This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Kaspa (KAS) coin has experienced a significant surge, reaching a record high of $0.13 on November 16. This surge has resulted in monthly gains of over 200%. The trading volumes have also increased, indicating high demand for the coin. The social dominance of the coin has peaked on the same day, further fueling bullish sentiment. The initial surge was influenced by Grayscale’s re-filed application for a spot Bitcoin ETF, but a recent collaboration has also played a role. Uphold, a digital trading platform, has fully integrated the KAS coin, allowing users to move it between Uphold and external wallets. Kaspa is a proof-of-work cryptocurrency that utilizes a GHOSTDAG protocol, which is a variation of a blockDAG. This protocol allows for high block rates while maintaining security. Kaspa’s current main net operates at one block per second, but there are plans to increase this to ten or even 100 blocks per second.