Kaspa is showing signs of life again. The price jumped 12.54% today, and trading volume climbed nearly 40%. KAS price is now trading at $0.06833, and this move comes as on-chain activity is also starting to pick up after months of slowing down.

According to a post from Kaspa Report on X and data from KasPalytics, there’s been a clear recovery in daily transactions so far in April. The lowest day this month saw 20,610 accepted transactions, almost 50% more than March’s lowest point. April’s daily median is also up around 19%, hinting that the six-month drop in network activity might be coming to an end.

Looking at the broader trend, KasPalytics data shows that Kaspa hit a bottom near 10,000–20,000 daily transactions in March. Since then, things have been moving in the right direction. Last year, Kaspa had several spikes in activity between August and December, with some days hitting over 10 million transactions. That hype faded in early 2024, but the recent uptick might be the start of a new cycle.

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While network usage is increasing, the report notes that miner income has not followed suit. A faster reduction in block rewards due to emissions decline has limited the profitability of mining. This disconnect means that network growth alone has not yet translated into stronger miner participation or sustained upward price pressure.

However, KAS has shown a sharp move in the past 24 hours, suggesting that price may be starting to respond. Kaspa price increase could be a reaction to both improved network metrics and anticipation of future scarcity driven by the token’s stock-to-flow (S2F) model.

The Kaspa Report also discusses the KAS/BTC ratio, stating that it may have moved from late-stage capitulation into early recovery. According to the post, the S2F ratio of Kaspa is expected to rise faster than Bitcoin’s over the next few years, potentially leading to a strong trend through 2026–2027. The report forecasts this momentum may peak by 2028, around the time of Bitcoin’s next halving.

The tweet also outlines the potential for Kaspa to reach the top 10 cryptocurrencies by market capitalization in the coming years. While this scenario remains speculative, the recent network performance and KAS price action point to increasing market attention.

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The post Kaspa’s Quiet Surge: Why Rising Activity Could Signal KAS Price Reversal appeared first on CaptainAltcoin.

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