Over the past 24 hours, Kaspa’s (CRYPTO:KAS) price has risen significantly, continuing its positive trend over the past week. The coin has experienced a 34% gain over the past week, moving from $0.10 to its current price of $0.14.
The chart below compares the price movement and volatility for Kaspa over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for Kaspa has increased substantially over the past week, while the overall circulating supply of the coin has increased slightly. This increase in trading volume and circulating supply indicates increased interest and activity in the Kaspa cryptocurrency.
Kaspa has a current market cap ranking of #34, with a market cap of $3.08 billion, making it one of the top cryptocurrencies by market capitalization.
What is Kaspa (KAS)?
Kaspa is a Proof-of-Work cryptocurrency that utilizes the SHA-256 algorithm. It is a fork of the Bitcoin protocol and aims to provide a more decentralized and secure network.
FAQs
- What is a circulating supply?
The circulating supply is the number of coins that are currently in circulation. This number can change over time as new coins are mined or burned. - What is market cap?
Market cap is the total value of a cryptocurrency, calculated by multiplying the price of the coin by the number of coins in circulation.
Conclusion
Kaspa’s recent price increase and positive trend indicate increased interest and activity in the cryptocurrency. Its high ranking in terms of market capitalization further solidifies its position as a significant player in the cryptocurrency market.
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