Kaspa (KAS) has been climbing the market cap rankings over the past year. Its price has also been surging higher for a long time, with only a little period of correction. In just the last 12 months alone, KAS has skyrocketed by over 1,000%. According to Crypto Jon, a popular YouTuber with over 60,000 followers, the coin has what it takes to soon break into the top 10 cryptocurrencies by market capitalization.
In a YouTube video titled “Kaspa (KAS) Will Be a Top 10 Coin!!,” the crypto analyst lays out his bullish case for the upstart digital asset. Kaspa is currently ranked #25 on CoinMarketCap, an impressive feat considering it is not yet listed on major exchanges like Kraken, Gemini, Crypto.com, Binance or Coinbase. For now, it trades on smaller platforms such as Uphold, Mexc and KuCoin.
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Technical Strengths & Community Support
So what makes Kaspa so promising in Crypto Jon’s eyes? For one, its recent integration of smart contracts (dubbed KC20) and use of the increasingly popular Rust programming language demonstrate strong technical fundamentals.
Despite its limited exchange availability, Kaspa already boasts a significant $70 million daily trading volume on par with major crypto listings. This high liquidity is viewed as a leading indicator of widespread adoption to come.
Kaspa also ticks boxes when it comes to its community-driven distribution model and fair launch with no pre-mine or ICO. With a decentralized supply split between nearly 3,000 smaller holders and the top 100 whales, the project seems to avoid centralization issues that have plagued some other cryptocurrencies.
Read Also: Crypto Analyst Says Kaspa Against Bitcoin is ‘Pure Beauty’ – KAS Price Rally Incoming?
The Path to a Top 10 Ranking
Given Kaspa’s approximately $4 billion current market cap and steadily increasing circulating supply set to hit 90% next year, Crypto Jon sees a clear path for it to join the crypto elite soon.
He likens Kaspa’s potential to digital silver, with Bitcoin being digital gold, hinting at its utility and ubiquity down the road. While cautioning investors to be patient and buy any near-term dips, his analysis concludes that a top 10 ranking is all but inevitable, perhaps coming even before a major exchange listing.
With its combination of technical prowess, community backing, and rapidly growing adoption, Kaspa appears well-positioned to become the next crypto heavyweight if the current momentum continues. Only time will tell if it lives up to these lofty expectations from one of the space’s most followed commentators.
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