Kaspa (KAS) has surged by approximately 45% over the past week, driven by significant whale accumulation and macro inflows. The cryptocurrency is nearing the $0.05 mark, outperforming most large-cap altcoins. The KAS/BTC pair has also seen a 40% increase, suggesting a shift in investment from Bitcoin to Kaspa.
The upcoming DAGKnight upgrade, which aims to enhance the network's speed and scalability, is providing fundamental support to this rally. Despite a recent intraday dip, the Open Interest for KAS has surpassed $70 billion, indicating substantial leverage in the derivatives market.
Kaspa (KAS) Jumps 45% in a Week on Whale Accumulation and DAGKnight Upgrade
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
