Kaspa continues to exhibit unique behavior in comparison to the overall cryptocurrency market.
During a period of tranquility in the market in 2023, Kaspa’s price experienced a significant surge. However, when the market began to rally in February and March, Kaspa maintained a steady pace.
This week presents a similar narrative: while Bitcoin, altcoins, and meme coins are experiencing a surge, Kaspa’s price has decreased by 0.5% in the past day. Currently, Kaspa is trading at $0.18, a slight dip from its all-time high of $0.2 recorded on June 30th.
A popular YouTuber with a following of over 11,000 subscribers on the Kaspa Silver YouTube channel released a video today that has gained considerable attention. The video discusses several important updates within the Kaspa ecosystem, including the successful launch of KRC2 which saw 1.5 million transactions and 55,000 active addresses at its peak.
Kaspa’s network is also growing stronger with over 400 public nodes around the globe. Additionally, 63.4% of Kaspa’s supply has not been moved in the last three months, indicating a strong holding sentiment among investors.
The network’s documentation now includes references to USDT and other stablecoins, suggesting potential future integrations that could enhance DeFi applications on Kaspa.
In terms of technical advancements, a user successfully synchronized a Kaspa mainnet node on a mobile device, showcasing the network’s efficiency and accessibility.
The Kaspa community is also actively involved in various projects, such as setting up public solo mining nodes in America and collaborating with Ice River and Gold Shell miners to expand the mining ecosystem.
Developers with expertise in Rust and UTXO-DAG processing are being encouraged to participate in the Rusty Kaspa Workshop to drive innovation within the ecosystem.
Decentralized exchange developments are also underway with Kasp Decks and other users working on DEXs for the KRC20 ecosystem, which could improve liquidity and trading options for Kaspa holders.
Shai, a prominent figure in the Kaspa project, hinted at collaborations with major entities outside of the crypto space. Initiatives like the Kaspa Enterprise Accelerator, regulatory support, and innovation grants indicate a push towards mainstream adoption and institutional involvement.
Overall, Kaspa appears to be well-positioned for further growth in the current bull market.
Join our FREE Telegram group to receive future updates and be part of a profitable community.
The post ‘Big Players Are Coming to Kaspa’ – Here’s Why KAS Price Will Pump More appeared first on CaptainAltcoin.”
Source: captainaltcoin.com