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Kaspa
KAS#76
$0.035093-0.89%
Kaspa (KAS) is a proof-of-work cryptocurrency built on a BlockDAG consensus mechanism called GHOSTDAG — a structure that processes blocks in parallel rather than in a single chain, enabling far higher throughput. Fair-launched in November 2021 with no pre-mine, no pre-sale, and no coin allocations, Kaspa is entirely community-driven. Its stated ambition is bold: serve as a global sequencer for both traditional finance and decentralized crypto markets while preserving the security-first ethos that proof of work is known for.
What distinguishes Kaspa from other layer-1 networks is its pursuit of speed without sacrificing decentralization. The project bills itself as the fastest proof-of-work network, combining rapid block production with very short confirmation times. Hard-money principles underpin its tokenomics, a 50% security threshold guards the network, and smart contract functionality is planned through based-rollups — an approach designed to avoid the fragmented liquidity that plagues many multi-chain ecosystems. On the technical side, Kaspa also features reachability queries for inspecting DAG topology and block data pruning to keep node requirements manageable.
The value proposition for users is clear: a community-managed network that pairs proof-of-work security with transaction speeds that rival much newer consensus designs. The trade-off? Kaspa is chasing a technically demanding architecture and a sweeping vision, so real-world adoption and execution will ultimately matter just as much as the underlying design.
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What is Kaspa? A quick explainer
Kaspa is a community-run cryptocurrency that replaces the traditional single-chain blockchain with a BlockDAG — a structure where multiple blocks can be created simultaneously, boosting speed. It uses proof of work for security and aims to deliver very fast confirmations, though its long-term success hinges on real-world adoption as much as its technology.
AI analysis
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from October 20, 2026
This analysis is refreshed automatically in the background.
Rating
Neutral74% confident
Confidence
Summary
Kaspa is changing hands at $0.03758418, up 7.1% over the past 24 hours — though that bounce hasn't undone the softer trend seen over the last week (-1.7%) and month (-4.2%). Market sentiment plays a key role here: the Fear & Greed Index sits at 55 (Neutral), down from 62 just seven days ago, pointing to cooling optimism rather than outright fear. On the fundamentals side, Kaspa has already put 96.73% of its maximum supply into circulation, and its development history shows 1,694 merged code contributions. That said, zero commits over the past four weeks raise fair questions about how active current development really is. Combined with rising interest rates and higher inflation, this coin analysis finds a medium-term picture that's balanced but fragile, even with the short-term recovery in price.
📰 Current News & Events
No current news is available for Kaspa at this time, so the 7.1% jump over the past 24 hours can't be tied to any verified coin-specific event. The broader backdrop isn't making things easier either — both the Federal Reserve policy rate and consumer inflation are climbing. Meanwhile, the Fear & Greed Index has slipped from 62 to 55 over the past week, a sign that market enthusiasm has cooled compared to where it stood just days ago.
📈 Price Movement Analysis
Kaspa's 7.1% gain in 24 hours stands out against a weaker backdrop: the coin is still down 1.7% over seven days and 4.2% over the past month. That combination looks more like a short-term rebound inside a softer monthly trend than a genuine reversal, and nothing in the available data points to one clear trigger behind the move. At $0.03758418, Kaspa sits roughly 81.9% below its all-time high of $0.207411, set back in July 2024. Daily trading volume came in at $20.9 million — a sign of active trading, though it doesn't tell us how many unique participants were behind it. Market capitalization (price multiplied by circulating supply) stands at $1.04 billion, a figure that reflects size, not necessarily liquidity.
Strengths
✅Roughly 96.73% of Kaspa's maximum supply is already in circulation, which caps how much new issuance could still dilute holders.
✅The project carries a substantial development track record: 1,694 merged code contributions, 272 closed issues, and 530 GitHub stars. These numbers point to an established codebase, even if they don't reflect what's happening right now.
