In a YouTube video titled “Is Kaspa Actually Dead?” from Crypto Chrys, the speaker tackles the pervasive rumors regarding the viability of the Kaspa project. He begins by challenging the notion that Kaspa is “dead,” criticizing individuals who dismiss the project based solely on recent price declines or skepticism about its ability to exceed the $1 mark.
He argues that those who have sold their Kaspa assets yet continue to proclaim its failure are misguided, suggesting that their views are shortsighted and driven by price fluctuations rather than a deep understanding of the project’s fundamentals.
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The Value of Kaspa Beyond Price
The speaker notes the flaws in short-term thinking, particularly in the context of technical analysis (TA). He asserts that evaluating Kaspa based purely on price action demonstrates a lack of insight into the project’s true potential.
He notes that relying on TA for predictions can be misleading, emphasizing that in his previous analyses, technical indicators have not reliably forecasted Kaspa’s performance. He criticizes those who set specific price targets for purchasing Kaspa, referring to them as “TA clones,” and encourages a broader perspective that transcends mere price speculation.
Further, he explains that Kaspa’s value extends beyond profit-making. While acknowledging the importance of profitability, he believes that the project’s adoption will contribute to the establishment of a functional, decentralized network that addresses real needs—contrasting it with projects that merely experience “pump and dump” cycles.
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Positive Indicators and Future Growth
As the video progresses, the speaker notes various projects within the Kaspa ecosystem, including KaspaConan, which boasts a market cap of $40 million.
He notes additional projects with market caps around $69 million and introduces a new Decentralized Autonomous Organization (DAO) aimed at empowering KC20 tokens and enhancing community engagement. This growing ecosystem serves as a counterargument to claims of Kaspa’s demise.
The speaker also draws attention to the increasing hashrate of Kaspa, which has reached 1.207 exahashes per second. He points out that even large mining companies like Mara are involved in mining Kaspa, questioning whether such robust activity could truly indicate a dead project.
He lists several positive indicators, including a growing ecosystem and strong mining engagement, reinforcing his stance that Kaspa is far from failing.
Looking ahead, the speaker identifies several upcoming catalysts that could spur Kaspa’s growth, including the introduction of smart contracts, faster block times of 10 blocks per second, and advancements in Dark Knight technology.
He believes these developments, alongside potential Tier 1 exchange listings, will significantly enhance Kaspa’s adoption. He advises viewers to prepare for rapid momentum, suggesting that the project’s future could be marked by substantial growth.
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