With three days in a row of uptrending activity, Kaspa (KAS) is on a bullish run that has helped it rank among the cryptocurrencies with the highest performance in July. When this article was written, Kaspa was trading for $0.04223, up 13.01% in the previous day. Due to this upward tendency, the currency has increased in value by 80.52% throughout the previous 30 days.
Despite touting itself as a proof-of-work (PoW) platform driven by a Directed Acyclic Graph (DAG), Kaspa is still a positive mystery in the blockchain space.
Potential Kaspa growth drivers
The blockchain industry needed an alternative to Ethereum (ETH), which changed from a proof-of-work (PoW) to a proof-of-stake (PoS) protocol last year. This is when the Kaspa protocol emerged.
Aside from its local community, which has contributed significantly to its expansion via steady accumulation, purchasers from other protocols, like as Ethereum, have strengthened Kaspa’s allure.
The crypto project is developing a system where performance and utility much exceed the hype that typifies the majority of the current alternative rivals. With a high throughput rate that makes it perfect for business adoption, Kaspa can handle up to 100 blocks in a second, which sets it apart from its competitors.
In conclusion, Kaspa has a committed development community that contributes to the overall functionality upgrades. Recently, this development team released an upgrade with the goal of strengthening its functions.
Push to Climb ladder
Kaspa has moved up to 208th place in the rankings after a spectacular month-long increase, although most people still believe that it is still undervalued. Prior to the conclusion of Q3, Kaspa may experience more rise due to the numerous updates and dApps it has planned.
