Kaspa Hashrate Peaks – Why This is Bullish for KAS Price

Analyst “?????? ?????????” recently announced on Twitter that Kaspa’s hashrate has peaked at 645 PH/s. The hashrate has consistently been one of the strongest value propositions for Kaspa.

A recent Tweet from analyst “Crypto Proselyte” has revealed that Kaspa's hashrate has attained a peak of 645 PH/s. Hashrate has emerged as one of the strongest value propositions for Kaspa.

Over the past week, the KAS price has experienced a moderate increase of 3%, currently trading around $0.18.

Marathon's Impact on Kaspa Mining彙集

Around a month has passed since Marathon Digital Holdings (Mara) announced that they had begun mining KAS in an effort to diversify their portfolio. During this period, Kaspa's hashrate has increased by approximately 100 PH/s.

While we are aware that Mara had acquired 60 PH of mining machines, the additional increase suggests that other major Bitcoin mining companies may have joined Mara in mining KAS, likely due to its higher profitability compared to Bitcoin.

Some have speculated that Mara might sell their mining profits to purchase more Bitcoin, but this seems unlikely for several reasons:

The adoption of Kaspa appears to be on track, with increasing interest from both individual and institutional miners. As more players enter the Kaspa mining space, we may see continued growth in both hashrate and network stability.

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While the current price movement has been modest, the increasing hashrate and growing adoption could potentially lead to more significant price action in the future.

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