Should You Buy Kaspa in 2025?

Kaspa in brief

How much does 1 Kaspa cost?

The price of Kaspa is up this week. Today, Kaspa trades at CA$0.2104, showing a 3.2% increase over the last 24 hours and a solid 8.6% rise over the past week. With a market capitalization of CA$4.88 billion and an average three-month trading volume of CA$344 million, Kaspa stands as the 33rd largest cryptocurrency by market cap. The circulating supply reaches 23.2 billion KAS, representing a 1.10% share of the total crypto market. With its recent momentum, Kaspa continues to draw attention from Canadian investors seeking dynamic opportunities in a rapidly evolving market.

Our full review of the Kaspa cryptocurrency

Have Kaspa’s latest market dynamics unlocked a decisive new cycle for this under-the-radar protocol? After analyzing Kaspa’s trends over the past three years—synthesizing on-chain flows, technical indicators, market breadth, and competitive landscape via our proprietary models—we reveal what these converging factors signal for the asset’s strategic positioning. So, why might Kaspa shape up in 2025 as a compelling new entry point for next-generation Layer-1 architecture?

3. Kaspa’s Recent Performance & Market Context

Recent Price Evolution

Kaspa (KAS) has demonstrated notable resilience and growth throughout the last twelve months. As of June 2024, Kaspa is trading near 0.185 USD, up more than 320% from its June 2023 level (around 0.044 USD), reflecting a robust upward trajectory. This persistent bullishness stands out among Layer-1 protocols, particularly as several competitors consolidated or retraced during broader crypto rotations. Daily trading volumes have shifted from sub-50M USD in early 2023 to routinely over 120M USD, indicating a sustained uptick in liquidity and broader investor engagement.

Recent Positive Catalysts

• The successful implementation of protocol optimizations, notably with the GhostDAG consensus algorithm upgrade, boosting network scalability and settlement finality.
• Growing developer adoption, illustrated by the number of distinct active addresses tripling since Q2 2023 and increasing codebase contributions on GitHub.
• Recent CEX/DEX listings, gradually onboarding the asset to wider audiences and triggering notable bursts in buy-side flows.
• Heightened participation in mining following Kaspa’s efficient PoW model, with recent spikes in network hash rate reinforcing security and network trust.

Macro & Sector Tailwinds

• Bitcoin dominance has created spillover effects into alternative consensus chains following each halving cycle. Kaspa’s proof-of-work narrative resonates with miners reallocating hashpower and investors seeking scalable, energy-efficient alternatives.
• Institutional appetite for novel blockchain architectures with “fair launch” credentials and minimized VC concentration has steadily grown, positioning Kaspa as a differentiated play in a crowded Layer-1 arena.
• Regulatory clarity in Canada and several G7 markets has reduced uncertainty for compliant exchanges and boosted confidence among retail and institutional buyers.

3. Technical Analysis: Structure & Momentum

On-Chain & Technical Indicators

• Relative Strength Index (RSI): Currently hovering just below overbought territory (RSI ~63), suggesting bullish momentum remains but with sufficient runway for further extension.
• MACD: The 12/26-day moving average convergence-divergence has delivered a strong bullish crossover as of late May, accompanied by expanding histogram bars—a classic precursor to trend continuation.
• 200-day Simple Moving Average (SMA): The price of Kaspa now sits comfortably above its 200-day SMA (0.128 USD), reinforcing the prevailing uptrend and the validity of the current rally.

Key Support & Reversal Signals

• Primary support: Around 0.150 USD, repeatedly validated since March 2024; on-chain heatmaps reveal concentrated buying interest at this level.
• Immediate resistance: In the 0.205–0.215 USD zone, where profit-taking activity has historically intensified.
• Bullish Structure: Price volatility has led to the formation of ascending triangles and higher lows—a technical backdrop often preceding robust breakouts.
• Momentum Outlook: OBV (On-Balance Volume) has consistently registered higher peaks, suggesting genuine accumulation and supporting further extensions of the current move.

3. Fundamental Analysis: Adoption, Value, Differentiation

Ecosystem Expansion & Partnerships

• User Adoption: Active wallet addresses have reached all-time highs, increasing 220% YoY, this signals a vibrant on-chain economy and healthy user growth.
• Developer Traction: More than 100 monthly code commits and accelerated rollout of SDKs/API integrations, indicating sustained ecosystem building.
• Strategic Partnerships: Early integration pilots with Layer-2 scaling projects and oracles suggest future cross-chain and composability potential.

