Jump 33% in One Week: This Altcoin Is Shining With Its Rise!

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Kaspa (KAS) recorded noticeable growth in one week, while the crypto market receded from last week’s highs. The altcoin has pushed its price up to $0.02577 with a growth of over 33% from the beginning of the week to date.

Why did the altcoin price rise?

Kaspa has recently switched from a protocol with a speed of one basis point (BPS) to a protocol that has now increased to 10 BPS. transition made a huge leap forward. This protocol change was seen as an attempt to leverage Kaspa’s unique properties and potential. The new protocol aims to increase Kaspa adoption and usage by offering users faster transaction times and lower transaction costs.

This huge leap in transaction speed could give Kaspa more market share than major competitors in the Web3.0 world, thereby changing the game for altcoins.

Besides, the entire crypto market is still highly dependent on Bitcoin, which controls almost 50% of the total market capitalization. However, some altcoins are trying to demonstrate their holdings and values ​​by straying from their tight correlation with Bitcoin. These altcoins strive to stand out by constantly innovating and introducing new products, services and technologies that can provide a competitive advantage. Kaspa stands out as one of these altcoins.

You can follow the current price action here.


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