Kaspa has been a crypto to watch owing to its unique features. Its investors are always audacious about their darling crypto’s qualities, and the token does not fail to perform well.
Freeman Finance and Crypto has stated 3 strong reasons that point to the possibilities of KAS price surge in a short time. The YouTube channel with more than 6,000 followers explained this in a 12-minute-long video.
The analyst thinks Kaspa’s current price of around 16 cents is a buying opportunity compared to last high of 21 cents.
Kaspa is currently valued just under $4 billion. The creator is optimistic about Kaspa’s potential, suggesting it could rise to a market cap of $50 to $300 billion as it gains more adoption and recognition.
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4 Reasons Kaspa Price WIll Explode Soon
The presenter went on to explain four reasons he expects the price of Kaspa will explode soon:
Exchange Listings and Accessibility
One of the primary reasons the creator believes Kaspa’s price will surge is its possibility of getting increasing availability on major exchanges. The creator mentions that while Kaspa is not yet widely listed, Kraken has shown interest in listing it, which could lead to more widespread adoption.
Kaspa’s advanced technology, particularly its proof-of-work protocol, makes it difficult for exchanges to audit and set up nodes, which delays listings. However, the creator is confident that these issues will be resolved, leading to Kaspa’s eventual listing on major exchanges.
The creator references Nicholas Cysill, a former Binance research lead, who is bullish on Kaspa. Cysill believes that Kaspa will eventually be listed on major exchanges despite the current technical challenges.
Technological Advancements and Real-World Use Cases
The analyst also mentioned the ongoing development of projects on Kaspa’s KRC20 protocol, which is expected to drive demand. Although there were initial issues with fee structures during the beta launch, these have been addressed, and new projects are being developed.
Kaspa is also gaining attention for its potential in launching meme coins and real-world asset tokenization. The video mentions specific projects like “Nacho the Cat” and other meme coins, as well as initiatives like “Fon,” which aims to tokenize real-world assets within the Kaspa ecosystem.
Peer-to-Peer Payments and Global Reach
The analyst asserts that Kaspa is the best cryptocurrency for peer-to-peer payments due to its combination of privacy, lower fees, global reach, and security.
Kaspa is compared favorably to other cryptocurrencies like Bitcoin and Solana. While Bitcoin is secure, it is not suitable for small, everyday transactions due to high fees.
Solana, although fast and cheap, lacks the security of Kaspa, making Kaspa the superior option for everyday transactions.
The video lists various merchants and platforms that have already begun accepting Kaspa. These range from Forex trading platforms to dental services.
Increase in Kaspa’s KAS Accumulation
The number of wallets holding more than 1,000 KAS coins has increased significantly.
Also, there has been a major decline in the number of Kaspa tokens kept on exchanges. This points to a growing number of users keeping their tokens in personal wallets.
All these could reduce selling pressure and are positive signs that the token is heading up.
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