✅The 7.1% gain over 24 hours shows some short-term resilience following a weaker week and month. It's not yet enough, though, to signal a lasting shift in trend.
✅The US Dollar Index edged down slightly, from 121.57 to 121.40 — a small but welcome counterweight in an otherwise tight macro environment.
Risks
⚠️Developer activity has gone quiet, with zero commits logged over the past four weeks. If that inactivity continues, it could chip away at confidence in near-term technical progress.
⚠️The Fear & Greed Index has dropped seven points in a week, landing at a neutral 55. That's a sign of cooling enthusiasm, which means less tailwind from broader crypto market sentiment.
⚠️The Federal Reserve policy rate climbed from 3.63% to 3.75%, while annual consumer inflation rose from 3.71% to 4.02%. Higher rates and inflation tend to make speculative assets like Kaspa less appealing next to safer alternatives.
⚠️Kaspa is still down 4.2% over the past 30 days and sits about 81.9% below its all-time high. The latest 24-hour rebound hasn't been enough to repair that longer-term weakness.
⚠️Token-unlock schedule data isn't available in this coverage, so we can't assess upcoming releases of previously restricted coins — an important gap for any thorough coin forecast.
📊 Macro context
The Fear & Greed Index reads 55 (Neutral), down from 62 a week ago — a shift from greed toward caution that's limiting how far Kaspa's rebound can run. The Federal Reserve policy rate has climbed to 3.75%, tightening conditions for risk assets generally, while consumer inflation has risen to 4.02%. The US Dollar Index, meanwhile, has eased slightly to 121.40. Among top tracked stablecoins (crypto assets designed to hold a steady value pegged to the US dollar), circulating supply stands at $265.2 billion, down 0.9% over seven days and 1.1% over 30 days. That's a useful liquidity snapshot, but not the full stablecoin market picture, and it shouldn't be read as a directional signal for Kaspa specifically. With no verified news on the regulatory front, there's nothing concrete to link to Kaspa's recent price action.
❓ Frequently Asked Questions
Is Kaspa a good investment right now?
The picture is genuinely mixed. High circulating supply and a solid development history are supportive factors, but recent inactivity on the coding side, cooling sentiment, and a tighter economic backdrop keep things fragile. This analysis reflects investment research (MiFID II Del. Reg 2017/565 Art. 36) and should not be treated as a specific investment recommendation (MAR Art. 3(35)).
Why is Kaspa's price up today?
Kaspa gained 7.1% over the past 24 hours, but it's still down over both the seven-day and 30-day windows, which makes this look more like a short-term bounce than a confirmed trend reversal. No verified coin-specific news explains the move, and the Fear & Greed Index has actually declined to a neutral 55 over the same period.
What are Kaspa's biggest strengths and risks right now?
On the plus side, 96.73% of maximum supply is already circulating, and the project has a sizeable historical development record. On the risk side: zero commits in the past four weeks, softening market sentiment, rising interest rates and inflation, and continued price weakness over the past month all weigh on the outlook.
What does Kaspa's development activity say about its future?
The historical record is strong — 1,694 merged contributions, 272 closed issues, 530 GitHub stars — but zero commits in the last four weeks is a flag worth watching. Renewed activity would strengthen the case; continued silence would be a reason for caution in any forward-looking coin forecast.
Generated Oct 20, 2026, 8:14 PM·Data sources: CoinGecko, GoPlus, Alternative.me
Informational content only — not financial advice.
🧭 Fear & Greed Contrarian Signal
Market sentiment as a contrarian reality check for this analysis.
NeutralIndex 487d trend: falling
Balanced sentiment
Sentiment is balanced. In this zone, coin-specific fundamentals and on-chain data usually matter more than macro mood alone.
Historical BTC performance
When the index sat between 40 and 59, BTC historically moved an average of +3.0% after 30 days and +9.0% after 90 days.
