In a recent video, the host of 2Bit Crypto discusses the groundbreaking launch of KRC20 tokens on the Kaspa blockchain, referring to it as a “major evolution” for the project. He believes this advancement positions Kaspa as a frontrunner in the cryptocurrency landscape.
Key Highlights from the Launch
The host notes that the deployment of KRC20 tokens marks a significant milestone for Kaspa, facilitated by the cplex protocol. At launch, the network achieved impressive statistics:
7.58 million transactions
132 tokens deployed on the mainnet
Over 15.5 million KAS paid in gas fees
He emphasizes the rapid scaling of Kaspa, highlighting the high and smooth transaction speed during this period.
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Within four hours of the KRC20 token launch, Kaspa recorded an average of 400 transactions per second (TPS) and achieved 1.5 BPS (Blocks Per Second), maintaining a hash rate of 1.12 Eh/s. The host points out that this seamless performance indicates the network’s capacity for handling large-scale usage effectively.
The demand for KRC20 tokens was significant, with 971,000 tokens minted at the time of his report, and expectations for this number to grow. The host asserts that this high demand elevates Kaspa’s status within the crypto ecosystem.
Kaspa distinguishes itself as a decentralized platform with strong community involvement. The host praises its blend of Proof-of-Work security and the speed of a DAG-based architecture. His bullish stance on Kaspa stems from its innovation and robust community support.
Discussing the profitability of Kaspa mining, the host describes it as one of the most lucrative Proof-of-Work networks. He shares his experience with miners like the K0 and KS5 Pro, which generate approximately $14 profit per day. He predicts that mining will become even more profitable, reinforcing his bullish outlook on both mining and investment in the network.
Q4 is shaping up to be the tail end of this year’s bull cycle, but there are still a few top altcoins that are set to explode higher before the end of 2024. Kaspa (KAS), Toncoin (TON), and Rollblock (RBLK) are all shaping up to be big Q4 winners. However, only GambleFi superstar Rollblock is expected to rise 1,000x this year.
KRC20 Launch to Top Off Kaspa’s Already Stellar Year
Kaspa’s price is ending a year of already stellar growth with the promise of even more. Kaspa’s KRC20 launch is bringing token minting functionality to its Proof of Work blockchain. Users who prefer the security of Proof of Work can now mint new tokens on Kaspa’s cutting-edge blockchain.
Kaspa’s price was already up 250% this year due to its revolutionary technology. Kaspa has brought the speed and low fees of a modern blockchain to the Proof of Work format.
Toncoin’s 2024 GameFi Rally Resumes After Arrest Shock Fades
Toncoin’s price has also had an excellent year so far, with almost 4x growth at its highest point. However, this rally was cut short earlier this month when the founder of Toncoin, Pavel Durov, was arrested and charged in France.
The charges were related to criminal activity taking place on the Telegram messaging app, for which Toncoin is the token. However, with the initial shock of the Pavel Durov arrest fading, the Toncoin price is already back up 5% this week and set to resume its previous GameFi rally.
Rollblock’s Formula of Tokenomics and Viral Social Media Is Transforming the Face of GambleFi
While Toncoin and Kaspa are promising growth to close out 2024, crypto casino Rollblock is expected to explode higher after its upcoming ICO. This top altcoin is dominating the GambleFi sector and is on track to take a massive cut of the $500 billion global gambling industry.
Rollblock’s staggering growth estimates for 2024 are the product of its winning formula that combines a viral social media presence with revolutionary tokenomics.
Rollblock’s tokenomics are based on the play-to-earn model, with huge benefits for token holders. Rollblock pumps up to 30% of each day’s revenue from the casino back into its tokens through open market buybacks. Half of these tokens are used as high-APY rewards for staking on the platform, while the other half is burned.
Rollblock drives revenue into this play-to-earn model by maintaining a massive social media ecosystem with an innovative community engagement model. Rollblock is constantly hosting new events and giveaways and maintaining a sense of excitement and community across its ecosystem.
This gives Rollblock’s crypto casino the feel of the real, live experience. Players are excited to log on each day and play, which drives revenue into the token.
The final result is a virtuous cycle between revenue, value growth, and a viral social media presence. This formula is expected to produce 1,000x growth out of the upcoming ICO.
RBLK is now selling for just $0.027 in the sixth stage of the presale, making it a great time to get involved!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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Kaspa (KAS) has recently outperformed major Layer 1 blockchains like Solana (SOL) and Ethereum (ETH) in a significant on-chain metric. However, despite this achievement, the price of KAS has remained relatively unchanged.
This development has caught the attention of the crypto community, with prominent figures such as Yoriichi Tsugikuni and Crypto Prose taking to social media to discuss Kaspa’s unique position in the blockchain space.
