Kaspa Transactions Skyrocket After Crescendo Network Upgrade
In a remarkable turn of events, the Kaspa blockchain has experienced a dramatic surge in transaction volume, reaching record levels shortly after the implementation of the Crescendo upgrade. This update not only improved the network’s efficiency but also appears to have ignited a newfound interest among crypto enthusiasts and investors.
Post-Crescendo Transaction Spike
Before the launch of Crescendo, Kaspa was logging approximately 100,000 transactions daily. However, post-update metrics show an unprecedented leap, with transaction counts peaking at 677,477 on May 6. This sudden spike, which started around May 4, reflects a burgeoning interest and confidence in Kaspa’s network capabilities.
Kaspa Transactions Soar Following Crescendo Upgrade
Kaspa’s network sees daily transaction counts pushing towards 700,000 after the recent Crescendo enhancement.
This upgrade, which bolstered block processing speeds, has evidently prepared the platform for a bustling future… pic.twitter.com/rugVKVhZMx
— Kaspa Official (@KaspaOrg) May 7, 2025
Enhancements of the Crescendo Upgrade
The Crescendo Testnet 10 went live recently, catapulting Kaspa’s block speed from 1 block per second to an impressive 10 blocks per second. This increase in speed and throughput arguably contributed to the network’s ability to handle more traffic and process transactions more efficiently, paving the way for enhanced usability and appeal.
Impact on Kaspa Price
While network activity has made leaps, the price of Kaspa (KAS) at $0.094 is yet to fully reflect this surge. Still, there’s an optimistic outlook with the price trend indicating higher lows since its dip to $0.056 in April. Analysts are watching critical resistance levels around $0.10 to $0.11, a break above which could signal a push towards $0.15 or even $0.18 by the end of 2025.
Technical Indicators
The weekly charts indicate a potential bullish turn with the Ultimate Oscillator nearing bullish confirmation. Additional indicators like the Bull/Bear Power and Rate of Change (ROC) suggest the possibility of a sustained upward momentum in Kaspa’s price trajectory.
Looking Ahead
With the groundwork for future scalability improvements already laid by the Crescendo update, Kaspa could indeed be on the precipice of significant growth. The blockchain’s rising transaction volume is a promising indicator, even if the price hasn’t yet matched the network’s activity. Developers and users seem to be showing increased confidence in Kaspa’s infrastructure.
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Source: captainaltcoin.com