Kaspa KAS

Where KAS sits in the market

At #73, Kaspa sits in the bottom of the large-cap band, adjacent to the mid-cap cut-off. Down here the large-cap label is doing less work than it appears to. KAS is one revision away from the mid-cap band, and the practical consequences of crossing that line — index eligibility, market-maker commitments, how much size the book absorbs — change well before the ranking does.

CryptoPingAi is currently streaming 3 live KAS order books (Gate.io, MEXC, HTX). That is thinner coverage than a #73 ranking would normally imply — a move on one of these books is close to the whole market for KAS, with no deep second venue to arbitrage it back. None of the books we see for KAS are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

KAS against its all-time high

KAS is 83.3% off its $0.2074 high (on 2024-08-01). At this depth the arithmetic turns against a recovery narrative: getting back to the record takes 6.00x, not a rebound. The high is better read as the marker of a completed cycle than as a target — most of the holders above spot are underwater by enough that their behaviour on the way up is supply, not demand. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

KAS across its historical range

KAS has traded across a 1,213x range, between $0.00017105 and $0.2074. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

At 202x above the $0.00017105 record low (on 2022-05-26), long-term holders sit on returns large enough that ordinary drawdowns do not change their behaviour. Distribution pressure here is a function of holder age, not of the current chart.

KAS supply structure

Of a capped 28.70 billion KAS, 27.42 billion is circulating — 95.5% issued, with 1.29 billion still to be created. The remaining issuance is small enough that emission is a second-order influence on price, but the schedule still matters for anyone modelling multi-year supply.

What kind of asset KAS is

Kaspa is a base-layer network, so KAS is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself. Because it is secured by proof of work, new KAS arrives on a fixed schedule and is paid to miners who carry real energy costs — a structural, price-insensitive source of sell pressure that proof-of-stake chains do not have.

CoinGecko files KAS under 7 categories, including Layer 1 (L1), Wallets, Proof of Work (PoW), Kaspa Ecosystem, Made in USA. Worth flagging from the metadata: KAS is tagged as US-originated.

How to set a Kaspa alert that is worth receiving

Kaspa (KAS) — quoted on 3 venues we stream — high dated 2024-08-01 — rank #73. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →