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Today's selection:
- 🧐 What the hell is $KAS?
- 🔶 CZ among the US leaders?
- 📰 Bite-Sized News
- 👌 Meme of The Day
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Prices as of 10:00 AM EST. Click here to see live data.
The recent recovery in Bitcoin's price was short-lived, as it dipped below the USD 36,000 level yesterday.
It's now attempting to climb back up, but trading volumes are down by about 7% from yesterday morning and roughly 25% from last week.
Trending
Kaspa $KAS & recent drivers?
This is what's going down:
First of all, Kaspa is a Layer-1 blockchain that operates on Proof of Work (PoW).
Since the Ethereum Merge, which marked the shift from PoW to PoS, there's been finally significant growth in the market.
Has anyone figured out where the rise of $KAS came from?
Connecting the dots...
After the merge, miners were left searching for new options.
Not everyone chose to sell their equipment. For these miners, it's more than just equipment - it's a part of their lifestyle.
As a result, players like $KAS stepped in to fill the gap left by Ethereum.
Key takeaways:
- The hype around Kaspa is driven by still using Proof of Work, a method many other big cryptocurrencies, like Ethereum, are moving away from.
- It especially became popular with miners who needed a new option after Ethereum changed its system.
Meme of the day 😂
And you can't remember your private key either…
