This Kaspa On-Chain Metric Explodes Following the Crescendo Update

Kaspa just a huge increase in network activity and considering how huge the community is, they are starting to take notice.

Kaspa has seen a huge increase in network activity, with daily transactions nearing 700,000 following the recent Crescendo update. The update, which increases block processing efficiency and prepares the network for future scalability, seems to be giving the network a fresh boost.

Just a few days ago, Kaspa was processing around 100,000 transactions per day. However, by May 6, that number shot up to 677,477. The chart below shows a steep rise starting around May 4, and the growth hasn't slowed down since.

This surge in transactional volume follows the launch of Crescendo Testnet 10, which saw Kaspa's block speed increase from 1 to 10 blocks per second. This update significantly enhances the network's efficiency and reduces transaction fees.

As a blockchain starts handling more transactions, it usually means that more people are using it, or getting ready to. With e-commerce platforms, payment processors, and other large-scale services now being deployed on-chain, block space is becoming more valuable than ever.

Kaspa Price Analysis and Predictions

Right now, KAS is trading at around $0.094. This is a decent recovery from where the price was in early April, when it dropped to about $0.056.

The Kaspa price hasn't really taken off yet, but the chart shows that it's slowly climbing and forming higher lows. This is usually a good sign of a trend starting to reverse.

The next big hurdle is the $0.10 to $0.11 zone. This area has acted as resistance before, and the 200-day EMA also sits there. If Kaspa can break through and hold above that range, we might see a stronger push toward $0.15 or even $0.18 later in the year.

On the weekly chart, the indicators are also showing signs of strength. The Ultimate Oscillator is close to turning fully bullish. The Bull/Bear Power is slightly in favor of the bulls, and the ROC is still negative, but it's starting to level off, which could be the beginning of a new upward trend.

Overall, 2025 could be a strong year for Kaspa, especially if more upgrades roll out and developers start building on the network. The Crescendo update might just be the beginning of something much bigger.

One thing is clear: activity on Kaspa is rising rapidly. Whether the price follows or not, the network is picking up speed, which is a good sign for its future.