### Kaspa Outpaces Solana and Ethereum
According to crypto analyst Yoriichi Tsugikuni, Kaspa’s KRC-20 transactions have hit an all-time high, surpassing the transaction volumes of both Solana and Ethereum.
“ Proof of Work L1s can’t handle a high throughput & can’t scale, PoS FTW 🤡
Enter $KAS 🗿
Kaspa is either proving that sacrificing your Security and Decentralization for scalability isn’t THE only way to achieving peak performance OR that there is ONE exception to that rule… pic.twitter.com/vMrPuWHvC5
Over 13 million transactions were processed on Kaspa, compared to 4 million on Solana and 1.1 million on Ethereum. This demonstrates Kaspa’s potential as a Proof of Work (PoW) blockchain capable of handling high throughput without compromising decentralization or security, unlike many Proof of Stake (PoS) networks.
Tsugikuni’s analysis suggests that Kaspa may be challenging the widely held belief that scalability can only be achieved by sacrificing other critical blockchain elements. The network has shown resilience under significant transaction load, further highlighting its scalability.
### KAS Price Stays Flat Despite Transaction Surge
While Kaspa’s transaction volume has surged, its price has remained relatively stable. According to CoinGecko, at the time of writing, [Kaspa is trading at $0.1729](https://www.coingecko.com/en/coins/kaspa), reflecting a 0.58% increase over the last 24 hours and a 2.04% gain over the past week.
This price trend is not unusual for Kaspa, as it has historically shown a tendency to move contrary to broader market trends. In the past, Kaspa has experienced price increases during market downturns, a pattern that investors may be monitoring closely.
Despite the recent on-chain performance, the market has responded calmly to these developments. This suggests that Kaspa’s market dynamics may not immediately reflect its technical achievements.
### Strong Holder Base Adds Stability
Another key insight into Kaspa’s current state comes from Crypto Prose, who revealed that 7.04% of Kaspa’s supply has remained unmoved for over two years, reaching an all-time high.
The percentage of #Kaspa’s supply not moved over the last 2 years has broken an ATH reaching 7.04%.
In other words, ~1.73 billion $KAS has not moved at all over the last 2 years and it’s increasing. These holders are not willing to sell soon, not even at $1.
Approximately 1.73 billion KAS tokens are held by long-term investors who have not moved their holdings, even as the token approaches the $1 mark. This strong base of long-term holders may indicate confidence in Kaspa’s future potential, providing stability as”
Kaspa’s (KAS) market performance has seen significant turbulence in the past 24 hours.
The KAS price dropped by 4% on Wednesday, and its trading volume also declined by 10.44%. At the time of writing, the price stands at $0.1686.
Crypto analyst Jim, known as @Cryptographur on X, informed his 16.3k followers that the majority of the selling pressure came from short-term holders. According to him, these investors lack conviction, having held the asset for less than six months, and are selling out of fear.
In contrast, long-term holders who have maintained their positions for over six months are showing more confidence. These investors are in profit and are less likely to sell.
### Kaspa’s Short-Term Holders Contributing to Price Volatility
The chart shared by Jim highlights the percentage of KAS supply that hasn’t moved for over three months. It shows that as the price fluctuates, many short-term holders begin selling, likely due to fear of further losses.
Jim further explained that these investors have not held the asset long enough to see substantial gains, leading to panic selling when prices dip.
The chart shows a notable drop in the percentage of KAS held by short-term holders during early 2023, coinciding with a period of increased price volatility. This behavior has added to the fluctuations in KAS pricing.
### KAS Long-Term Holders Show Stronger Conviction
On the other hand, the chart tracking KAS supply that hasn’t moved for over six months indicates that long-term holders are maintaining their positions with confidence.
The percentage of supply held by these investors has steadily increased, surpassing 40%. This rise suggests that these holders, who have likely experienced profits, are not motivated to sell despite short-term price fluctuations.
Image Source: X/Cryptographur
According to Jim, these long-term investors are more resilient and see potential in Kaspa. Their confidence is reflected in the upward trend of both the supply held and the price of KAS, indicating stability from this group.
### Correlation Between Price Trends and Holding Patterns
The divergence in behavior between short-term and long-term holders is crucial for understanding Kaspa’s price movements.
As long-term holders accumulate and remain inactive, their stability reduces overall sell pressure. Meanwhile, fear-driven sell-offs from short-term holders create temporary volatility.
Both charts clearly illustrate this dynamic. While short-term holders sell in response to market dips, long-term holders provide a foundation of support, which could help Kaspa’s price continue on an upward trend over time.
