KAS (Kaspa) rose 20.29% in the last 24 hours.

Gate News Bot news, July 22, according to CoinMarketCap data, as of the time of writing, KAS (Kaspa) is currently priced at $0.12, with a 20.29% rise in the last 24 hours, reaching a high of $0.12 and a low of $0.08. The 24-hour volume is $251 million. The current market capitalization is approximately $3.092 billion, an increase of $522 million from yesterday.

Kaspa is an open-source, decentralized, and fully scalable Layer 1 blockchain. It is the first blockDAG, a digital ledger capable of creating blocks in parallel and instantly confirming transactions. It runs on a powerful proof-of-work engine designed to process up to 10 blocks per second without compromising security or decentralization.

Important news about KAS recently:

1️⃣ High-performance blockchain technology attracts attention As a Layer 1 blockchain, Kaspa's blockDAG technology enables parallel block creation and instant transaction confirmation. This high-performance feature is attracting attention in the current blockchain space and may be one of the main factors driving a significant rise in KAS prices.

2️⃣ Balance between scalability and decentralization Kaspa stands out in the competitive blockchain market by leveraging an innovative proof-of-work engine that maintains high throughput without sacrificing security and decentralization. This technological advantage helps KAS attract more developers and users.

3️⃣ Market sentiment warms up KAS rose by 20.29% in the last 24 hours, with a volume of 251 million USD, indicating a surge in market interest in the project. This strong upward momentum may attract more investors' attention, further driving price increases in the short term.

From a technical perspective, KAS's current price has broken through the previous resistance level, reaching a new high of $0.12. The market capitalization has risen by $522 million to $3.092 billion, indicating strong market recognition. However, investors should also be aware of the potential retracement risks that may arise after the rapid rise.

This message does not constitute investment advice; investors should be aware of market volatility risks.