Kaspa’s KAS coin has surged by 26% per week, making it the top 100 cryptocurrency with the best appearance. This increase surpasses the rest of the market because of Marathon Digital’s new mining interest and faster futures open interest.
In the end, KAS has set itself apart with remarkable performance during a period of difficulty for the broader cryptocurrency market. This illustrates the global bitcoin market’s dynamic and ever-changing nature.
Over the past week, the Kaspa blockchain’s KAS token has surged by 26%. This places it among the top 100 cryptocurrencies in terms of performance.
Even if the cryptocurrency market as a whole has declined, KAS has been rising. KAS has increased while major players like bitcoin (BTC) and ether (ETH) have caused the market to drop by 3.4%. At this point, the price is above 18 cents, not too far from its peak of $0.196.
Marathon Digital’s (MARA) campaign to mine KAS is one factor contributing to the robust success of KAS. They have mined ninety-three million KAS tokens since September. KAS’s reputation has increased as a result of its diversity.
Kaspa makes use of a unique generation called the GHOSTDAG protocol. Compared to traditional approaches, this methodology allows the blockchain to handle transactions more quickly and securely.
A fifty-eight percent increase in futures open interest, to sixty-five million, coincides with the most recent increase in KAS’s charge. In this way, more people are placing bets on KAS’s rate to rise, which further contributes to its upward trend.