Kaspa (KAS) Value Up Only 17% Despite Bull Run, Traders Jump To

The Kaspa token has not seen the same bullish success as many cryptocurrencies this week from the Ethereum spot ETF approval rumors. On the week it’s value has increased by only 14.8% and 16.3% on the month. This stagger in value is causing many investors to sell and move, many following a continuing trend of migrating funds to the Mollars (MOLLARS) ICO.

What is Kaspa blockchain?.

Kaspa (KAS) token is the native cryptocurrency of a new blockchain platform. It has a value of $0.13 [cents] today. This is $0.04-cents under its all-time high, reached on February 22nd.

The reason the Kaspa blockchain platform is unique is its ability to resolve the creation of multiple ‘blocks’ on its chain at the same time. This unique process is known as Block Directed Acyclic Graph aka BlockDag.

Many blockchains can not create multiple blocks at the same time, instead they select 1 to create and discard all others. This is known as ‘orphaning blocks,’ a discarding & declining of data.

Kaspa’s offering a solution to this issue, making it a more scalable solution than most. This includes being more scalable than the chain it’s inspired by — Bitcoin-blockchain.

As other blockchains however, Kaspa needs 2 things; miners and adoption. Brand value needs to be created and various brands need to begin using the faster, more reliable blockchain to complete crypto transactions for its ecosystem to work.

What is Kaspa (KAS) token used for?.

The $KAS token itself is a derivative of the Kaspa blockchain. Blocks are generated on the computers of independent miners and as those blocks are created, so are KAS tokens.

These tokens are both used to pay the block miners and allow traders to invest and gain from the growth of the Proof-of-work x blockDAG blockchain.

Thus far unfortunately, the token’s growth has been stunted. While memecoins like Pepe and Shiba Inu saw growth of their values by +50% and +115% in the past month, Kaspa (KAS) is far behind. The KAS token only rose in value +15%.

A positive nonetheless, the +15% does signal that the token’s struggling to reach a bigger audience and investors are moving away. The +15% is the best case scenario but holders trading at a more rapid rate or who simply want bigger ROI yields appear to have begun moving funds to other directions.

Kaspa (KAS) Traders Moving Funds To Mollars Token Presale.

In a data analysis of the Mollars ICO, it appears Kaspa (KAS) token holders have become one of the top 10 most heavily vested in the project.

As the Initial Coin Offering saw a huge surge in presales, paralleling the crypto market’s current bull run, Kaspa token migrants now make up over US$60,000 of the ICO’s funding pool.

Priced at $0.55 [cents] per token today, this means Kaspa’s migrating holders own over 109,000 $MOLLARS before its CEX/DEX...

https://cryptonews.com/news/kaspa-kas-value-up-only-17-despite-bull-run-traders-jump-to-mollars-ico.htm

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