Kaspa (KAS) designate soars to contemporary all-time high amid spike in hashrate

Cesar OG 9 November, 2023

Kaspa (KAS) designate rose to $0.092917, a brand contemporary all-time high.
Meanwhile, Bitcoin hit highs of $36,800 and Ethereum breached $2,000 amid BlackRock connected sentiment.

Kaspa (KAS) designate soared to a brand contemporary all-time high on November 9 because the bullish momentum all around the crypto market pushed most altcoins past key resistance areas.

As Bitcoin hit costs above $36,800 and Ethereum crossed the $2,000 designate, Kaspa’s native token skyrocketed from round $0.070986 to hit the all-time high of $0.092917.

Why is Kaspa designate sharply up at the moment?

The value of KAS has slipped after the ATH, currently shopping and selling round $0.086249 as revenue taking all over crypto follows the value spikes. Alternatively, KAS/USD is soundless 21% up within the past 24 hours, with the outlook for this proof-of-work cryptocurrency at chance of enhance to the upside.

This is for the explanation that proof-of-work (PoW) blockchain mission tapped several optimistic catalysts in present weeks. The most modern is an integration with the OKX Wallet, which provides to varied such collaborations with crypto platform Poloniex, Bybit and Coinone.

Also critical is the legit list of KAS on CoinMarketCap. Kaspa bulls were rapid to pronounce the kind, environment in drag hypothesis over whether or no longer foremost crypto change Binance is having a be taught about to add shopping and selling give a rob to for the token.

Any such lumber is at chance of amplify the aquire stress for KAS, as Kaspa’s comely birth methodology exchanges favor to aquire off the market to salvage the liquidity wished earlier than list.

One other signal of an upward trajectory is the community strength for this GHOSTDAG protocol.

In step with on-chain information, the community’s hashrate jumped to a brand contemporary all-time high of 54.96 PH/s. Kaspas Genesis Block launched on November 7, 2021, which methodology the spike in hashrate comes because the blockchain platform celebrates two years of real kind.