2 Main Reasons Why Kaspa (KAS) Price Is Pumping

The Kaspa price again among top crypto gainers with 12% pump today. KAS is now trading just slightly below $0.090 range. But, why is Kaspa pumping?

The Kaspa price is again among the top crypto gainers with a 12% pump today, May 1, as the KAS token is now trading just slightly below the $0.090 price range. But, why is Kaspa pumping while the whole market is sluggish again and the BTC price trades flat on lower volume?

Let’s explore 2 main reasons behind the Kaspa price pump.

Breaking Through the 100 Sats Mark

Kaspa recently broke through the 100 satoshi mark for the first time since February. This is a big deal in the crypto sphere. When we talk about 100 sats, we mean 100 satoshis, which equals 0.00000100 BTC. People use this to measure how altcoins are doing compared to Bitcoin.

This breakthrough shows Kaspa is gaining strength against Bitcoin. In April alone, KAS went up 30% against the leading cryptocurrency. This means Kaspa isn’t just following Bitcoin’s movements – it’s actually outperforming it.

Kaspa surpassed 100 sats for the first time since February.It's currently up 30% against Bitcoin since the start of April.Stock-to-flow projections suggest Kaspa will significantly outperform Bitcoin over the long term. pic.twitter.com/34IYeuwG7t

Some analysts look at something called stock-to-flow models, which measure how scarce a coin is compared to new coins being made. These models suggest Kaspa might grow even more than Bitcoin in the long run. This could lead to bigger price increases as more people recognize its value.

The Crescendo Upgrade Is Coming Soon

The Crescendo hard fork is happening in about two weeks, and things are looking good. Over half of the Kaspa network is already prepared for this change.

The latest data shows that 52.38% of miners are running the new v1.0.0 software. Another source, Kasnodes.com, reports that 57.76% of node agents have already upgraded. These numbers show strong support for the upcoming change.

Crescendo v1.0.0 Upgrade Report ~14 days left until the Crescendo HF. Node agent count = 57.76% (kasnodes .com)Mining share = 52.38% (kaspalytics .com)Current data as of time of post https://t.co/AdQmZbBzOf pic.twitter.com.

Crescendo v1.0.0 Upgrade Report

~14 days left until the Crescendo HF.

Node agent count = 57.76% (kasnodes .com)

Mining share = 52.38% (kaspalytics .com)

Current data as of time of post

— Kaspa Updates (@KaspaUpdates) April 27, 2023

This upgrade will make Kaspa much faster. The network will go from handling 1 block per second to 10 blocks per second. This makes transactions quicker and allows more people to use the network at once. It is scheduled to activate on the mainnet on May 5, 2025, around 15:00 UTC

The fact that so many miners upgraded early shows people believe in this change. This usually means the switch will go smoothly. Better network performance often attracts more investors, which can push prices up.

If this positive momentum continues, the Kaspa price could very well break the $0.10 level before week’s end. The combination of technical strength and network improvements is creating a perfect storm for KAS price growth in the current market.

If you prefer to invest in cryptocurrencies in a regulated manner, consider joining the eToro community. With eToro, you can buy and sell cryptocurrencies with ease, and you can also connect with other traders to exchange ideas and learn from one another.

Join Now and Sonr the Conversation

The post 2 Main Reasons Why Kaspa (KAS) Price Is Pumping appeared first on TokenPost | Web3, Blockchain, Metaverse, Crypto News, Tech Review.