Kaspa’s $3 Surge Sparks ‘Next Ethereum’ Hype—Can the 32% Rally Hold?
Move over, ETH—Kaspa’s making noise with a blistering 32% rally, flirting with the $3 mark and fueling whispers of a generational crypto takeover. Here’s why traders are suddenly betting on the underdog.
The narrative shift: Forget ’slow and steady.’ Kaspa’s proof-of-work tweaks and DAG structure have speculators drooling over its ’ETH-killer’ potential. (Never mind that Ethereum’s already survived a dozen alleged killers.)
Price pump or paradigm shift? The 32% surge smells like classic crypto opportunism—but with Bitcoin dominance wobbling, altcoins like Kaspa are catching desperate capital. Just don’t remind anyone about 2021’s graveyard of ’next big things.’
Cynical footnote: Nothing unites crypto bros faster than a fresh bag to pump—except maybe a centralized exchange ’listing announcement’ that conveniently precedes the dump.
Source: CoinMarketCap
Can Kaspa 25x From Here? Crescendo Upgrade and Whale Moves Ignite Bullish Bets
After a relatively quiet period, Kaspa’s daily transaction volume sharply increased, reaching nearly 700,000 transactions in a single day.
This spike began shortly after the rollout of the Crescendo KIP-10 upgrade, which greatly improved the network’s performance by increasing block production from 1 to 10 blocks per second.
Just days before the surge, the network handled around 100,000 daily transactions. By May 6, that figure had climbed to 677,477, and it has sustained growth since.
Kaspa Sees Transaction Spike Following Crescendo Update
Kaspa network activity has surged significantly, with daily transactions nearing 700,000 following the recent Crescendo update.
The update, which enhances block processing efficiency and prepares the network for future… pic.twitter.com/rugVKVhZMx
The upgrade appears to have made the network faster and more efficient, contributing to broader user engagement.
Whale activity has also shown signs of stabilization. Since May 12, immediately after the Crescendo update, one wallet has accumulated 60 million $KAS tokens through consistent inflows from the KuCoin exchange.
This has prompted many crypto “HODLers” in the Kaspa community to believe that buying $KAS now is like buying ethereum at $40 back in 2017, with anything under $3 per Kaspa seen as a bargain.
The team behind $KASPA is one of the most focused and capable in all of crypto. We’re talking PhDs, top-tier software engineers, even experts in quantum computing. It’s not just hype—this really is a once-in-a-generation project.
Kaspa isn’t just a win for early investors—it’s a… pic.twitter.com/1GnsDw1QaG
Meanwhile, the number of long-term holders continues to rise. Over the last three months, the number of addresses in the top 25% of $KAS holders has increased by around 6,000, reaching approximately 179,000.
Kaspa Price Prediction: Can $KAS Break $0.12 and Target the $0.14–$0.16 Range?
Kaspa ($KAS/$USDT) is showing signs of a potential bullish reversal following a prolonged downtrend that began in late 2024.
The asset is currently trading at $0.1112 and is attempting to break through a key resistance zone formed by the Fibonacci fan levels.
A potential double bottom pattern is visible on the chart, formed by two rounded lows in March and April NEAR $0.065.
After breaking above the neckline at around $0.085, the token has gained strength and is challenging multiple resistance levels. The Fibonacci fan lines, which had previously acted as dynamic resistance during the downtrend, are now being tested from above.
A decisive MOVE beyond the grey and orange fans around the $0.115–$0.12 level could open the door for a further rally toward $0.14 and potentially $0.16 if the momentum continues.
Supporting the bullish outlook, the MACD indicator has crossed into positive territory. The MACD line (blue) is above the indicator line (orange), while the histogram prints green bars, suggesting a continuation of upward momentum.
This crossover occurred after a bullish divergence formed during the April lows, further reinforcing a shift in sentiment.
