Why is Kasta (KASTA) token attracting investors today?

Kasta (KASTA) token is dubbed to be a borderless and instant peer-to-peer payment network for all crypto transactions. Based on trust and convenience, Kasta’s overall aim is to guide the world to crypto adoption and help steer the financial system towards a more crypto-driven economy.

Besides facilitating a traditional peer-to-peer payment system, it offers the users on-ramp and off-ramp facility that allows the fiat currency to be seamlessly used by crypto beginners. Its wallet services provide features such as easy-to-use wallets and buy now, pay later payment solutions.

On Thursday, KASTA was rallying by 23.84% with a volume gain of 68%. 

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Why is Kasta unique?

Kasta in a way is a unique crypto payment service, which aims to challenge several issues such as costly transaction fees or slag in transactions, which are frequently faced by fiat payment systems. Due to this, the traditional fiat payments often face bottlenecks and therefore, have been urging for an efficient, fast, and secure payment system.

With its faster, cheaper, and efficient system Kasta caters to the users’ needs. It allows the easy swap facilities, irrespective of whether investors use fiat or cryptos as a mode of payment. But for a very long time now, the users have been urging the project developers to make a specialised app that would cater to the needs.

Kasta’s community has been urging for a specialised app service, which would help them to see the latest developments. On 12 January, Carl Roegind, co-founder and CEO Kasta in a video message, said it will soon be coming out with the specialised app in Q1 2022.  

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How is Kasta is faring?

Kasta token is currently ranked 2885 and at the time of drafting was trading at US$1.00 with a volume of US$9,101,106 over a day. Kasta token has been up by 24.74% in the past 24 hours. Volume wise, it was up 77.36% with market cap and supply not being available.

Conclusion

Kasta tokenomics look impressive but market experts are not just ready to give it positive ratings. Many market influencers are now happy with the project’s long-term vision and believe that it still has some way to go before it can call itself a strong payment service project.

The road ahead looks promising, but not many are showing interest and are adopting a wait-and-watch approach to see how the project unfolds in the current quarter.