The most successful cryptocurrency of July is named

Editor’s note: not financial advice!

Cryptocurrency Kaspa (KAS) has shown significant growth in recent months. This dynamics made altcoin one of the best performers in July 2023.

At the time of writing, the digital asset is trading for $ 0.045, which is 10% more than 24 hours ago. In addition, over the past 30 days, the KAS rate has jumped by 91%. Over the year, the token has managed to grow by a record 6525%.

Most analysts note: Kaspa «remains an enigma in the blockchain world.» In addition to its own community, which played a crucial role in the growth of the token rate due to the constant accumulation of KAS, there were other reasons for Kaspa’s growth. Among them is the emergence of buyers from other protocols. For example, the Ethereum community of traders helped to increase the attractiveness of the crypto asset.

Experts noted that Kaspa creates an ecosystem in which utility and productivity are top priorities, unlike other startups whose creators want to get rich quick. Kaspa can process up to 100 blocks per second, providing high throughput.

Despite the significant growth of KAS, many experts say that this project is still extremely underestimated and has huge development prospects. The Kaspa developers assured that users will soon see a series of network updates and the launch of new decentralized programs.

As a reminder, Kaspa was included in the list of the top 5 promising cryptocurrencies that cost less than $ 0.1. According to analysts, Kaspa, Dogecoin, XDC Network, TRON, and Casper Network are «showing strength» even amid bearish market sentiment.