Alephium (ALPH) Sees 70% Price Surge, Dubbed ‘Next Kaspa’ by Crypto Experts

For months, our portfolio has been eagerly anticipating the launch of some utility projects. Until now, it seemed like we were only dealing with meme projects.

However, in the past day, Alephium’s ALPH has stolen the spotlight. The ALPH price has surged by approximately 70% in this timeframe, currently trading above $1.8 with its market capitalization returning to over $150 million.

Alephium reached its all-time high in February at around $3.8. Since then, the cryptocurrency experienced a correction phase, similar to many other altcoins.

Understanding Alephium

Alephium (ALPH) is a foundational blockchain designed to overcome the challenges faced by traditional blockchains, including scalability, security, decentralization, and energy efficiency.

The project has shown substantial utility, with an increasing number of projects adopting it. The latest development is ASIC mining, which could be a significant factor in the recent price surge.

Alephium employs a novel algorithm named BlockFlow, which segments data into smaller subsets called shards for parallel transaction processing. This significantly increases throughput, with the network capable of handling up to 10,000 transactions per second (TPS).

The blockchain also utilizes a unique consensus mechanism known as Proof-of-Less-Work (PoLW), which adjusts mining difficulty in real-time based on network conditions, thus reducing energy consumption compared to traditional Proof-of-Work (PoW) algorithms.

Additionally, Alephium boasts its own NFT marketplace, DEADRARE, marking it as the first NFT marketplace on the Alephium blockchain.

CaptainAltcoin’s CBO Petar, a long-term Alephium holder, has dubbed it the “Next Kaspa.” Despite today’s 70% price increase, Petar still considers it one of the most ‘undervalued’ altcoins.

Other prominent crypto traders also support Alephium. For instance, crypto veteran ‘WIZZ,’ with over 700k Twitter followers, predicted that ALPH price will experience a ‘huge run.’

To put things into perspective, Kaspa’s market cap soared to over $4 billion, while Alephium’s stands at $150 million. This indicates potential for growth. While Kaspa is an impressive project, Alephium might present a better opportunity for significant returns at this juncture.

Also read: What Will 1,000 Ripple’s XRP Tokens Be Worth in 2025?

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