- Kaspa (KAS) price rose sharply as Bitcoin traded to above $88k
- The 13% soar for KAS places it among the many prime gainers in the present day.
- Kaspa price might goal $0.2 within the brief time period.
Kaspa (KAS), a proof-of-work cryptocurrency leveraging the progressive GHOSTDAG protocol, has surged 13% within the final 24 hours, making it the highest gainer among the many prime 100 cryptocurrencies by market cap.
This rally comes amid a broader market upswing, with Bitcoin (BTC) climbing above $88,000 and prime altcoins exhibiting indicators of renewed momentum.
The surge suggests Kaspa’s distinctive blockDAG know-how, which permits parallel block creation for sooner transactions, continues to draw investor consideration.
Kaspa price in the present day
As of writing on April 22, 2025, Kaspa’s price is roughly $0.091, with a double digit improve in 24 hours.
Notably, the altcoin’s price is up 48% prior to now two weeks and reached an intraday excessive above 0.092, its highest degree since early March.
With a market cap of round $2.4 billion, KAS at the moment ranks thirty seventh globally.
In the meantime, the buying and selling quantity has spiked by over 80%, reaching $115 million, a situation that alerts robust market curiosity.
Regardless of KAS price being properly under its all-time excessive of $0.2075 from August 2024, in the present day’s efficiency suggests Kaspa is regaining traction.
The coin’s means to course of a number of blocks per second, aiming for 10 and even 100, underpins its attraction for scalability-focused traders.
Bitcoin helps bulls larger
Bitcoin’s climb above $88k has ignited optimism throughout the crypto market, offering a tailwind for altcoins like Kaspa.
The OG crypto’s resilience, pushed by optimistic sentiment round institutional adoption and potential U.S. regulatory shifts, has lifted market confidence.
Granted, different prime altcoins, together with Dogecoin and IOTA, have additionally posted good points over the previous week.
Nevertheless, Kaspa leads the pack amongst 100 largest by market cap. Its proof-of-work mannequin, akin to Bitcoin’s, positions it as a beneficiary of BTC’s bullish momentum.
I’m addition, MARA’s mining of KAS tokens since September 2023 additional ties Kaspa’s fortunes to the broader PoW ecosystem, boosting its credibility and investor curiosity.
KAS price analysis
Technical indicators level to a bullish outlook for Kaspa.
A take a look at the each day chart exhibits KAS breaking above the $0.089 resistance, now appearing as assist, with the subsequent targets at $0.106 and probably $0.15.
The attainable double backside sample combines with bullish indications from the Relative Power Index (RSI) and the Transferring Common Convergence Divergence (MACD).
The latter exhibits a bullish crossover, signaling continued upside potential.
Nevertheless, volatility stays a threat, which might hinder a brief time period surge to $0.2. But when consumers maintain the momentum, this hurdle might give method to an prolonged rally.
The put up Kaspa (KAS) price jumps 13% to steer prime gainers in the present day appeared first on CoinJournal.