The proof-of-work cryptocurrency Kaspa (KAS), which uses the GHOSTDAG system, has seen a noticeable increase in market activity and investor interest in recent months.
Kaspa has surged into the top 33 cryptocurrencies based on market capitalization thanks to its recent listing on Coinone, one of the largest cryptocurrency exchanges in South Korea.
Kaspa has outperformed well-known cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as well as well-known meme coins like Dogecoin (DOGE) and Pepecoin (PEPE) amid market breakouts since its launch on October 25 on the Korean market.
Kaspa (KAS) Price Breaks Records: 105% Surge Outshines Bitcoin,Kaspa (KAS) Price Breaks Records: 105% Surge Outshines Bitcoin
KAS Token Prices Explode, Reaching a Record High
The price of KAS has risen by an astounding 28.78% in the last day, peaking at $0.092917. The token’s price is currently 0.72% below its peak, however it is still rising strongly despite this little decline.
The volume of trade for Kaspa has increased significantly in the last day, rising to $114,934,098.78 from the previous day. This is a significant rise of 121.50%. This spike in activity is an indication of increased market confidence and interest in the project.
Notably, Kaspa differs from traditional blockchains due to its consensus method, which is carried out via the GHOSTDAG protocol. Block orphans are eliminated by using parallel blocks that may coexist and be arranged by consensus, improving security and scalability.
With plans to someday achieve even greater rates of 10 blocks per second and 100 blocks per second, the blockDAG structure allows for a high block rate of one block per second.
A number of noteworthy features and subprotocols are included in the Kaspa implementation, such as block data pruning, reachability for querying the topology of the DAG, SPV proofs, and future subnetwork support that will ease the deployment of layer 2 solutions.
Listing of Kaspa Coinone Causes Price Increase
The current price spike of Kaspa can be attributed to its placement on Coinone. With a large user base, Coinone offers investors a venue to trade Kaspa against the Korean won (KRW).
With this listing, Korean investors now have more opportunities to engage with the Kaspa ecosystem, increasing the company’s market presence and speeding up its rise in the rankings.
Since Kaspa entered this market, it has been more visible and exposed to a larger group of dealers and possible investors. The enthusiastic reception to its Coinone listing indicates the rising interest in Kaspa among the Korean cryptocurrency scene.
Kaspa (KAS) Price Breaks Records: 105% Surge Outshines Bitcoin,Kaspa (KAS) Price Breaks Records: 105% Surge Outshines Bitcoin,Kaspa (KAS) Price Breaks Records: 105% Surge Outshines Bitcoin , Kaspa coin Crypto news, Kaspa coin News