16 January 2025
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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.