Kaspa has been in a strong bullish uptrend since its launch in 2022 and may continue to grow due to its revolutionary block-building technique. The crypto is expected to cross $0.25 in 2024 and could reach $10 by the end of the decade.
What is Kaspa?
Kaspa is a proof-of-work blockchain based on the GhostDAG protocol, which itself is a modified version of the BlockDAG protocol. These types of blockchains allow high network speeds with the security of a proof of work consensus mechanism allowing them to achieve high speeds without compromising on security.
Kaspa is a leader among BlockDAG chains and has a very strong community. The dedication of its holders can be seen from the fact that over half of KAS’s circulating supply has been hodled for the last 6 months despite several bull and bear trends.
See how the current era blockchains like Ethereum achieve high-scale network throughput.
Fundamental Analysis
Kaspa has very strong fundamentals. The blockchain is a highly scalable proof of work chain. The BlockDAG protocol allows it to achieve very high speeds. This is because all of the blocks in this blockchain are processed, leaving no orphan blocks. Since all miners can successfully add blocks to its blockchain, there is no competition between miners like Bitcoin. This allows all miners to equally share the benefits.
Another core benefit of KASPA is that it can provide very high speeds like 1 block per second where each block holds between 50 – 100 transactions.
Further, the blockchain has a very low network fee. At press time the network fee was around 0.00003165 KAS, making the blockchain very cheap to use.
Technical Analysis
On a technical note, KAS has been a highly profitable cryptocurrency beating even top cryptos like Bitcoin, Ethereum, and Solana in profitability. It has a mostly linear price trajectory in the past 12 months with a 223% gain in that period.
The crypto has been consistently making higher highs and higher lows since the last year which is a very bullish pattern on the charts.
A look at its daily charts reveals that the crypto has corrected 18% since its last ATH on 1 August 2024 but might soon catch up as the RSI(56), as well as MACD (positive divergence), indicate a higher price in the near term.
Kaspa Price Prediction
We expect KASPA to make a new ATH by the next month. The end of 2024 might see the price around $0.25 with long-term (2030) price estimates placing KAS around $5 to $10.
Take a look at another super bullish crypto with a 100x gain potential, Mantra(OM).
Price Prediction 2024
The end of 2024 might see KAS making a new high of $0.25. The US Fed rate cut of 0.5% will certainly be helpful for it.
Price Prediction 2025
We expect altcoin markets to peak in late 2024, and Kaspa being a utility coin could surpass other competitors, which will support it reaching $0.4 by the end of 2025.
Price Prediction 2026
By 2026, we expect slight market corrections which may put Kaspa around $0.3 on a bearish note. But, a bullish estimate puts it around $0.7, seeing the crypto’s past growth.
Price Prediction 2027
Slight corrections in crypto markets in 2027 might put Kaspa around $0.5 but the crypto is expected to recover quickly owing to its strong track record.
Price Prediction 2028
As the year 2028 sees another Bitcoin Halving, it may send Kaspa above $5. This is because Bitcoin’s halving generally proves bullish for all PoW cryptocurrencies.
Price Prediction 2029
The year 2029 (alt season) is expected to bring a fresh rally for Kaspa where it could reach close to $5 or even cross it with ease.
Price Prediction 2030
In the long run, Kaspa may emerge as a key contributor to global blockchain infrastructure, especially with its fast and secure blockchain. We estimate its price to reach $5 to $10 by the end of the decade.
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