Kaspa

2024

Dogecoin

<p>If you ask me what I like most about Kaspa, my answer would probably be its strong KAS price performance. What I mean by this is, whenever the <a href="https://captainaltcoin.com/why-is-the-crypto-market-crashing-today-2/" target="_blank" rel="noopener noreferrer nofollow">crypto market enters a downturn phase</a>, like this week for instance, the Kaspa price remains relatively stable and loses little value.</p>
<p>This week, Kaspa did lose around 11% and is now trading at the $0.15 level. For comparison, ETH lost 10%, while most altcoins in the top 20 that are in the red lost similar value. This suggests that KAS holders are calm and don’t panic much when the market enters a problematic phase.</p>
<h2 class="wp-block-heading" id="analyst-predicts-0-5-kaspa-price-target">Analyst Predicts $0.5 Kaspa Price Target</h2>
<p>Jim, an analyst who frequently posts about Kaspa on X, shared another tweet today, predicting that the KAS price will hit $0.5. He stated:</p>
<p><em>“At the lows in 2023 around $0.01, I predicted $KAS to $0.14 to $0.20. It reached those targets. And now, it’s only a matter of time before $KAS reaches $0.50 (a technical level). Although price has been boring in the $0.14-$0.20 range, consider it an opportunity. $0.50 next.”</em></p>
<p>Jim’s previous predictions have proven accurate, and he sees the current price consolidation as a potential opportunity for investors.</p>
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   <p lang="en" dir="ltr">At the lows in 2023 around $0.01, I predicted <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a> to $0.14 to $0.20. It reached those targets.<br><br>And now, it’s only a matter of time before <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a> reaches $0.50 (a technical level).<br><br>Although price has been boring in the $0.14-$0.20 range, consider it an opportunity. <br><br>$0.50 next. <a href="https://t.co/4ovucZ7TKN" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4ovucZ7TKN</a></p>— Jim, S𐤊i ₿um <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26f7.png" alt="⛷" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Cryptographur) <a href="https://twitter.com/Cryptographur/status/1842066463210762646?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 4, 2024</a>
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<p>Here are three reasons why Jim’s <a href="https://captainaltcoin.com/kaspa-price-prediction-can-kas-reach-10-by-2025/" target="_blank" rel="noopener noreferrer nofollow">Kaspa price prediction</a> might be on target:</p>
<h2 class="wp-block-heading" id="1-innovative-blockchain-technology">1. Innovative Blockchain Technology</h2>
<p>Kaspa utilizes a unique GHOSTDAG protocol, which allows for parallel block creation without orphaning blocks. This technology enables extremely high block rates (currently 1 block per second) and minimal confirmation times.</p>
<p>The potential for scaling to 10 or even 100 blocks per second could attract more users and investors, potentially driving up demand and price.</p>
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<h2 class="wp-block-heading" id="2-active-development-and-future-plans">2. Active Development and Future Plans</h2>
<p>Kaspa’s development team is working on several new activities throughout the whole 2024:</p>
<p>Kaspa wants to become a leading Layer 1 network with smart contracts, DeFi, and Layer 2 applications. This expansion of Kaspa’s utility could potentially attract more developers and users to the ecosystem.</p>
<p>The DAGKNIGHT Protocol Upgrade stared last year and is expected to improve transaction speed and security even further. This new consensus protocol aims to achieve responsiveness while maintaining 50% Byzantine fault tolerance.</p>
<p>The project is working on increasing transaction throughput, with a goal of reaching 10 blocks per second (BPS) in the near term and potentially 100 BPS in the future. This would make Kaspa one of the fastest proof-of-work networks in existence.</p>
<p>Also, Kaspa Industrial&nbsp;Initiative (KII), also known as&nbsp;Kii, is a recently&nbsp;launched foundation&nbsp;aimed at leveraging Kaspa’s BlockDAG technology to&nbsp;drive innovation and efficiency across&nbsp;key industrial&nbsp;and enterprise sectors.&nbsp;</p>
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   <p lang="en" dir="ltr">What is <a href="https://twitter.com/hashtag/Kii?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kii</a> ? More from the Dublin Summit with <a href="https://twitter.com/hashtag/Kaspa?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kaspa</a> and <a href="https://twitter.com/hashtag/Kii?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kii</a> crews. <a href="https://t.co/miGZttqlR2" target="_blank" rel="noopener noreferrer nofollow">https://t.co/miGZttqlR2</a></p>— Kaspa (@KaspaCurrency) <a href="https://twitter.com/KaspaCurrency/status/1842305891925639622?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 4, 2024</a>
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<p>Kaspa is being rewritten from Golang to Rust, which is expected to provide a significant boost in overall performance and speed.</p>
<p>Development is underway to integrate Kaspa with Ledger hardware wallets, improving security options for users. Additionally, work on high-performance mobile wallets is ongoing to enhance accessibility.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/the-next-kaspa-heres-why-tectums-tet-might-produce-high-roi-and-a-kas-like-run/" target="_blank" rel="noopener noreferrer nofollow">The Next Kaspa? Here’s Why Tectum’s TET Might Produce High ROI and a KAS-Like Run</a></strong></em></p>
<h2 class="wp-block-heading" id="3-strong-price-momentum">3. Strong Price Momentum</h2>
<p>Kaspa has shown price growth since its launch. In 2022, it started at $0.000405 and ended at $0.00535, representing a 1,360% increase. <a href="https://captainaltcoin.com/heres-why-kaspa-kas-price-has-not-topped-yet/" target="_blank" rel="noopener noreferrer nofollow">The KAS price continued to rise</a> in 2023, reaching a high of $0.1534. This upward trajectory suggests potential for further growth.</p>
<p>As mentioned earlier, Kaspa’s price tends to remain relatively stable during market downturns, losing less value compared to many other cryptocurrencies. This resilience could be seen as a positive sign for long-term price appreciation.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/3-reasons-why-kaspa-kas-price-could-reach-0-5-soon/" rel="noopener noreferrer nofollow">3 Reasons Why Kaspa (KAS) Price Could Reach $0.5 Soon</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

3 Reasons Why Kaspa (KAS) Price Could Reach $0.5 Soon

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