Kaspa: Soared 1520%, hitting a record high, can it hit $1?

Kaspa (KAS) is the latest altcoin to attract investor attention. The project hit an all-time high today, surging more than 19% in the past 24 hours and more than 66% last week. On the monthly chart, KAS is up over 90% and is up 2161% since last year. Additionally, the coin’s price has surged by more than 1520% since January 2023.

The circulating supply of Kaspa (KAS) is 21.44 billion coins. On the other hand, the maximum number of tokens is capped at 28.7 billion. Therefore, the total number of tokens currently in circulation is approximately 74.7%. It remains to be seen whether the rise will continue. If the project reached $1, it would represent an increase of approximately 1062%. However, $1 seems unlikely at the moment. Moreover, KAS may soon face adjustments.