Kaspa (KAS) has experienced a significant rise in market cap rankings over the past year, with its price consistently increasing and only experiencing brief periods of correction. In the past year alone, KAS has seen an impressive increase of over 1,000%. Crypto Jon, a well-known YouTuber with a following of over 60,000, believes that Kaspa has the potential to enter the top 10 cryptocurrencies by market cap in the near future.
In a video on YouTube titled “Kaspa (KAS) Will Be a Top 10 Coin!!”, Crypto Jon presents his optimistic outlook for the emerging cryptocurrency. Despite not being listed on major exchanges such as Kraken, Gemini, Crypto.com, Binance, or Coinbase, Kaspa has managed to reach the #25 spot on CoinMarketCap. It is currently available on smaller exchanges like Uphold, Mexc, and KuCoin.
Kaspa’s recent advancements include the integration of smart contracts (referred to as KC20) and the adoption of the Rust programming language, both of which point to solid technical foundations. Even with limited exchange listings, Kaspa maintains a substantial daily trading volume of $70 million, comparable to that of well-established cryptocurrencies. This level of liquidity suggests a potential for broader adoption in the future.
The cryptocurrency also stands out for its community-focused distribution model and fair launch, which did not involve a pre-mine or ICO. The decentralized distribution among nearly 3,000 smaller holders and the top 100 investors helps Kaspa steer clear of centralization issues that have affected other digital currencies.
Considering Kaspa’s current market cap of approximately $4 billion and its circulating supply expected to reach 90% by next year, Crypto Jon envisions a clear trajectory for Kaspa to ascend into the ranks of top cryptocurrencies. He compares Kaspa’s potential role in the digital currency ecosystem to that of silver, with Bitcoin being akin to gold. While advising investors to be patient and consider buying during dips, he strongly believes that Kaspa’s entry into the top 10 is only a matter of time, possibly even before it gets listed on major exchanges.
With its technical strengths, community support, and increasing adoption, Kaspa is well-positioned to become a significant player in the cryptocurrency market. As we watch its progress, it remains to be seen if it will meet the high expectations set by prominent voices in the crypto community.
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Source: captainaltcoin.com