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.
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.
Author
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else.
It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other.
What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn?
He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
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