Ethereum

Kaspa

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<p>The price of Kaspa (KAS), a cryptocurrency focused on scalability and security, could be set for significant upside following recent developments impacting mining rewards.</p>
<p>According to Kaspa enthusiast Twitter <a href="https://twitter.com/KASPAEnthusiast/status/1721417932012474655" target="_blank" rel="noopener noreferrer nofollow">account</a> ‘@KaspaEnthusiast’, the rewards for mining KAS were reduced today around 5pm UTC from approximately 165 to 156 KAS per block.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="386" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-1024x386.png" alt="" class="wp-image-371062" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-1024x386.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-300x113.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-766x289.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-1536x579.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-2048x772.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-398x150.png 398w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-100x38.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-928x350.png 928w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125-788x297.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-125.png 419w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>This gradual reduction in mining rewards, implemented through minor monthly adjustments rather than a fixed halving schedule, aims to minimize price volatility.</p>
<p>Analyst ‘JACKIS’ <a href="https://twitter.com/i_am_jackis/status/1721476421774725395" target="_blank" rel="noopener noreferrer nofollow">noted</a> on Twitter that KAS recently broke out above a large rising wedge pattern, which could lead to a retest of recent highs and further upside. He stated that “as long as [technical patterns] are respected” in a bullish environment, exponential returns could follow.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="553" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-1024x553.png" alt="" class="wp-image-371053" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-1024x553.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-300x162.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-767x414.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-1536x829.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-2048x1106.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-278x150.png 278w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-648x350.png 648w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124-788x425.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-124.png 1502w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The combination of reduced mining rewards providing deflationary pressure on KAS, alongside bullish technical patterns, suggests the cryptocurrency’s price may be poised for gains in the near future. However, as with any cryptocurrency, prices remain highly volatile.</p>
<p>Kaspa spreads out its mining reward reductions over time, rather than drastic yearly halvings like Bitcoin. This gradual approach aims to minimize price volatility.</p>
<p>Kaspa is a proof-of-work cryptocurrency focused on scalability, security, and decentralization. Analysts like JACKIS see its technical setup favoring further upside after recent price strength.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/how-solana-ethereum-and-these-cryptos-can-get-you-90-win-rate-in-the-current-market-condition/" target="_blank" rel="noopener noreferrer nofollow">How Solana, Ethereum and These Cryptos Can Get You 90%+ Win Rate in the Current Market Condition</a></li>
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 <li><a href="https://captainaltcoin.com/sushiswap-sees-50-pump-in-24-hours-while-this-crypto-quietly-raised-4-2m-ahead-of-ico/" target="_blank" rel="noopener noreferrer nofollow">SushiSwap Sees 50% Pump in 24 Hours, While This Crypto Quietly Raised $4.2m Ahead of ICO</a></li>
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<p>Meanwhile, the project continues development milestones like tweaking its mining rewards. Kaspa’s unique approach and technical outlook have sparked interest in the niche cryptocurrency.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-price-flip-and-mining-rewards-reduction-could-lead-to-further-upside-for-kas-expert/" rel="noopener noreferrer nofollow">Kaspa Price Flip and Mining Rewards Reduction Could Lead to Further Upside For KAS: Expert</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Price Flip and Mining Rewards Reduction Could Lead to Further Upside For KAS: Expert

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