The cryptocurrency Kaspa (KAS) has been making remarkable strides in the market, with its price surging by over 12% in a single day, positioning it firmly among the top crypto gainers. Currently, KAS trades just under the $0.090 range, but what’s behind this surge amidst a generally slow-moving market?

Key Factors Fueling Kaspa’s Price Surge

Let’s delve into the primary catalysts that have propelled Kaspa to the forefront of the crypto rally:

Surpassing the 100 Satoshi Barrier

Kaspa has reached an important milestone by breaking the 100 satoshi mark, a psychological and technical barrier not seen since February. This equates to 0.00000100 BTC, often used as a benchmark to compare altcoins against Bitcoin’s performance. This breakthrough indicates a significant strengthening of Kaspa relative to Bitcoin, with a 30% rise against BTC noted since the beginning of April.

“Kaspa surpassed 100 sats for the first time since February. It’s currently up 30% against Bitcoin since the start of April. Stock-to-flow projections suggest Kaspa will significantly outperform Bitcoin over the long term.” – @KaspaReport on Twitter

Stock-to-flow models, which predict future value based on the scarcity of a cryptocurrency compared to its newly minted supply, hint at a bright future for Kaspa. Analysts suggest that Kaspa could potentially outpace Bitcoin’s growth in the long term, drawing more investor interest and potentially leading to higher valuations.

The Impact of the Upcoming Crescendo Upgrade

With the Crescendo hard fork around two weeks away, excitement within the Kaspa community is building. The network has seen significant movement towards readiness, with:

• 52.38% of miners already operating on the new v1.0.0 software.
• 57.76% of node agents upgrading as reported by Kasnodes.com.

“Crescendo v1.0.0 Upgrade Report ~14 days left until the Crescendo HF. Node agent count = 57.76%, Mining share = 52.38%” – @KaspaCurrency on Twitter

This upgrade is slated to boost the network’s capacity from 1 block per second to 10, enhancing transaction speeds and network capacity. Scheduled for May 5, 2025, at approximately 15:00 UTC, this upgrade underscores a commitment to improve performance, which typically leads to increased investor confidence and could elevate the price further.

Market Impact and Future Price Movements

Given the current momentum and these fundamental upgrades, there’s speculation that Kaspa could soon surpass the $0.10 mark. The blend of improved technology and growing market trust appears to be creating an ideal scenario for KAS price appreciation.

Read also: Kaspa Price Set to Soar? Major Upgrades Could Trigger a Bullish Breakout

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