Kaspa (KAS) has captured the attention of investors as the altcoin achieved its highest value to date. Over the last 24 hours, it experienced a remarkable 19% surge, and in the past week, the increase reached an impressive 66%. Looking at the monthly performance, KAS has exhibited a staggering 90% surge, marking a remarkable 2161% rise since the previous year. Notably, since January 2023, the token has seen an extraordinary surge of over 1520%.
According to data from CoinMarketCap, Kaspa’s (KAS) trading volume has seen a significant uptick of over 95%, accompanied by an 18.9% increase in market capitalization. The trade volume has surged even more dramatically over the past week, registering a remarkable 380% increase. The current market cap of the project stands at just over $1.8 billion.
In terms of token supply, Kaspa (KAS) has a circulating quantity of 21.44 billion tokens, with the maximum capped at 28.70 billion. This indicates that approximately 74.7% of the total tokens are currently in circulation.
Kaspa (KAS) on the Rise
The recent addition of KAS to the Korean exchange Coinone significantly contributed to its surge in price. Additionally, the project’s popularity received a boost through an AMA session held in Japan, where community members had the opportunity to directly engage with team members and inquire about the project.
The future trajectory of KAS remains uncertain. A potential rise to $1 would represent a remarkable growth of approximately 1062%, although such a milestone appears somewhat improbable at the current juncture. There’s also a possibility that KAS might undergo a correction soon. Nevertheless, community members are maintaining a target of at least $0.10 (10 cents).
The performance of KAS, along with other altcoins, may be influenced by the continued rally of Bitcoin (BTC). BTC recently achieved another yearly high, surpassing $36k, and this new 2023 peak for BTC could have played a role in propelling KAS to its own all-time high.