Kaspa (KAS) Hits New All-Time High, Can It Climb Higher? Indicators Weigh In

• Kaspa surges 32.10%, outstripping the broader market’s 6.70% gain.
• Investor confidence surges as trading volume rockets 186.50%, hitting $115M in 24 hours.
• KAS sets a new high at $0.1894, and the market cap soars to $4.27B.

Kaspa (KAS) has made headlines for its outstanding performance in the cryptocurrency market , especially after it set an all-time high. Moreover, in the last week, Kaspa has gained 32.10%, outperforming the broader cryptocurrency market, which rose by 6.70%, and L1 cryptocurrencies, which grew by 5.70%.

KAS/USD 24-hour price chart (source: CoinStats )

This rally is the most extended series of gains for Kaspa since its outstanding increase during October-November of last year. At press time, KAS was trading at $0.1858, a 12.84% surge from the intra-day low.

Kaspa Outperforms Market Expectations

During the rally, Kaspa’s trading volume skyrocketed by 186.50% in the last 24 hours, hitting $115,381,070. This increase in market activity indicates increasing demand for Kaspa, further confirmed by its most recent record high of $0.1894. Concurrently, the market capitalization soared to $4,277,352,844, a 14.55% surge.

The rally of Kaspa to its new all-time high has become the focus for investors and analysts. The token’s ability to overcome $0.18 has placed it in front of well-known competitors like Cosmos (ATOM) and Theta (TAO) in terms of the token price. However, some claim there is much room for growth in this market area, and Kaspa is expected to reach the top 10 currencies within the market cap.

New all-time high at #Kaspa 　　Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.