Crypto Analyst “@Mikroweller” shared a 24-hour recap with his 6.6k followers on X yesterday, saying that the network achieved record-breaking performance over the past day, pushing the boundaries of Proof of Work (PoW) chains. However, this event has positioned Kaspa as a standout in the blockchain space.
Record-Breaking Transactions and Fees Collected
Weller mentioned that the Kaspa network handled more than 13 million transactions within 24 hours, marking an impressive feat in the world of PoW blockchains.
Typically, the network processes around 30,000 transactions per day, but the recent KRC-20 token launch saw an increase of over 400 times the usual volume. However, the analyst added that this level of activity sets a new benchmark for Kaspa and other PoW chains.
Furthermore, with this surge in traffic, Kaspa miners also experienced a rewarding payday. Over 21 million $KAS were collected in transaction fees during this period. If the network can maintain even a fraction of this volume, it is expected that more miners will be attracted to Kaspa due to its profitable nature.
Kaspa’s Network Handles High Traffic with Ease
The analyst stated that the Kaspa blockchain demonstrated its capability by consistently managing an average of 200 transactions per second (TPS) throughout the token launch.
The highest recorded TPS was around 1,000, as per Kaspalytics, showcasing the scalability and efficiency of the network. Moreover, over 80,000 unique addresses participated in the KRC-20 token launch, highlighting the strong demand for Kaspa-based tokens.
Furthermore, a key aspect of Kaspa’s success was its ability to maintain stability under pressure. The memepool, which temporarily stores unconfirmed transactions, handled over 140,000 queued transactions at its peak. Despite some Kaspa nodes running on less powerful hardware, such as Raspberry Pis, the network continued to perform efficiently.
Mikro Weller mentioned that over 156 tokens were deployed during the first 24 hours of Kaspa’s KRC-20 launch, including popular tokens such as $NACHO, $GHOAD, and $SOMPS. Many of these tokens have already been fully minted, reflecting the high demand for new assets on the Kaspa network.
Though some minor issues arose with the KasWare wallet, leading to a few users losing funds, the overall launch has been praised as a historic moment for Kaspa. According to @mikroweller’s tweet, the KRC-20 launch successfully demonstrated Kaspa’s strength and ability to manage large-scale traffic without compromising its performance.
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Crypto Analyst “@BlockchainCrypto” recently shared a detailed video discussing the potential future value of 50,000 Kaspa (KAS) tokens by 2025. Over the past year, Kaspa has seen a notable price increase, moving from $0.0457 to its current value of $0.1661, which has garnered significant attention from investors.
In the video, BlockchainCrypto highlighted that Kaspa’s active development and market potential could lead to substantial gains. The analyst emphasized that his research, which includes market trends, price predictions, and expert insights, provides a clearer understanding of where KAS might be headed.
Kaspa’s Technological Edge
One of the standout features of Kaspa, according to BlockchainCrypto, is its innovative GhostDAG protocol. Unlike traditional blockchains, Kaspa’s technology allows for parallel block processing, which significantly improves transaction speed and scalability.
This unique approach positions Kaspa as a strong candidate for mass adoption, particularly as its technology continues to evolve.
Currently, Kaspa is valued at $0.1661 per token, with a market capitalization of $4.14 billion. The token has already experienced significant growth, reaching an all-time high of $0.21 in August 2024, as per CoinMarketCap data.
Kaspa’s Price Predictions for 2025
BlockchainCrypto mentioned that various analysts and crypto enthusiasts have shared predictions about where Kaspa’s price could be by 2025.
There are speculations that the token’s price could surge to $1.50 by early 2025, driven by current market trends. If this happens, 50,000 KAS tokens could be worth $75,000 or more.
These optimistic forecasts are influenced by several factors, including Kaspa’s unique GhostDAG protocol, its growing community, and strategic partnerships with exchanges like KuCoin and platforms like Zelcore. These collaborations have helped strengthen Kaspa’s market position, increasing its visibility and liquidity.
Based on current trends and anticipated developments within the Kaspa ecosystem, BlockchainCrypto noted that many analysts believe the token could see significant growth by 2025. Specifically, some suggest that KAS could reach as high as $1.50 per token, representing a potential 10x growth before 2025 begins.
If this scenario plays out, 50,000 Kaspa tokens could be worth $75,000. Moreover, some optimistic projections suggest that Kaspa’s price could rise to between $8 and $10 per token, potentially making 50,000 KAS tokens worth as much as $400,000 to $500,000 by 2025.
The analyst explained that several factors, including Kaspa’s timely technological advancements, play a crucial role in achieving such growth. He added that the development team is continuously working to enhance the network’s capabilities.
Recently, the team introduced updates aimed at improving Kaspa’s network efficiency and reducing transaction costs. These updates are not only about speeding up the system but also ensuring that it remains secure and scalable as the user base grows.
