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Crypto analyst SURAJ_041 has identified several key factors that could potentially propel Kaspa (KAS) to achieve notable price milestones in the near future. According to the analyst, these developments could drive KAS prices to $3 and even $5.
Potential Listings on Prominent Exchanges
The analyst underscores the possibility of Kaspa being listed on three major cryptocurrency exchanges, which could significantly enhance its market visibility. Currently, Kaspa is primarily traded on decentralized platforms. However, potential listings on OKX, Coinbase, and Binance could improve its trading accessibility and liquidity.
At present, KAS futures trading is available on OKX, but spot trading has yet to be implemented on these major platforms.
Grayscale’s Interest in Kaspa
A significant development is Grayscale Investments adding KAS to its Assets Under Consideration list. The analyst views this as a strong endorsement of Kaspa’s potential.
This inclusion signals growing institutional interest in Kaspa’s GhostDAG protocol and its high-throughput capabilities.
Technical Advancements and Network Growth
The analyst points to the upcoming Crescendo Hard Fork, scheduled for Q1 2025, as a critical technical milestone.
This upgrade aims to increase block production from 1 block per second (BPS) to 10 BPS, representing a significant leap in scalability. Testing for this upgrade began in January 2024 through testnet TN11.
We have so many bullish developments on the way and you still think $kaspa will not reach $3-5$ ?
1.OKX Spot listing
2.Coinbase spot listing
3.Binance spot listing
4.GrayScale announced $kas is Asset under consideration.
5.The countdown for the CRESCENDO (10 BPS) has begun.… pic.twitter.com/IEOeTn9bRO— coinco (@SURAJ_041) December 4, 2024
Smart Contract Functionality
The analyst also highlights Kaspa’s plans to introduce smart contract functionality by mid-2025.
This feature was initially slated for Q1 2025 but is contingent on the successful implementation of infrastructure updates, particularly the Crescendo hard fork.
Atomic Swap Integration
Another notable development is the planned launch of atomic swap functionality for KRC-20 tokens, set for December 10, 2024.
This feature will allow direct peer-to-peer token exchanges without intermediaries, leveraging Kaspa’s high-speed infrastructure and low transaction costs.
Considering these advancements, the crypto analyst maintains a bullish outlook on KAS, suggesting that a price range of $3-$5 is achievable. The combination of institutional interest, technical upgrades, and broader trading access could create favorable conditions for price growth.