Kaspa

Today's state: Kaspa is trading at $0.025221 with a $0.7 billion market capitalization (rank #73). The price moved -0.70% over the past 24 hours and is -4.70% over 7 days; the 30-day move stands at -12.60% and the 90-day at +0.00%.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 32.4% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Neutral (46/100), with the timeframes pulling in different directions and no clean directional read.

Kaspa follows a halving cycle similar in mechanism to Bitcoin's — the block reward is cut on a predictable schedule, producing periodic supply-side compression. While KAS's cycle dynamics have historically tracked Bitcoin's broader rhythm rather than producing fully independent cycles, the halving events themselves have produced meaningful price-action inflection points in past cycles.

For PoW chains other than Bitcoin, the relevant tactical question is generally not "does the halving alone drive a bull cycle?" but rather "does the broader crypto cycle, plus the halving's supply compression, plus any chain-specific narrative produce a structural setup?" When all three align, multi-month outperformance versus Bitcoin has been the historical pattern.

To place KAS in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: +0.04 — a minimal positive relationship.
• Ethereum reference: -0.03 — a minimal negative relationship.
• Solana reference: -0.03 — a minimal negative relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Kaspa (KAS) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.0252 as of the latest update, with a 24-hour move down 0.70%, placing it at rank #85 by market capitalisation among all listed digital assets. Kaspa's current market cap stands at $696.87M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Kaspa across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Kaspa (KAS) is a proof-of-work cryptocurrency designed primarily as digital money — a decentralized, permissionless monetary network where transactions are verified by miners rather than any central authority. Its value proposition rests on credible scarcity, censorship resistance, and the security of its proof-of-work consensus.

By market value, Kaspa sits at rank #73 — a top-100 asset. About 96% of the maximum KAS supply is in circulation today (27.64B of 28.70B), leaving a moderate emission stream still to come. It currently trades about 88% below its all-time high of $0.2074 set in July 2024, while sitting roughly 147.4× above its record low.

Kaspa is a proof-of-work cryptocurrency: miners compete to extend the chain by solving a computational puzzle, and the first to find a valid solution earns the block reward. There are no smart contracts, no staking, no validator set, and no on-chain governance. The protocol is intentionally minimal and single-purpose.

Issuance follows a predictable, decreasing schedule. Network security scales with the total computing power dedicated to mining; higher hashrate makes the chain more expensive to attack and is generally viewed as a vote of confidence by miners in the asset's future price.

By market value, Kaspa sits at rank #73 — a top-100 asset. About 96% of the maximum KAS supply is in circulation today (27.64B of 28.70B), leaving a moderate emission stream still to come. It currently trades about 88% below its all-time high of $0.2074 set in July 2024, while sitting roughly 147.4× above its record low.

Kaspa is used primarily as a store of value, a medium of exchange, and a settlement layer. It is not a smart-contract platform and does not host decentralized applications. Adoption typically reflects two themes: digital sound money (similar to Bitcoin's thesis) and cheap, fast peer-to-peer payments where the parent monetary network is congested or expensive.

Daily turnover is light — roughly 0.75% of market cap ($5.23M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

Kaspa's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. At 96.3% of maximum supply already issued, the remaining issuance is a relatively small fraction of total potential supply. Sell pressure from future issuance is therefore limited.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

Several traditional markets serve as useful cross-checks: a strong dollar (DXY) has tended to weigh on crypto; rising 10-year Treasury yields raise the cost of holding risk; gold occasionally trades as a parallel hard-money hedge; and US equities frequently move in sympathy with crypto when the driver is liquidity rather than fundamentals.

Narrowing to Kaspa, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, KAS has tended to advance with it; when it drains, the move has typically gone into reverse. With a comparatively loose 90-day BTC correlation of +0.04, KAS has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Key risks include: mining centralization (smaller PoW chains are easier to 51%-attack), declining hashrate relative to Bitcoin (which raises the relative cost of attack), regulatory pressure on energy use, and price-action sensitivity to Bitcoin (most PoW altcoins carry strong BTC correlation). Position sizing should reflect that PoW-altcoin volatility tends to amplify BTC moves in both directions.