- BlockDAG consensus and Crescendo V1 upgrade enhance scalability; mainnet sync improvements drive dev interest despite macro weakness.
- Smart contract layer IGRA under development; prior forks and Kraken, Nexo listings strengthen KAS’s mid-cap altcoin positioning.
Kaspa (KAS) is currently trading at $0.0693, reflecting a daily drop of -4.53% and continuing a deeper correction phase. Over the past week, KAS has lost -19.78%, and in the last month, it’s down -35.77%.
Year-to-date, the decline stands at -39.49%, and it has dropped -51.70% over the past year. Despite this, Kaspa maintains a long-term gain of over +37,000% from its inception, and its current market cap sits at $1.83 billion.
Kaspa has gained popularity for its innovative blockDAG architecture, which allows for extremely fast, scalable proof-of-work transactions — positioning it as a next-gen alternative to traditional blockchains like Bitcoin.
It continues to attract developers and miners, especially following the successful mainnet upgrade to Crescendo V1 on May 5, 2025, which included performance enhancements and synchronization improvements.
Earlier in 2025, Kaspa also completed a hard fork (v0.17.0) on Testnet 10, and the project is preparing for wider smart contract capabilities via IGRA, a future smart contract layer built for Kaspa. Recent community efforts and exchange listings (such as Nexo in December 2024 and Kraken in November 2024) have further solidified KAS’s presence among mid-cap altcoins.
Technically, KAS is in a clear bearish structure, having broken below major trendlines. It’s now testing a critical support zone near $0.065–$0.070, which, if breached, could send the price toward $0.055–$0.060.
Momentum indicators such as RSI and MACD are still weak, showing no immediate sign of bullish reversal. That said, some traders on TradingView note a possible Elliott Wave corrective phase, which could imply a recovery if this support holds.
