Kaspa (KAS) price hit a new all-time high as Hashret surged.
Kaspa (KAS) price rose to $0.092917, an all-time high.
Meanwhile, Bitcoin hit a high of $36,800 and Ethereum breached $2,000 in sentiment linked to BlackRock.
The price of Kaspa (KAS) surged to a new all-time high on November 9 as the surge in the crypto market pushed past key resistance levels for most altcoins.
As Bitcoin price hit above $36,800 and Ethereum crossed the $2,000 mark, Caspa's native token rose from around $0.070986 to hit an all-time high of $0.092917.
Why has the price of Caspa increased so much today?
KAS price has slipped after ATH, currently trading around $0.086249 as the profit follows the crypto price increase. However, KAS/USD is still up 21% in the last 24 hours.
This is because the Proof of Work (PoW) blockchain project has shown several positive indicators in recent weeks. The latest is the integration with OKX Wallet, which adds to other such collaborations with crypto platform Poloniex, Bybit and Coinone.
The official listing of KAS on CoinMarketCap is also interesting. Kaspa's bulls are quick to notice the development, preparing speculations that the major crypto exchange Binance is looking to support the cause trading.
Such a move could increase buying pressure for KAS, as KASPA's fair launch means exchanges have to buy from the market to raise the required amount of funds before listing.
Another bullish sign is the network strength of this GHOSTDAG protocol.
According to Chain Data, the network's hashrate jumped to a new all-time high of 54.96 PH/s. The Kaspas Genesis Block was launched on November 7, 2021, meaning the hashrate increase comes as the blockchain platform celebrates two years of continuous growth.
