What is Kasta (KASTA) crypto and why is it rising?

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What is Kasta (KASTA) crypto and why is it rising?

What is Kasta (KASTA) crypto and why is it rising?
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Highlights:

  • Kasta (KASTA) claims to be a next-gen peer-to-peer (P2P) payment platform aiming to provide an alternative to mainstream mobile payment solutions.
  • The KASTA token can be traded on exchanges like Bybit, Gate.io, etc.
  • It returned over 5% gains in the last seven days.

The Kasta (KASTA) crypto has been drawing investors' attention after it signed an agreement with Swiss racing driver Ralph Boschung for the Formula 2 Championship. The KASTA token was up over 2%, while its volume increased by more than 51% in the last 24 hours to Monday afternoon.

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What is Kasta (KASTA) crypto and why it is rising?

Kasta (KASTA) claims to be a next-gen peer-to-peer (P2P) payment platform aiming to provide an alternative to mainstream mobile payment solutions. It is built on the Polygon network. Its hybrid-decentralized system allows users to send or receive cryptos instantly without any fees.

Kasta was co-founded by Carl Roegind, Sebastian Appelberg, and Hans H Lusmagi. Kasta’s wallet solutions offer users easy swapping facilities for fiat currencies and cryptos.

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It aims to promote a crypto economy by making cryptocurrencies a viable medium of exchange. It claims to be an incredibly easy-to-use app. The token is available on Bybit, Gate.io, QuickSwap, etc.

On Monday, Kasta announced that its staking is available on ByBit. Various crypto firms have been venturing into the Formula Championship space lately.

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Kasta (KASTA) crypto price and performanceData Source: CoinMarketCap.com

Bottom line:

The KASTA token was priced at US$0.2261 at 1:18 pm ET on April 25, up 2.97%, while its volume jumped 51.42% to US$907,568 in the trailing 24 hours to Monday afternoon. It has a market capitalization of over US$52.78 million, and its fully-diluted market cap is US$339.20 million.

The token has a maximum and total supply of 1.50 billion, and its self-reported circulating supply is more than 233.42 million. It gave a return of 5.51% in the last seven days.

The token saw the highest price of US$0.3114 and the lowest price of US$0.2122 in the last 30 days. It reached its all-time high of US$1.49 on January 5, 2022, and its all-time low of US$0.2122 on April 25.

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