A video posted on YouTube by Crypto Future addresses a popular question as to whether Kaspa can make it into the top 10 cryptos by market cap.
The presenter expresses optimism, suggesting that Kaspa has the potential to achieve this for several reasons.
What you'll learn 👉
Kaspa’s Mining Hash Rate
The speaker mentions that Kaspa’s mining hash rate has been “going crazy” throughout the year. More companies and individuals are mining Kaspa, indicating a growing interest and adoption, which is seen as a positive sign for the project’s future.
Comparison with Cardano
The speaker draws a comparison between Kaspa and Cardano, particularly focusing on Cardano’s performance during the 2020-2021 bull run.
KAS has nearly half the maximum supply of Cardano, which the speaker suggests gives Kaspa a fantastic growth potential.
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Show more +Kaspa’s price level earlier this year is compared to Cardano’s price level at around 3 cents during the 2020-2021 bull run. Despite Cardano having no smart contracts or major development activity at that time, it managed to grow significantly.
Both projects faced similar criticisms—Cardano was criticized for not having smart contracts, just as Kaspa faced skepticism about its utility earlier this year.
Future Developments in Kaspa
The speaker notes that Kaspa is moving into smart contracts with the introduction of KRC2, which he sees as a major development. This could drive more liquidity into the Kaspa project.
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He also mentions that meme coins had a significant impact on the Solana ecosystem and suggests that they could do something similar for Kaspa. He refers to an upcoming meme coin called “Caspa the Friendly Ghost” as an example.
Kaspa Price Prediction
The speaker believes that KAS could reach a price of $3 to $5, possibly higher, depending on how things progress.
He argues that Kaspa has some advantages that Cardano didn’t have during its bull run, such as the current mining hash rate and upcoming smart contracts.
Kaspa is described as a fast, efficient, and scalable project, which the speaker sees as essential qualities for success.
The speaker is very bullish on Kaspa, advising viewers not to overlook the project as it could perform exceptionally well in the upcoming bull run.
He mentions that KAS has never seen a bull run before, implying that when it enters price discovery mode, the results could be spectacular.
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