A video posted by “The House Of Crypto” addressed a topic related to whether Kaspa can still provide life-changing gains. Kaspa has grown so much in the last 18 months, gaining more than 4,000% since January till now. Kaspa is currently described as one of the top-performing coins in the current bull market.
Based on the video, there is a lack of detailed information on YouTube about Kaspa. Even though the crypto launched during a bear market in 2022, it has seen a massive increase.
The community is aiming for Kaspa would become digital silver for peer-to-peer transactions, which would operate with Bitcoin (digital gold)
The crypto uses a Directed Acyclic Graph (DAG) technology instead of the traditional blockchain. This allows for parallel transactions, making Kaspa (KAS) much faster than Bitcoin.
Kaspa’s block time is around 1 second, which makes it better than Bitcoin’s 10 minutes. The crypto also solves the blockchain trilemma of decentralization (by being fairly launched), scalability, and security.
Doge2014 raises 450K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +What you'll learn 👉
Can KAS Outperform SOL and AVAX?
Kaspa’s market cap is currently $4.2 billion, which is still much lower than Avalanche’s $12.7 billion and Solana’s $83.4 billion.
Kaspa is currently limited in terms of transactions per second but is continuously upgrading. Kaspa’s growth has been largely speculation-driven, similar to how Solana grew in the past.
Kaspa lacks EVM compatibility, which limits its ability to support decentralized applications. The coin has seen significant gains but may face challenges due to its speculative nature and current lack of high transaction volume.
Kaspa would need a 3x increase in market cap to match Avalanche and a 44x increase to match Solana. The potential to outperform Solana and Avalanche depends on Kaspa’s continued technological improvements and market adoption.
Solana and Avalanche have grown significantly due to strong fundamentals and partnerships, which Kaspa would need to replicate or exceed.
Read Also: Here’s SEC’s Agenda for the Ripple Meeting as XRP Price Pumps
Kaspa’s Possibility for Life-Changing Gains
The video suggests that while Kaspa has strong speculative potential, life-changing gains (10x or more) from current prices would be very optimistic.
Kaspa has already seen significant growth, so future gains might be more moderate. Life-changing gains would require substantial adoption and technological advancements.
Kaspa is inflationary, with 90% of its tokens in circulation. Speculative growth is a major driver, and future price increases may rely heavily on retail investor interest.
The project’s success could depend on its adoption and potential integration with decentralized applications in the future.
The video advises caution due to Kaspa’s speculative growth, comparing it to the historical Tulip Mania. The presenter also emphasizes the importance of fundamentals over speculative hype in the long term.
Kaspa has strong speculative potential and could see significant gains if it continues to develop and gain adoption.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
