Kaspa continues to captivate the blockchain sphere with its intriguing nature as a Directed Acyclic Graph (DAG)-based proof-of-work (PoW) platform. Emerging onto the scene precisely when the blockchain realm was searching for an Ethereum (ETH) alternative, Kaspa’s protocol arrived as a timely solution. This came after Ethereum’s transition from proof-of-work to a proof-of-stake (PoS) framework the previous year.
The native coin of the Kaspa ecosystem, KAS, has recently generated significant attention. Its performance has been notably impressive, even in a challenging bear market.
Currently priced at $0.04792611, according to CoinGecko data, KAS has exhibited a 17.3% surge in the last 24 hours. Over the past seven days, KAS has demonstrated an impressive climb of 23.3%.
Source: Coingecko
Driving Forces Behind KAS Coin’s Remarkable Growth
Kaspa’s recent surge in prominence can be attributed to a strategic move that has set the stage for its remarkable growth trajectory. The blockchain platform has successfully concluded a crowdfund endeavor with a clear objective: securing a prestigious Tier-1 Exchange listing for its native token, KAS.
✅The Tier-1 Exchange Crowdfund for #Kaspa has been successfully completed, thanks to your immense support! More details coming soon.
👨🏽💻The $KAS browser wallet crowdfund is still live.
Let’s keep the momentum going!Let’s continue to shape the future of finance.… pic.twitter.com/8Oda5yivFA
— Kaspa (@KaspaCurrency) August 2, 2023
The crowdfund, which reached its conclusion on Aug. 2, aimed to amass a substantial sum of $30,000, drawing contributions in USDT and KAS tokens.
Insights into this crowdfund achievement, provided through an update via reliable sources, promise to be unveiled shortly. The anticipation surrounding these forthcoming details suggests a direct correlation between this significant milestone and the recent surge in KAS’s valuation.
An astute Twitter user even pointed out an intriguing phenomenon: many traders appear to be divesting their Bitcoin holdings to acquire KAS tokens.
Folks are literally selling $BTC to buy $KAS. Mission achieved.
— Dr Martin Hiesboeck (@MHiesboeck) August 2, 2023
Diverse Investor Engagement Fuels Kaspa’s Rise
A July Medium blog post by Kaspa shines a light on the purposeful allocation of funds raised through this ambitious campaign. The primary objective of the amassed funds is to fulfill the listing…
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