A YouTube video analysis by QuickCrypto provides a look at the potential for Kaspa (KAS) to see a price rally. The video highlights developments in the Kaspa ecosystem, upcoming exchange listings, and technical advancements that could fuel its growth.
Kaspa has been gaining attention due to its high-performance blockchain and increasing adoption. Per CoinGecko data at publication, KAS trades at $0.1642, dipping over the last day and week.
What you'll learn 👉
Exchange Listings Drive Liquidity Growth
One of the key points in QuickCrypto’s analysis is the upcoming and rumored exchange listings for Kaspa. Kraken, a leading cryptocurrency exchange, is speculated to list Kaspa soon, with an expected announcement in October.
While the listing is not yet confirmed, a word search teaser from Kraken has fueled speculation. In Europe, Dutch exchange Bitvavo has already listed Kaspa, introducing a new EUR trading pair, which led to a price surge due to liquidity challenges on the platform.
In the US, PexUS, a regulated exchange, has added Kaspa to its offerings with low trading fees of 0.1%, making it easier for users to trade the token. These listings are critical for increasing Kaspa’s visibility and accessibility, especially for European and US investors.
Bold Price Predictions for Kaspa
The analyst in the video makes a bold prediction, suggesting that Kaspa could see a 3,500% price increase, or a 35x rally, during the next bull cycle. This would bring Kaspa’s price to around $6, with a market capitalization of $150 billion.
While this prediction is speculative, it is based on Kaspa’s current low valuation and growing adoption across major exchanges.
However, such price forecasts should be approached with caution, as they rely heavily on future adoption and technological advancements.
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Technical Advancements and Partnerships
Kaspa has also made strides in technical development, partnering with DFNS, a blockchain infrastructure provider. DFNS works with companies like Fidelity, a major asset manager.
Although Fidelity has not confirmed any direct involvement with Kaspa, its interest in the token has been noted in previous publications. Kaspa’s blockchain is gaining recognition for its high performance and potential for institutional use.
The Kaspa Industrial Initiative is another key development, focusing on real-world applications such as cross-border payments and asset tokenization. These projects aim to position Kaspa as a serious competitor in the blockchain space, potentially challenging established networks like Ripple (XRP).
Kaspa’s growing adoption is evident in its network activity. The video points out that Kaspa surpassed Bitcoin in total transactions over the past week, with 9.5 million transactions compared to Bitcoin’s 3.8 million. This rapid increase in network utility underscores the rising demand for Kaspa’s blockchain.
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