The Kaspa cryptocurrency (KAS) resists price declines and is the asset with the best weekly performance within the top 100 by market capitalization.
In the last 7 days, the price of kaspa went from 0.043 to 0.06 dollars, which represents an increase of 40%as seen in the following graph:
This great performance raises the question: what is behind the strong rise of KAS?
The novelty that drives this price increase is the launch of Kaspa Bridgea multi-chain bridge compatible with the Ethereum Virtual Machine (EVM).
This development allows Kaspa to be integrated with between 30 and 40 EVM networks, enabling for the first time the native movement of assets towards a much broader decentralized finance ecosystem.
Kaspa Bridge joins Crescendo, another of the improvements that the ecosystem has implemented this year. As CriptoNoticias has reported, Crescendo seeks to increase the production of blocks from 1 to 10 per second.
Meanwhile, the KAS whales they are buying in a big way. The data on-chain show that several wallets increased their holdings in recent daysincluding top 10 addresses and exchanges like MEXC and Uphold.
When big players start accumulating in this way, it is usually a sign that major price moves are comingsomething that has historically preceded trend changes in the market.