Kaspa (KAS) has recently been trading at $0.1939, reflecting a 1.17% increase over the past 24 hours. This slight rise indicates a steady short-term trend, suggesting ongoing market interest and engagement.
With a market capitalization of approximately $4.72 billion, Kaspa is positioned as the 23rd largest cryptocurrency by market cap. This substantial valuation highlights its significant role in the cryptocurrency ecosystem and demonstrates considerable investor confidence in its potential.
The 24-hour trading volume for KAS stands at $85.45 million, representing a 56.09% increase from the previous day. This substantial increase in volume results in a volume-to-market cap ratio of 1.81%. This ratio, while lower compared to some other cryptocurrencies, still indicates active trading and liquidity
. A moderate volume-to-market cap ratio suggests that a decent portion of the market cap is being actively traded, which can be a positive indicator of market engagement.
Kaspa has a circulating supply of 24,321,416,074 KAS, which also matches its total supply. This means that there are no additional coins expected to be released into the market, which can be beneficial for maintaining scarcity and potentially influencing value.
The fully diluted market cap, which represents the market value if all KAS tokens were to be in circulation, is approximately $4.72 billion. This aligns with the current market cap, indicating that the circulating supply represents the total supply.
Overall, Kaspa (KAS) presents a robust profile within the cryptocurrency market. Its significant market cap and substantial trading volume reflect a strong market presence and active investor participation.
The volume-to-market cap ratio suggests healthy trading activity, while the alignment of the circulating and total supply indicates a stable supply situation.
Investors should keep an eye on Kaspa’s market performance and broader trends to make informed decisions. The current metrics suggest that KAS is an established asset with notable market activity and potential for further development.
As always, careful monitoring of market conditions and ongoing developments is crucial for navigating investments in the evolving cryptocurrency sector.
