiveness for investors who are focused on scalability.
Bitcoin helps the bull higher
The rise of Bitcoin over $ 88,000 has sparked optimism throughout the cryptomarkt and offers old coins like Kaspa tailwind.
The resilience of the OG crypto, which is powered by positive sentiment in terms of institutional adoption and potential regulatory changes in the United States, has increased market growth.
Admittedly, other top altcoins, including Dogecoin and Iota, have also recorded profits last week. However,kaspa leads the group among the 100 largest after market capitalization. Your proof-of-work model, which resembles Bitcoin, positions you as the beneficiary of the bullish fluing from Btc.
In addition, Mining of Kas-Token has connected the future of Kaspa to the wider Pow ecosystem since September 2023, which increases its credibility and interest of investors.
kas price analysis
Technical indicators show a bullish outlook for Kaspa.
A look at the daily diagram shows that KAS broke out over the resistance of $ 0.089, which now acts as support, with the next goals at $ 0.106 and possibly $ 0.15
The possible double floor pattern combines with bullish indications of the relative strength index (RSI) and the moving averse convergence divergence (macd).
the latter shows a Bullish crossover that indicates further upward potential.
Nevertheless, volatility remains a risk that could hinder a short -term increase to $ 0.2. But if buyers keep the momentum, this obstacle could give way to an extended rally.
The contribution Kaspa (KAS) Price jumps by 13 % and leads the top winners today first appeared on Coinjournal.