Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Kaspa (KAS) is on a rampage today after attaining a new all-time high (ATH) at a time when most altcoins are giving up their accrued gains amid news of the U.S. CFTC crackdown on Binance. KAS soared to a new high of $0.02345, and though its price has receded by the time of writing, it is still up by 14.41% in the past 24 hours and by 36% over the past week.
Kaspa is trading as one of the few altcoins with positive growth in a sea of red. The protocol’s latest growth hinges on its announcement that trading went live on HotBit, one of the top trading exchanges by the number of available markets.
📈 NEW LISTING ALERT! $KAS just got listed on @Hotbit_news
• KAS/USDThttps://t.co/POtCGBlGpX#KAS #kaspa #USDT pic.twitter.com/PWTkuWpl5w
The Kaspa expansion of its trading capabilities is one of its targeted moves to register its growth prospects as a growing proof-of-work (PoW) Layer 1 blockchain outfit. In reality, growing its ecosystem has been one of its core strategies to bring additional utilities to all members of its community.
While it plans to build additional products and encourage the growth of decentralized applications, Kaspa’s strategy in securing functional partnerships has been at the forefront in recent times.
Every successful cryptocurrency around has been able to carve out a niche for itself that has come in handy in charting its sustainable growth. Kaspa is looking at doing the same, especially when its prospects are now being showcased to both traders and investors.
In all, Kaspa is driving its visibility in the industry through regular positive updates and protocol upgrades. By so doing, it is positioning itself as the network of choice for the support of PoW-backed security, as embodied in the Bitcoin blockchain, and a Direct Acyclic Graph (DAG) sort of throughput to help fast-track micro transactions, as we have in Fantom.
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey’s articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.
Once a day we send:
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.
