The Kaspa cryptocurrency project saw an important network milestone this week as its hashrate reached an all-time high. According to crypto analyst and trader Braver Crypto, this shows the momentum behind Kaspa and makes a top 10 market cap imminent.
In a recent tweet, Braver Crypto pointed out that Kaspa’s network hashrate surpassed 56.75 PH/s, indicating growing security and miner adoption. Hashrate refers to the overall computing power dedicated to mining and processing transactions on a blockchain.
Kaspa is a scalability-focused blockchain protocol that uses a novel proof-of-work algorithm. Its native token KAS has seen increased developer and user activity in recent months.
Per Braver Crypto, the new hashrate record confirms Kaspa’s technical merits and alignment with miner incentives. With miners flocking to support the network, he argues wider adoption and massive upside for KAS are inevitable.
Specifically, the analyst predicts KAS reaching $3-5 in the next crypto bull market while achieving a multi-billion dollar market cap. This would cement Kaspa as a top 10 or even top 5 cryptocurrency project.
Braver Crypto claims to be the first to predict this price and market cap potential for KAS based on fundamental analysis. Even after the recent hashrate milestone, he is sticking by his bold long-term forecast.
Of course, all cryptocurrency price predictions should be taken with skepticism. Market cycles can be unpredictable and dependent on many factors. But for Kaspa supporters like Braver Crypto, the project’s current growth trajectory shows the makings of a breakout blockchain.
With hashrate validating developer claims and miners voting with their computing power, Kaspa appears positioned to capitalize on its technology and community momentum. How high KAS and Kaspa can climb remains to be seen, but the forces aligning behind it make the emerging crypto project one to watch closely.
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