Chapter 08 · Price and risk

What it’s worth, and what could go wrong.

Price and size today, next to things you know, and the plain risks. Not advice.

Price$0.0314+1.0% in 24 h

$870Mprice × coins out

Rank#77among all coins

From its peak−85%high $0.207, Jul 31, 2024

Sizes on one ruler. Each step right is ten times bigger. Kaspa is about 1/1,800 of Bitcoin and about 1/31,000 of all the gold above ground.

Recorded Nov 4, 2026, 07:30 CET from the CoinGecko API. Updating…

This page explains; it doesn’t recommend. Only put in what you could lose entirely.

The questions evidence has not settled, this chapter's included: open questions.

The one sentenceThe price is set by a thin market and swings hard; the supply behind it never changes.

The exact version

The same chapter with the workings shown: the derivations, the edge cases, and the numbers behind the plain version.

Is it an investment? The plain risks

Is it an investment?

It’s a bet on use. There’s no company, no earnings and no dividend. The price moves only with what people will pay for the coin, which depends on whether Kaspa gets used.

It swings hard. KAS is 85% below its July 2024 high.
It can go to zero. Most coins ever launched are now worth close to nothing.
Fees must take over. Security is paid by new coins today. If fees don’t grow, miners leave and security drops (see Who got the coins).
Few buyers at any moment. About $20 million traded in a day to Nov 4, 2026. A big sale can move the price a lot. CoinGecko
Competition. Ethereum, Solana and others are larger and already host most apps.
Your keys, your problem. Lose the seed words and the coins are gone. Exchanges can fail or freeze withdrawals.
Rules can change. Taxes and exchange rules for crypto differ by country and still shift.

Six rounds, one published number per coin each. Kaspa loses most of them.

Tap a round for its sources.

How certainty grows

Slide the burial deeper and the catch-up chance falls off a cliff. Slide the attacker's share up, and even a deep payment wobbles.

Attacker's share of the mining power 10% Blocks buried, counted in blue score 6

The classic catch-up calculation from the Bitcoin paper, computed in your browser. Kaspa counts burial in blue score rather than blocks; the shape is the same, and the fall is the point.

Sources and the raw numbers

Every tile is a published figure, checked Nov 4, 2026: block times and finality from each project’s own docs (Solana’s from its slot-time and Alpenglow pages), node memory from each client’s minimum requirements. Tap a round for its links. The board is styled after Fenway Park’s hand-turned scoreboard.