Kaspa (KAS), the scalable proof-of-work blockchain network, has staged an incredible turnaround after falling into “the red” for an extended period. With FUD previously swirling and panic setting in, Kaspa languished well below its all-time highs.
However, as crypto YouTuber FireHustle discussed in a recent video, she took the opportunity during KAS’ decline to dollar cost average into a position. And that bet now appears timely given KAS’ sudden reversal back up towards 15 cents, representing a 3x gain in just two weeks.
Beyond the relief rally, FireHustle ponders whether it’s now “too late” to buy into Kaspa, with optimism creeping back in. Despite Kaspa’s impressive 900x growth since launching in mid-2022, significant upside remains given Kaspa’s still-early developmental stage and the lack of core components common in rival ecosystems.
Specifically, Kaspa currently focuses solely on payments, lacking functionality like smart contracts and dApps that will arrive later per its roadmap. Once these building blocks materialize to flesh out Kaspa into a more complete platform, excitement could return in droves from investors eyeing the next major milestone.
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Show more +And with Kaspa setting new speed and efficiency benchmarks that surpass all other cryptocurrencies, there is massive latent network potential if adoption accelerates. Key developer Michael Sutton recently showcased Kaspa’s testnet, processing 10 blocks per second. And the core team aims for an even more ambitious 100 bps rate eventually.
So while some skepticism persists around the one-dimensional nature of Kaspa’s network effects currently, FireHustle firmly believes under the surface lies an incomplete ecosystem still in its infancy stages.
As Kaspa’s technological prowess keeps evolving alongside planned platform expansions, the opportunity remains early for those willing to look past short-term price oscillations at the budding protocol’s future growth prospects.
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