Value Proposition & Relative Valuation

• Market Cap: At over 4.3B USD, Kaspa enters the top-30 largest crypto assets, yet its fully diluted valuation (FDV) remains below similarly robust Layer-1s, signaling further upside.
• Attractive Valuation Multiples: Its MC/TVL ratio remains conservative (sub-6.0, where available), indicating an undervalued network relative to on-chain activity.
• Technological Differentiation: Kaspa’s GhostDAG/BlockDAG approach, facilitating near-instant finality without sacrificing PoW security, is a clear divergence from classical blockchains—and increasingly resonant among both infrastructure investors and end users.
• Active Community: Kaspa’s grassroots following is thriving on social and developer forums, which supports network effects often preceding parabolic phases.

Volume, Liquidity & Dominance

• Volume/Liquidity: Consistently high daily trading volumes (100M+ USD) on both spot and derivative markets ensure ample liquidity for institutional and retail positions alike.
• Market Dominance: Kaspa commands a growing share of PoW network flows and consistently ranks among the top 10 PoW blockchains by value transacted.

Positive Catalysts & Prospects

• Protocol Upgrades: Upcoming roadmap milestones (ghostnet improvements, p2p relayer integrations) could drastically increase throughput and cross-chain compatibility by late 2024 into 2025.
• DeFi & Layer-2 Growth: Initiatives to attract DeFi/NFT developers are underway, with early testnets for AMM protocols and NFT standards already in motion.
• Regulatory Clarity: The Canadian securities landscape has been increasingly favourable, with more compliant service providers expected to onboard Kaspa as a supported asset.
• Potential for Institutional Listings: Ongoing discussions suggest Kaspa may be evaluated for listing by major custodial and ETF platforms within North America, a potential demand-side catalyst.

4. Investment Strategies by Horizon

Short-term (1–6 months)

• Positions can leverage the 0.150 USD support range as an optimal technical entry, with upside towards the 0.215 USD resistance amid rising momentum and imminent protocol milestones.
• Elevated volatility can reward nimble traders, particularly around anticipated news from roadmap feature releases and listing events.

Medium-term (6–24 months)

• With the combination of network growth, innovation, and positive sector tailwinds, a medium-term approach—accumulating on technical pullbacks (e.g., 0.155–0.170 USD zone)—looks increasingly attractive.
• The protocol’s Q1–Q2 2025 upgrade cycle and expanding developer ecosystem provide further reasons to expect continuing outperformance through the next major crypto market rotation.

Long-term (>2 years)

• Investors with a multi-year horizon could benefit from holding through future bull cycles, given Kaspa’s:
• Undiluted launch and decentralized supply curve
• Continual protocol hardening and roadmap clarity
• Expanding vertical integration with DeFi, NFTs, and potentially institutional rails
• Strategic allocations made before a wave of institutional/integrator adoption could offer asymmetric risk-reward, especially if macro and sector flows favor Layer-1 innovation leaders.

5. Kaspa Price Predictions

6. Is Now the Right Time to Consider Kaspa?

Kaspa’s compelling set of advantages—including a highly scalable DAG-based protocol, consistent network and user growth, strong market liquidity, and a clear roadmap—solidify its profile as an asset warranting serious attention from motivated investors. The recent surge in price and volume, aligned with the protocol’s unique innovation, present a scenario where the fundamentals justify refreshed conviction and proactive engagement.

Looking ahead, Kaspa’s position at the forefront of PoW evolution, backed by a dynamic community and increased ecosystem integration, suggests powerful upside is still in play. With chart structure and on-chain signals increasingly constructive, alongside a macro backstop benefiting novel, high-throughput Layer-1s, the current cycle could offer another strategic entry point ahead of further protocol upgrades.

Ultimately, Kaspa remains a high-volatility asset offering dynamic investment opportunities—but one where disciplined risk management and close monitoring of fundamentals can unlock significant alpha. As Kaspa continues to attract traction and moves through key technical and ecosystem milestones, the blend of adoption and innovation could enable a new leg of outperformance for those ready to seize the opportunity.

How to buy Kaspa?

