Why Kaspa Plunged 17% This Past Week
One cryptocurrency I haven't discussed much, but which has made significant headlines lately, is Kaspa (CRYPTO: KAS). Unfortunately, this past week's price action in Kaspa, which saw this token decline 17.5% over the past seven days as of 10:00 a.m. ET, has many investors questioning whether this is a top-100 crypto project by market capitalization to invest in.
This layer-1 network, purpose-built for scalability via its GHOSTDAG protocol, enables Kaspa to process parallel blocks, which are ordered using this underlying technology, ultimately scaling to more than 100 blocks per second. Additionally, Kaspa's Crescendo upgrade, implemented earlier this year, increased its transaction speed while maintaining stability. That turned out to be a significant catalyst for investors in May, with Kaspa's native token rallying more than 100% over the course of one month.
With that said, this decline is notable and warrants further examination. Here's the key factor driving investor concern in this large-cap network today, and what to make of Kaspa's investment thesis moving forward.
Source Fool.com
