Kaspa (KAS) is currently witnessing a significant increase in its value after the release of its 2024 roadmap. The cryptocurrency analysis YouTube channel, EZY CRYPTO, has recognized Kaspa as a potential major player in the crypto space, with some predictions suggesting it could surpass Solana (SOL) in terms of market cap.
Over the last five days, Kaspa’s price has risen by 20%, a boost that is largely attributed to the announcement of its future plans. The roadmap details the launch of a public testnet in May and the much-awaited official introduction of the KRC 721 protocol in June, which will bring smart contract functionality to Kaspa’s ecosystem.
The host of EZY CRYPTO has shown great enthusiasm for Kaspa, naming it their top cryptocurrency project. The market has responded positively to the roadmap reveal, as evidenced by a 10% price jump in a single day, indicating increased confidence in the project’s trajectory.
EZY CRYPTO has made optimistic price predictions for Kaspa, suggesting it could hit $1 during this bull cycle and possibly climb to $2, $3, or even $4. Comparing Kaspa to Solana, the channel points out that Kaspa has the potential to exceed Solana’s peak market cap, which would be a 31x increase for Kaspa. This growth is seen as feasible within the current bull cycle, especially with the addition of smart contracts and potential listings on major exchanges like Binance and Coinbase.
Several factors are driving the positive outlook for Kaspa’s growth. The integration of smart contracts through the KRC 721 protocol is expected to increase adoption and enhance Kaspa’s role in the wider crypto ecosystem. Listings on prominent exchanges would improve its visibility and accessibility to investors. Additionally, Kaspa’s status as the fastest proof-of-work layer-one cryptocurrency and its increasing hash rate highlight its strong technological foundation and network security.
Kaspa’s ambitious roadmap and technical capabilities have made it a project to keep an eye on. The analysis by EZY CRYPTO and other optimistic perspectives have sparked excitement among investors and enthusiasts, who are keen to follow the project’s developments.”
Source: captainaltcoin.com