Kaspa is gearing up for two major updates that its proponents believe could catapult it into the cryptocurrency top 10 during the next bull run. Crypto influencer Crypto Archie recently highlighted these updates in a video, suggesting they could drive Kaspa’s native token KAS to $5 or higher.
Currently ranked 25th by market capitalization, Kaspa has been holding steady near its all-time highs despite not yet being listed on major exchanges like Binance, Coinbase, or Crypto.com. However, such listings could be on the horizon as the project gains traction.
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Major Update 1: KRC2 Token Standard
The first major update is the introduction of KRC2, a new token standard similar to Bitcoin’s BRC2. This will enable various projects, including meme coins, to be built on top of Kaspa. The high speed, security, and decentralization of Kaspa’s network are expected to make it an attractive base layer for developers.
By acting as the gas token for transactions on KRC2 projects, Kaspa’s utility and demand are poised to increase significantly in the short term with this update’s rollout. Kaspa aims to solve the blockchain trilemma by being a truly decentralized yet scalable and secure network.
Read Also: Should You Take a Loan to Buy More Kaspa (KAS)? Top Analyst Weighs In
Major Update 2: Stablecoin Integration
The second major update teased by Crypto Archie is the integration of stablecoins, particularly Tether (USDT), into Kaspa’s ecosystem. He cited an interview where Kaspa developer Shai Dash hinted stablecoins on Kaspa may arrive sooner than expected.
Adding stablecoins would enhance Kaspa’s usage and could attract users from other chains currently leveraged for USDT transfers like Tron. This would boost the utility and adoption of the Kaspa blockchain.
While the specific timelines are uncertain, these updates have Kaspa’s avid community excited about the project’s potential. The dedication of this growing user base will be key to driving the usage of KRC2 projects and stablecoin transfers on Kaspa.
With its purportedly superior technology, Crypto Archie believes Kaspa can outperform many current top 20 projects that it is participating in its first true bull cycle. He has set a near-term price target of $2 to $4 for KAS but sees potential for it to reach $5 or higher.
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