Kaspa Price Bounces Off Critical Demand Zone Amid Mining Revival

Kaspa's price has been hit hard, plummeting around 87% from its all-time high of $0.2075 to around $0.02615 at the time of writing.

Despite this decline, Kaspa's underlying network metrics are showing signs of strength.

The project's tokenomics stand out among rivals due to its limited future supply expansion and relatively diversified ownership structure.

Mining activity has also started to recover, with a modest increase in hashrate from 276.9 PH/s to around 320 PH/s in early August.

This trend is reflected in user activity as well, with roughly 30,000 daily transactions and an increase in active addresses.