Kaspa (KAS) Surges Over 32% This Week Amid Positive Market Sentiment

The mid-cap altcoin sector, led by Kaspa, is experiencing bullish momentum as Bitcoin surpassed $100k for the second time in 2025. The pro-crypto U.S. President-elect Donald Trump's upcoming inauguration has boosted investor sentiment, particularly among whales and institutions.

Key points include:

  • Anticipation of an altseason driven by new crypto regulations in the U.S.
  • Bitcoin's dominance shows a reversal pattern, signaling potential altseason initiation.

Kaspa Price Overview

Kaspa (KAS) has a fully diluted valuation of approximately $3.8 billion and a 24-hour trading volume of around $124 million. Its price surged over 30% recently, reaching about $0.15 after rebounding from a support level of $0.10.

Performance metrics:

  • KAS price increased over 879x since May 2022.
  • It hit an all-time high of about $0.20 six months ago.
  • A head and shoulders pattern and bearish divergence on the weekly RSI suggest potential downside if it closes below $0.10, targeting around $0.075.

Fundamental Developments

The Kaspa network, secured by proof-of-work (PoW), has made significant advancements during the bear market:

  • The upcoming Crescendo hard fork will increase block rates from one to ten per second, enabling up to 150 million daily transactions.
  • The launch of KRC-2 tokens has escalated on-chain activities from 31k to between 1.35 million and 8.86 million daily transactions.
  • Plans to transition the core from Go to Rust language to further enhance performance.
  • Appointment of DWF Labs as the top market maker to improve KAS liquidity and outlook.