Kaspa (KAS) grew by 60% and dominated the altcoin market.

Kaspa (KAS) has recently been gaining popularity in the alternative cryptocurrency market, with an impressive surge of over 60% in the past 14 days, according to CoinGecko data. The cryptocurrency is based on the GHOSTDAG protocol, which is an improvement of the Bitcoin Consensus. This protocol offers several advantages over traditional blockchain consensus mechanisms, including higher throughput and faster confirmation times.

Kaspa Emerges As Top Performer
Recently, the Kaspa team announced a new feature that is set to go live on the KAS testnet. The 10BPS feature promises to deliver “unmatched” transaction speeds of up to 10,000 transactions per second (TPS). This is a huge improvement over the current transaction speeds of other major cryptocurrencies like Bitcoin and Ethereum, which typically offer only a fraction of this throughput. According to the announcement, the 10BPS feature is currently being stress-tested on the KAS testnet, where it is setting new records for crypto BPS.

This considerable jump in transaction speed could be a game-changer for the Kaspa protocol, as it looks to gain more market share from established Layer 1 protocols such as Ethereum, Cardano, and Solana. In addition to the 10BPS feature, the Kaspa blockchain offers several other impressive features that make it a compelling choice for developers and users alike.

Will KAS Bullish Momentum Continue?
The cryptocurrency market has been on an upward trend lately, with many cryptocurrencies posting impressive gains over the past week. Among these is KAS, which has seen a price increase of 28.90% in the last 7 days, outperforming both the global cryptocurrency market (up 9.80%) and similar Layer 1 (L1) cryptocurrencies (up 12.90%). As of today, KAS is trading at $0.02558, with a 24-hour trade volume of $9 million. While the price has declined slightly by 0.83% in the last 24 hours, the overall trend is positive, with the cryptocurrency market showing signs of recovery after a period of consolidation.

In the short term, KAS is facing resistance at $0.02609, which it has struggled to break through since Saturday. However, if the token manages to overcome this resistance level and attract more players to its ecosystem, its bullish momentum may continue and new all-time highs could be within reach. Conversely, in the event of a further price drop, the $0.02449 level may serve as a support floor for KAS. This means that if the price falls to this level, it may find some buying support from investors looking to enter the market at a lower price.

According to Coingecko, KAS has a total supply of 19 billion tokens, with a market capitalization of $495,310,928.

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