Kaspa is once again performing differently than the broader crypto market.
In 2023, when the market was calm, the KAS price pumped the hardest. Then in February and March, when the whole market started to explode, Kaspa remained calm.
And this week we have a similar story: Bitcoin, altcoins, and meme coins are all pumping.
However, KAS is down 0.5% in the last 24 hours. Kaspa price is now at $0.18, slightly down from its ATH of $0.2 from June 30th.
What you'll learn 👉
YouTuber Predicts More Gains for Kaspa Holders
Kaspa Silver YouTube channel, with over 11k subscribers, posted a viral video about Kaspa today.
The video highlighted several key developments in the Kaspa ecosystem. The KRC2 launch, initially postponed due to issues, achieved an impressive 1.5 million transactions and 55,000 active addresses during its peak. This demonstrates the growing interest and activity within the Kaspa network.
On the infrastructure front, Kaspa now boasts over 400 public nodes worldwide, indicating a robust and decentralized network. Interestingly, 63.4% of the supply has remained inactive in the last three months, suggesting strong holder sentiment.
The updated CPL docs now include USDT and other stablecoins, potentially hinting at their future integration into the Kaspa ecosystem. This could open up new possibilities for DeFi applications on the network.
Kaspa’s Technical Advancements and Community Initiatives
In a notable technical achievement, a user demonstrated full synchronization of a Kaspa mainnet node on a mobile device. This show network’s efficiency and accessibility.
The Kaspa community is actively working on various initiatives. A solo mining initiative is underway, aiming to set up public solo nodes in America. Current efforts are focused on integrating with Ice River and Gold Shell miners, potentially broadening the network’s mining ecosystem.
On the development front, the Rusty Kaspa Workshop is encouraging participation from developers with knowledge of Rust and UTXO-DAG processing. This initiative aims to foster innovation and bring fresh perspectives to the Kaspa ecosystem.
The video also touched on DEX developments, with Kasp Decks and other users working on decentralized exchanges for the KRC20 ecosystem. This could potentially enhance liquidity and trading options for Kaspa holders.
Read also: JasmyCoin Analyst Points to Key Levels and Targets Following Breakout: JASMY Price Prediction
Perhaps most intriguingly, Shai, a key figure in the Kaspa project, hinted at involvement with major entities beyond the crypto sphere. Key initiatives mentioned include the Kaspa Enterprise Accelerator, regulatory support, and innovation grants, suggesting a push towards mainstream adoption and institutional involvement.
All in all, Kaspa is well-positioned for the next leg up in this bull run.
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