Kaspa Coin ($KAS), the proof-of-work crypto known for its innovative BlockDAG architecture, has seen a sharp increase in its price over the past 24 hours and has risen over 13% to trade at $0.07562 at the time of writing.
The price increase is driven by growing investor interest and momentum. A key event, the Crescendo mainnet hard fork, which will take place on May 5, 2025, also contributes to this rally.
This upgrade promises to increase the Kaspa network’s speed tenfold, boosting its throughput from 1 to 10 blocks per second. Most importantly, it will achieve this without compromising decentralization or security, a massive leap for any proof-of-work (PoW) blockchain.
Kaspa ($KAS) Prepares for Crescendo Hardfork
Multiple analysts and enthusiasts on the social media platform X have called this hard fork a significant leap for $KAS, claiming it could make the network 6,000x faster than Bitcoin (BTC). While that figure might be hyperbolic, the upgrade is a game-changer for the Kaspa network.
Derek Marshall, a crypto enthusiast on X, added that the Crescendo fork will enhance speed and improve network resilience, making it more secure and scalable through its unique BlockDAG architecture.
This kind of narrative—fast, secure, scalable PoW—is attractive to miners and investors, which is evident from recent trends. Derek notes that miners will benefit, too, as the upgrade brings “more action, more opportunities, and more reasons to pay attention.”
That growing excitement is now spilling into price action, as some investors consider this a “buy the rumor, sell the news” opportunity.
Kaspa Coin Price Outlook
A look at TradingView data shows that Kaspa Coin has broken out from a major downtrend that held it below $0.07 for weeks. At the same time, the KAS/USDT technical dashboard reflects growing optimism.
The one-day summary currently leans toward a “Buy” with 11 out of 17 moving averages, including the 10-day, 20-day, 30-day, and 50-day EMAs, flashing a “Buy” signal.
According to CryptoDoc, Kaspa “bounced from the support and broke out,” signaling a trend reversal from bearish to bullish.
The green accumulation zone between $0.055 and $0.07 acted as a strong floor, and once bulls defended this range and reclaimed momentum, Kaspa Coin began marching higher.
Kaspa is now retesting previous key zones from a position of strength, suggesting that if $0.075–$0.078 holds, the next target is likely $0.085–$0.09. Beyond that, $0.10 and $0.12 are back in play as resistance levels previously tested during early 2024.
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