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<p>The price of Kaspa (KAS) has continued its upward trajectory this week, surging 38% over the last four days. According to<a href="https://twitter.com/KASPAEnthusiast/status/1755908553125113863?t=3wdwRpdfB4sQwTDFTUl8VQ&amp;s=19" target="_blank" rel="nofollow"> enthusiast @KASPAEnthusiast,</a> this latest price action is just the beginning, with a new all-time high potentially on the horizon.</p> 
<p>After breaking past the 13 cent mark earlier this week, KAS saw a period of consolidation on the 4-hour timeframe before decisively moving into the 0.137 range. Buoyed by this breakthrough, bulls now have their sights set on breaking into the 14 cent zone.</p>  
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<p><strong>Driving Forces Behind the Surge</strong></p> 
<p>Fundamentals and on-chain data may provide some clues behind Kaspa’s impressive price performance. As noted by <a href="https://twitter.com/KASPAEnthusiast/status/1755845210913804311?t=DbDnHXYC3y44TIFQuX39wg&amp;s=19" target="_blank" rel="nofollow">@KASPAEnthusiast,</a> Kaspa recently hit a new all-time high hashrate of 185.61 PH/s, indicating increased activity and interest around the network.</p> 
<p>There is also optimism that the hashrate could push above 200 PH/s before the end of February. If achieved, this could serve as a validation of Kaspa’s value proposition and technical merits.</p> 
<p>With positive sentiment propelling prices higher in the short-term, Kaspa holders will be monitoring whether this momentum can be sustained over the longer term. The coming days and weeks should provide more evidence one way or the other.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-kaspas-kas-price-up/">Why Is Kaspa’s KAS Price Up?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Is Kaspa’s KAS Price Up?

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