Kaspa is trading at $0.03751844, up 9.07% over 24 hours but down 8.25% over seven days. The 30-day gain of 17.42% shows that the broader monthly move remains constructive despite the recent weekly setback. Fear & Greed is 63 (Greed), indicating optimistic crypto-market sentiment, although the decline from 64 to 63 over seven days shows that enthusiasm has softened slightly. With 96.71% of the maximum possible coin supply already circulating, dilution from remaining routine issuance appears relatively limited, while the development record includes 1,694 merged code changes but no saved code updates in the past four weeks. For investors focused on weeks to months, rising interest rates, inflation and the U.S. dollar, together with inactive recent development, offset the supportive monthly trend and mature supply profile.
Oct 15, 2026, 8:09 AM
BearishBearish · 74% confident
Kaspa (KAS) is changing hands at $0.03525947, down 8.5% in the last 24 hours and 11.8% over the past week — though zooming out, its 30-day change is nearly flat at -0.07%. That gap between the weekly and monthly numbers tells its own story: this looks like a sudden, recent slide rather than a slow bleed. Market mood has cooled too. The Fear & Greed Index sits at 53 (Neutral), down from 59 a week ago. On the development side, Kaspa's track record includes 1,694 merged pull requests, but the last four weeks show zero new commits. Add in rising interest rates, climbing inflation, and a stronger dollar — none of which help speculative crypto-assets — and the data paints a largely strained picture for KAS over a weeks-to-months horizon, based on this investment research (MiFID II Del. Reg 2017/565 Art. 36).
Oct 13, 2026, 8:04 AM
NeutralNeutral · 72% confident
Kaspa (KAS) is changing hands at $0.03910755, down 7.69% over the past 24 hours and 8.82% over the past week — though it's still sitting on a 10.38% gain for the month. The Fear & Greed Index reads 57, which falls under 'Greed,' but that's a notable drop from 71 just a week ago, suggesting traders are becoming less willing to take on risk. Kaspa's development track record is substantial, with 1,694 merged pull requests to its name, yet GitHub shows zero commits in the past four weeks. Its circulating supply ratio is already quite high, meaning little new KAS is left to enter the market, while rising interest rates and inflation are making the broader macro backdrop less friendly to speculative assets. Taken together, this coin analysis finds the bullish and bearish signals roughly balanced: softer near-term momentum weighs against the monthly gain and the project's mature supply profile.
Oct 9, 2026, 8:07 PM
NeutralNeutral · 68% confident
Kaspa trades at $0.04138929, with a market capitalization (price times circulating supply) of about $1.15 billion. The price is up 15.84% over 30 days, although it remains down 3.22% over seven days despite a 9.09% rebound in the latest 24 hours. Kaspa's development history includes 1,694 merged pull requests, but zero commits during the past four weeks raise questions about current momentum. The Fear & Greed Index is 59, labeled Greed, but its decline from 67 over seven days shows that market optimism is cooling. Nearly 96.67% of the maximum supply is already circulating, limiting the amount of theoretical future issuance. For investors, the monthly recovery and mature supply profile are constructive, while weaker recent development, restrictive economic conditions and fading sentiment keep the overall picture balanced.
Sep 27, 2026, 12:03 PM
NeutralNeutral · 64% confident
Kaspa is changing hands at $0.04862702 after a 10.23% jump in the past 24 hours, a 25.85% climb over seven days, and a striking 69.02% surge over the last month. The Fear & Greed Index sits at 70 (Greed), reflecting strong optimism across the market — but that same enthusiasm raises the odds that sentiment has outpaced the underlying evidence. On the development side, Kaspa's track record shows 1,694 historically merged code changes, yet zero commits over the past four weeks, which makes the current pace of technical progress harder to read. Roughly 96.59% of the maximum supply is already in circulation, capping future dilution risk, though the release schedule needed to judge near-term supply pressure wasn't available. For anyone doing coin analysis on Kaspa right now: the momentum is undeniable, but rising inflation, a stronger dollar, elevated market optimism, and missing network-flow data all cloud the question of how long this rally can hold.
