KAS (Kaspa) fell 17.23% in the last 24 hours.

Gate News Bot news, October 11, according to CoinMarketCap data, as of the time of writing, KAS (Kaspa) is currently priced at 0.06 USD, falling 17.23% in the last 24 hours, with a high of 0.08 USD and a low of 0.05 USD. The 24-hour volume reached 317 million USD. The current market capitalization is approximately 1.635 billion USD, a decrease of 340 million USD from yesterday.

Kaspa is the fastest, open-source, decentralized, and fully scalable layer one blockchain in the world. It is the first blockDAG, a digital ledger capable of creating blocks in parallel and instantly confirming transactions. Kaspa runs on a powerful proof-of-work engine, designed to handle up to 10 blocks per second without compromising security or decentralization. Kaspa is built by industry pioneers, community-driven, fully open-source, and has no centralized governance, following the principles of currencies like Bitcoin. The coin was fairly launched on November 7, 2021, with no pre-mined or any other pre-allocated tokens.

Recent important news about KAS:

1️⃣ Market adjustment pressure increases Recently, the overall cryptocurrency market has shown a correction trend, and Kaspa, as an emerging project, has not been able to remain unaffected. Affected by the market, the KAS price has experienced a significant fall, with a 24-hour drop of over 17%, indicating strong adjustment pressure.

2️⃣ The surge in volume reflects an increase in market attention Despite the price fall, KAS's 24-hour volume reached $317 million, which is relatively high compared to its market capitalization. This indicates that the market's attention on Kaspa is increasing, potentially attracting more investors and traders.

3️⃣ The contradiction between technical advantages and market recognition Kaspa, as the first blockchain with a blockDAG architecture, has the technical advantages of high throughput and instant confirmation. However, there is a certain gap between its current market performance and its technological innovations, reflecting the challenges that new technologies still face in gaining widespread market recognition.

From a technical perspective, the KAS price has fallen below multiple important support levels, and may face further downward pressure in the short term. However, considering its unique technical architecture and potential application scenarios, the medium- to long-term development prospects are still worth paying attention to.

This message is not intended as investment advice; investors should be aware of market volatility risks.