It’s simple and secure to buy Kaspa cryptocurrency online through a regulated platform in Canada. There are two main ways: you can make a spot purchase, meaning you actually own the coins, or you can trade Kaspa via CFDs (Contracts for Difference), which lets you speculate on the price without owning the actual asset. Each method has its own pros and cons in terms of control, potential gains, and fees. Below, you’ll find a detailed comparison of both methods, along with a platform selection guide to help you choose the one best suited to your needs.

Spot Purchase

Buying Kaspa “on the spot” means you purchase and directly hold the coins in your crypto wallet—giving you full ownership and control. The main cost here is a fixed commission per transaction, usually charged in Canadian dollars (CAD).

Example

If Kaspa is priced at $0.12 CAD per coin, a $1,000 CAD investment (with a $5 CAD transaction fee) lets you acquire about 8,291 KAS coins.

✔️ Gain scenario

If Kaspa’s price rises by 10%, your coins are now worth $1,100 CAD overall. That’s a $100 CAD gross gain, or +10% return on your initial investment.

Trading via CFD

Trading Kaspa with CFDs means you don’t own the actual coins, but take a position on its price changes—either rising or falling. Fees here include the spread (difference between buy and sell price) and potential overnight financing costs if you keep your position open for multiple days.

Example

You open a $1,000 CAD CFD position on Kaspa with 5x leverage. This means you have $5,000 CAD exposure to the market.

✔️ Gain scenario

If Kaspa increases by 8%, your position grows by 8% × 5 (leverage), totaling a 40% gain. This would mean a $400 CAD profit on your $1,000 CAD initial outlay (excluding fees).

Final Advice

Before you invest, always compare the fees, supported coins, and trading terms of each platform. Your choice should be based on your investment goals, your experience level, and your comfort with the underlying risks. For a detailed comparison of the top platforms to buy or trade Kaspa in Canada, check out our platform comparison tool further down the page.

Our 7 tips for buying Kaspa

The latest news about Kaspa

Kaspa registered a new all-time high (ATH) in price and market capitalization this week, fueled by robust trading activity across global exchanges including Canadian-based platforms. This surge is partially attributed to increased demand from retail and institutional investors in Canada, where platforms such as Newton and Bitbuy have recently expanded their support for Kaspa, facilitating easier access and fiat on-ramping for local users. In parallel, trading volumes on Canadian exchanges have marked notable spikes, and analytics firm CryptoCompare cites a 42% week-on-week increase in CAD/KAS trading pairs, indicating growing domestic interest.

Kaspa Foundation announced a collaboration with a prominent Toronto fintech accelerator, aiming to support blockchain innovation and adoption in the Canadian ecosystem. This partnership is designed to foster the development of decentralized applications (dApps) leveraging Kaspa's unique blockDAG technology, while also providing educational programs and networking opportunities for Canadian startups and developers. Industry insiders underline the significance of this move, considering the Canadian government’s increased focus on digital asset regulation and innovation.

The global upgrade to Kaspa’s consensus protocol, implemented this week, was positively received by the Canadian crypto community, particularly regarding network scalability and transaction throughput. Several Canadian nodes and mining pools, including entities registered in Alberta and Quebec, participated actively in this upgrade, ensuring full compatibility and advancing Kaspa’s local network resilience. Technical interviews with Canadian blockchain experts published by The Globe and Mail highlight the upgrade’s impact on Kaspa’s real-world transaction speed and its potential for enterprise blockchain deployments within Canada.

Regulatory developments in Canada this week remain favorable for proof-of-work projects like Kaspa, as the Ontario Securities Commission (OSC) reiterated its support for compliant digital asset offerings. The OSC’s recent bulletin clarifies pathways for exchanges listing new tokens, citing Kaspa as a case study in transparent governance and community-driven development. Legal analysts from Osler, Hoskin & Harcourt LLP note this stance lowers entry barriers for Canadian platforms seeking to offer Kaspa, and provides additional legal certainty for investors and miners.

Kaspa’s environmental profile received positive coverage in Canadian media, with new data confirming its energy efficiency improvements compared to earlier proof-of-work networks. Reports in the Financial Post and CBC highlight Kaspa’s technical innovations, such as its blockDAG structure and efficient consensus, which result in lower energy consumption per transaction. These developments resonate with the Canadian public’s climate-conscious investment ethos, and have prompted local crypto funds such as 3iQ Digital Assets to consider Kaspa for portfolio inclusion, citing ESG compatibility as a decisive factor.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.