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Altcoin Surges More Than 100% After Listing on Popular Exchanges

Altcoin Surges More Than 100% After Listing on Popular Exchanges

After a listing on two relatively popular cryptocurrency exchanges, this altcoin surged more than 100% and has a 24-hour trading volume of over $110 million.

Within a week, a digital asset known as Kaspa (KAS) has gained momentum in the cryptocurrency market after being listed on two exchange platforms, Hotbit and BYDFi.

This altcoin, which is inspired by Bitcoin (BTC), has witnessed an impressive 107% increase in price, surging from a seven-day low of $0.0158 to $0.0344.

Presently, Kaspa is trading at $0.0342 after stabilizing following the surge.

Kaspa employs BlockDAG, a version of the GhostDAG/PHANTOM protocol, which enables high-speed transactions and block creation without sacrificing security and decentralization.

READ MORE: Ethereum: Should Investors Expect a Breakout?

The platform has been designed to support solo miners in addition to mining pools. Kaspa claims to be the fastest mineable proof-of-work coin while maintaining decentralization.

Furthermore, the platform has launched a new version of its whitepaper and is currently working on new hardware wallets.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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