Yes, you read the title right – Kaspa has rivals in crypto too. It’s the one with a $134 million market cap currently while KAS sits at $3.6 billion – Alephium.
Alephium uses a new sharding algorithm called BlockFlow, which enables the network to process transactions in parallel across multiple shards. This significantly increases the blockchain’s throughput, allowing Alephium to achieve up to 10,000 Transactions Per Second (TPS), a substantial improvement over Bitcoin’s 7 TPS.
What you'll learn 👉
Booming Hashrate and Potential Growth
A crypto trader known as “Marx” highlighted Alephium’s booming hashrate in a tweet, suggesting that ALPH could mirror Solana’s explosive growth. He points out that Alephium’s hashrate is set to skyrocket, signaling a massive increase in interest and participation. Currently at 8.2 PH/s, the hashrate growth indicates strong network security and miner confidence.
Marx emphasizes the stark contrast between Alephium’s market cap and that of Kaspa, suggesting significant potential for future gains. He attributes the rise in hashrate to recent innovations from mining hardware manufacturers like Bitmain and IceRiver. The introduction of new ASIC miners is dramatically improving computational efficiency while keeping energy consumption in check.
Notably, upcoming shipments of IceRiver’s AL0 and Bitmain’s Antminer L1 are expected to further reshape the mining landscape, ushering in an era of heightened technological efficiency in blockchain mining. Marx believes that Alephium’s expanding ecosystem, which integrates oracles, smart contracts, and advanced technologies like PoLW (Proof of Less Work) and sharding, positions it for a major breakthrough reminiscent of Solana’s historic rise.
Read also: How Kaspa’s Hashrate Can Position KAS As a Top10 Crypto This Bull Cycle
Recent Price Action and Future Outlook
The ALPH price didn’t stay immune to this September correction as it plunged 18% this week and 8% in the last 24 hours. This means Alephium is now trading around $1.56.
However, if Marx’s prediction is even closely correct, Alephium is positioned to become a $1 billion dollar coin in the upcoming months.
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.
