Kaspa (KAS) has experienced a significant surge of over 60% in the altcoin market in the past two weeks. This cryptocurrency is based on the GHOSTDAG protocol, which offers advantages such as higher throughput and faster confirmation times compared to traditional blockchain consensus mechanisms. The Kaspa team recently announced the 10BPS feature, which promises transaction speeds of up to 10,000 transactions per second (TPS) on the KAS testnet. This is a substantial improvement over the transaction speeds of major cryptocurrencies like Bitcoin and Ethereum. The Kaspa blockchain also boasts scalability and security features, making it appealing for developers and users. In terms of market performance, KAS has outperformed both the global cryptocurrency market and similar Layer 1 cryptocurrencies in the past seven days. Despite facing resistance at $0.02609, KAS may continue its bullish momentum and reach new all-time highs if it can attract more participants. Alternatively, the $0.02449 level may act as a support floor in the event of a price drop.
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