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Kaspa
KAS#82
$0.028612-0.49%
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 November 6, 2026
This analysis is refreshed automatically in the background.
Rating
Bearish80% confident
Confidence
Summary
Kaspa (KAS) is changing hands at $0.02956652, down 9.44% over the last 24 hours, 14.05% over the past week, and 31.15% over the past month. This drawn-out slide is unfolding against a backdrop of rising US interest rates, stickier inflation, and a GitHub repository that's shown zero code commits in four weeks. There is a brighter note: the Fear & Greed Index jumped from 30 to 50 in just seven days, moving out of Fear territory into Neutral—though Neutral still means the market isn't leaning strongly either way. Another point worth weighing is that 96.83% of Kaspa's maximum supply is already in circulation, meaning there's little future issuance left to dilute holders. Taken together, this coin forecast reflects a market where improving sentiment and a largely-distributed supply offer some cushion, but weak price momentum, dormant development, and a tough macro backdrop keep the medium-term picture on shaky ground.
📰 Current News & Events
There's no current news tied to Kaspa's recent slide, so the drop can't be pinned on any verified project-specific headline or event. The 14.05% weekly loss and 31.15% monthly loss have played out while US interest rates and inflation both climbed—conditions that typically cool demand for speculative assets. Despite this, broader market sentiment has bounced back to Neutral, suggesting the overall crypto mood brightened even as KAS kept sliding.
📈 Price Movement Analysis
KAS has dropped 9.44% in a day, 14.05% in a week, and 31.15% in a month—a pattern that looks like sustained erosion rather than a one-off dip. At $0.02956652, the coin sits roughly 85.7% below its all-time high of about $0.2074, set back in July 2024. Rising rates, hotter inflation, and the lack of recent visible code updates all line up with this weakness, though none of them can be singled out as the definitive cause. Trading volume stands at $11.68 million, confirming the market is still active—though volume alone can't tell us how many distinct traders are behind that figure.
Strengths
✅The Fear & Greed Index climbed 20 points in a week, moving from Fear (30) to Neutral (50)—a meaningful shift in overall crypto-market mood.
✅Roughly 27.79 billion KAS are already circulating out of a maximum supply of 28.70 billion, putting the circulating ratio at 96.83%. That leaves comparatively little future issuance still to come.
✅Kaspa's development history shows 1,694 merged code contributions and 272 closed issues—solid proof of substantial past engineering work, even if recent activity has gone quiet.
✅The US Dollar Index slipped slightly. A softer dollar offers a mild counterbalance to tighter rates, though the move itself is minor.
Risks
⚠️Price momentum is weak across the board: down 9.44% in a day, 14.05% in a week, and 31.15% in a month. KAS also remains about 85.7% below its historical peak.
⚠️GitHub shows zero code commits (saved code changes) over the past four weeks—a sign of stalled visible development, despite the project's stronger track record.
⚠️The key US policy rate rose from 3.75% to 3.88%, while annual consumer inflation climbed from 3.71% to 4.02%. Higher borrowing costs and renewed inflation pressure tend to dampen appetite for speculative assets.
⚠️No token-unlock schedule is available in this coverage, which limits visibility into near-term changes to supply.
📊 Macro context
The US policy rate climbed to 3.88% from 3.75%, and annual consumer inflation rose to 4.02% from 3.71%—a tougher backdrop for speculative assets like KAS. The Fear & Greed Index now sits at 50 (Neutral), up from 30 a week ago; sentiment has clearly improved, but it hasn't swung into optimistic territory. The US Dollar Index eased by 0.07 points, a small offsetting factor against higher rates and inflation. Among tracked top stablecoins, total value sits at $259 billion, down 1.3% over seven days and 3.7% over thirty—a liquidity snapshot of a fixed selection rather than the full stablecoin market. No specific regulatory event stands out as a trigger for Kaspa's current move, leaving interest rates, inflation, and shifting sentiment as the main macro forces at play.
❓ Frequently Asked Questions
Is Kaspa a good investment right now?
This coin market analysis points to a predominantly strained picture: persistent price weakness, stalled recent development, and worsening interest-rate and inflation conditions outweigh the improving market mood. The Neutral Fear & Greed reading and high circulating-supply ratio keep the overall picture from being uniformly negative, but they don't offset the broader risks.
Why is Kaspa's price dropping right now?
KAS is down 9.44% over 24 hours, 14.05% over the past week, and 31.15% over the past month. No verified project-specific news explains the move, but it coincides with rising US interest rates, climbing inflation, and zero visible code commits over the past four weeks.
What are Kaspa's biggest strengths and risks at the moment?
The main strengths are the Fear & Greed Index's recovery to 50, a 96.83% circulating-supply ratio, and Kaspa's substantial historical development record. The main risks are the ongoing price decline, the absence of recent code activity, tighter macroeconomic conditions, and limited visibility into upcoming supply changes.
Generated Nov 6, 2026, 12:13 AM·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.
Extreme FearIndex 207d trend: falling
Historically extreme bearish sentiment
The market is deeply nervous. Looking back, these phases for BTC often coincided with local bottoms as long as fundamentals held up.
Historical BTC performance
When the index sat between 20 and 39, BTC historically moved an average of +8.0% after 30 days and +22.0% after 90 days.
Kaspa (KAS) is changing hands at $0.03278844, down 10.1% over the past 24 hours, 12.6% over seven days, and 25.8% over the last month. The Fear & Greed Index has slid from 51 to 30 in just a week, now firmly in Fear territory and reflecting a sharp souring of crypto-wide sentiment. That weaker backdrop is compounded by a rising federal funds rate of 3.75% and inflation at 4.02% — conditions that typically make it harder for speculative assets to find support. Adding to the concern, Kaspa has seen zero GitHub commits over the past four weeks, a weak signal for current development activity despite a solid historical record of 1,694 merged pull requests. One bright spot: 96.79% of the maximum supply is already in circulation, leaving little room for future dilution. Taken together, falling prices, fearful sentiment, tighter macro conditions, and stalled coding activity paint a predominantly strained medium-term picture for this coin analysis.
Oct 20, 2026, 8:14 PM
NeutralNeutral · 74% confident
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.
Oct 16, 2026, 4:06 PM
NeutralNeutral · 72% confident
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.
