Date: Wed, July 31, 2024, 11:30 AM GMT
In a market where bitcoin price having bearish phase, Kaspa (KAS) has defied the odds by hitting a new all-time high. Today, Kaspa surged to $0.2061, marking a 4.86% increase in the last 24 hours and bringing its market cap to an impressive $4.86 billion.
Unlike many top altcoins, Kaspa has sustained a positive trajectory over the past few months. Ignoring the broader market’s bearish sentiment, $KAS has delivered a staggering 390% return over the last 12 months.
In terms of market cap, Kaspa has surpassed major tokens like Uniswap, Pepecoin, and Internet Computer, securing the 22nd spot in the top crypto rankings.
$1 Coming in 2025?
Analyzing the past year’s performance of top altcoins, Kaspa has outperformed many, trailing closely behind heavyweights like Solana and Toncoin. Over recent months, it has been one of the few altcoins to maintain a positive trend with minimal corrections.
As we look ahead to a potential crypto bull run in 2025, reaching $1 for Kaspa seems promising. If the market conditions align and Kaspa continues its upward momentum, the $1 milestone could very well be within reach.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, and past performance is not indicative of future results. Always do your own research and consult with a financial advisor before making investment decisions.