Kaspa has witnessed a significant price surge, climbing over 12% today and touching just shy of $0.090. While the crypto market struggles with general sluggishness, what’s driving this rapid growth? Let’s explore two key factors contributing to Kaspa’s impressive rise.
Breaking Through 100 Sats Barrier
Kaspa recently broke through the crucial 100 satoshi mark for the first time since February. This marks a significant achievement within the crypto sphere, especially when we consider that 100 satoshis equals 0.00000100 BTC. This milestone serves as a barometer for how well Kaspa is performing compared to Bitcoin. The impressive growth of Kaspa against Bitcoin since April (a whopping 30% gain) highlights its strong independent trajectory, not merely following Bitcoin’s movements.
Stock-to-flow models suggest that Kaspa could outperform Bitcoin in the long term, potentially exceeding its gains over a longer timeframe. These models gauge scarcity compared to newly minted coins and provide insight into future potential for growth. As more individuals recognize the value of Kaspa, wider adoption is likely to further fuel price increases.
The Crescendo Upgrade: Building a Faster, More Efficient Network
Kaspa’s upcoming Crescendo hard fork upgrade, scheduled for May 5th, 2025, is poised to bring significant benefits. With over half of the Kaspa network already upgraded, this change promises a smoother and faster network experience.
The new v1.0.0 software has garnered impressive early adoption, with almost 57% of node agents having already updated. This robust adoption demonstrates the anticipation and faith in the upcoming changes. Faster transaction speeds, from one block per second to ten, will make Kaspa more efficient, attracting more users.
Increased efficiency often leads to greater investor interest. This positive momentum is expected to bolster further price growth for KAS. The combination of technical improvements and network upgrades creates a powerful formula for Kaspa’s continued success.