Nov 14, 2024 | Price Discussions and Predictions
“`html
In a move reminiscent of the last bull run, Solana is making new yearly highs. Can it overtake its previous ATH? Unlike most cryptos, Kaspa initially took a hit after the election results, dropping to $0.11 but has now rebounded to $0.15.
Presale project Cutoshi outperforms both Solana and Kaspa this week, up by 88% as it enters the next stage of its presale.
Solana Breaks Out – Is A New All-Time High In Sight?
Every day is a good one for SOL holders right now, as the coin continues to smash through resistance levels and is currently trading well above the $200 mark for the first time in seven months. Solana is currently trading at $218 per coin, making it the fourth biggest crypto.
This is most likely due to the pro-crypto US election results, since under the Democrats, the SEC declared Solana a security, and applications for a SOL spot ETF were denied.
The SEC, who even went as far as naming SOL in a lawsuit against Coinbase, will now be replaced by more crypto-friendly members, much to the joy of the crypto community.
This paves the way for Solana ETFs and institutional-level inflows into the Layer 1 blockchain.
According to technical analysis, the next price target is $230. It’s possible that SOL may face some headwinds as long-term holders unstake and cash in, but the future looks bright for Solana.
That said, for those who value the ethics of decentralization, Solana may not be the chain of choice, especially as it recently came under scrutiny for its VC focus by whistleblower Edward Snowden.
Kaspa’s Path To $0.20 And Tier-1 Exchange Listings
While other cryptos have been mooning since the election, Kaspa saw a downturn. And this followed previous downturns in November.
The Kaspa blockchain uses GhostDAG technology to make it speedy and efficient and allow smaller miners to get involved.
According to speculation on Reddit, Kaspa’s October dip may have been due to its links with Israel, although some commenters pointed to the lack of a listing on a Tier 1 exchange as the reason for the recent price action.
It seems the poster may have been on to something with the Israel theory, given that KAS has shot back up again, alongside the news that Trump is calling for peace in the Middle East. Then again, he has also shown his support for Israeli Prime Minister Netanyahu, and the conflict shows no signs of de-escalation currently.
Kaspa is already listed on Kucoin and Bybit, but many are expecting the coin to be listed on Coinbase or Binance, making it much easier for US investors to buy.
Analyst Tkala (@tkalakaspa) suggested that tier 1 exchanges are likely to be acquiring Kaspa by OTC trading so as not to affect the price in advance of listings, explaining the sluggish price action.
Kaspa is now trading at $0.15, with $0.20 as the next price target. Kaspa is up by 89,432% from its all-time low 2 years ago.
Community Engagement And Quests Complement Cutoshi’s Success
Cutoshi is yet another project that is on the rise, up 88% in the last week.
Following the Trump win, is likely to have contributed to the quick selling out of stage 2, and may also mean that stage 3 follows a similar trajectory.
Another bullish factor is the recent launch of quests and farming for Cutoshi, with over 1500 participants in just a few days.
This shows that Cutoshi aims to bring more people into DeFi via the”
Source: captainaltcoin.com
Nov 14, 2024 | Price Discussions and Predictions
Certainly! Here’s a rewritten version of the article that is formatted for embedding in a WordPress post using HTML tags:
“`html
Many in the crypto space have started to view Kaspa as the “digital silver” to Bitcoin’s “digital gold.” This sentiment was recently echoed by a crypto analyst known as Colonel Roy on X (formerly Twitter).
Colonel Roy Mustang has expressed a strong belief in the future potential of Kaspa (KAS). He has made it clear that he plans to hold onto his KAS tokens for the foreseeable future, driven by his vision of how the cryptocurrency landscape will evolve.
As Bitcoin (BTC) is on the verge of being included in the US strategic reserve, Mustang predicts that other nations will follow suit. This could lead to a significant increase in Bitcoin’s value, which in turn may attract new investors who missed out on Bitcoin’s early days. These investors will likely be on the lookout for the next big opportunity.
Kaspa’s Price Surge to $1: A Conservative Estimate with 10x Potential
Mustang draws a comparison between Bitcoin and Kaspa, suggesting that if Bitcoin is digital gold, then Kaspa is digital silver. Interestingly, the word “Kaspa” translates to silver in Aramaic. He notes that Kaspa’s current price, which is below $1, holds psychological significance and has generated excitement about its potential to reach that level.
Even if Kaspa were to hit $1, its market cap would still leave room for considerable growth.
In a recent post, Mustang highlighted Kaspa’s impressive technical capabilities, particularly its ability to process transactions at a rate of 10 blocks per second (BPS). This is approximately 6,000 times faster than Bitcoin’s transaction speed.
The strength of the Kaspa community, along with the upcoming introduction of smart contracts, further enhances the project’s appeal. Mustang envisions a scenario where Kaspa reaches $1, supported by its fast transaction speed and the activation of smart contracts, which could push its market cap to around $25 billion.
Such a development could shift the narrative, with Kaspa being compared to early investments in Ethereum (ETH) or Solana (SOL) when they had similar market capitalizations.
Read Also: How Long Will the Bitcoin (BTC) Bull Market Last?
With the Rust programming language making it easier for developers to transition from projects like Solana to Kaspa, Mustang believes that a $1 price point is a conservative estimate. He argues that a 10x increase in value is a realistic expectation as the market matures. To those who claim that Kaspa has already surged enough, Mustang points to the growing hash rate as evidence of increasing investment and confidence in the project’s long-term potential.
In conclusion, Mustang predicts a significant rise in Kaspa’s value as the cryptocurrency market evolves. He asserts that selling Kaspa at this stage would be a major mistake, reflecting his strong belief in the project’s promising future.
Follow us on X (Twitter), CoinMarketCap, and Binance Square for more daily crypto updates.
Join our FREE Telegram group to get all our future calls.
“
Source: captainaltcoin.com
Nov 13, 2024 | Price Discussions and Predictions
“`html
Nick, a cryptocurrency enthusiast, poses a question regarding the delay in listing the Kaspa (KAS) token on major tier-1 exchanges. Kaspa has developed a robust technology and a dedicated community, leading some to believe it has the potential to be listed on prominent exchanges like Binance and Coinbase.
The crypto commentator highlights that these exchanges are fully aware of the financial dynamics involved. For example, acquiring 100 million KAS tokens at a price of $0.10 would require a $10 million investment. If the price were to rise to $1, the profit would skyrocket to $90 million.
Read Also: Why is Peanut The Squirrel (PNUT) Price Pumping?
If the price climbs to $5, the profit would increase to $490 million, and at $10, the gains would approach nearly $1 billion.
According to Nick, this delay is not due to incompetence but rather a deliberate strategy. The exchanges are likely accumulating KAS tokens before the market experiences a significant price surge, positioning themselves for substantial profits once the token is officially listed.
This viewpoint suggests that these exchanges are playing the long game, waiting for the optimal moment to maximize their returns on KAS investments.
Follow us on X (Twitter), CoinMarketCap, and Binance Square for more daily crypto updates.
Join our FREE Telegram group to get all our future calls.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
