A crypto YouTube channel, Remit Trade, has shared an optimistic outlook on Kaspa (KAS), forecasting that the digital asset could create millionaires by 2025.
According to the analyst featured in the video, “millionaires are going to be made from this very move coming into Kaspa.” He suggests that the upcoming price movement for Kaspa will mark a significant milestone in the cryptocurrency’s journey, with a target price of $1 after establishing a strong level of support.
Kaspa Has Outperformed Many Other Layer-1 Networks
The analyst highlights that those who invested in Kaspa 2-3 years ago should already be seeing substantial returns. He emphasizes that compared to other layer one and layer two coins in the crypto space, Kaspa has significantly outperformed. The analyst noted, “if you invested in Kaspa 2-3 years ago, you should be in massive, massive money right now.”
Kaspa, currently ranked 22nd on CoinMarketCap, has achieved an 88,000% all-time increase. The analyst compares this performance to other prominent cryptocurrencies. For instance, Polygon (MATIC) has seen a 9,660% increase, Near Protocol (141%), Litecoin (1,444%), Chainlink (6,572%), and Polkadot (63%). Despite the success of these projects, Kaspa’s growth dwarfs them all.
Moreover, the analyst notes that even Bitcoin Cash is down 33.37% all-time, while Shiba Inu, despite its 1 million percent increase, is not considered a layer one or layer two blockchain, thus not a direct comparison to Kaspa. Other major projects like Avalanche (375%), Cardano (1,486%), and TRON (6,995%) also fall short when compared to Kaspa’s incredible growth.
The only two cryptocurrencies that have outpaced Kaspa are Ethereum, with a 93,000% all-time increase, and Binance Coin (BNB), with a 492,000% increase. However, the analyst emphasizes that Kaspa is still very low, currently trading below $1, which suggests significant room for growth.
Upcoming Listings Could Play a Major Role
The analyst believes the next wave of Kaspa listings on tier-one exchanges is crucial. He notes that Kaspa is already available on platforms like Bybit, Gate.io, and CoinEx, but is yet to be listed on Binance, OKX, Coinbase, and other major exchanges.
He argues that when these listings come into play, Kaspa could “explode all the way to the upside just like BNB did in the past.”
The analyst strongly advises investors to consider adding Kaspa to their portfolios now, emphasizing that the rejection seen on the current chart is significant.
He suggests that the market may experience a slight pullback before Kaspa’s final move to the upside. This comparison is deemed critical for Kaspa investors, as the analyst believes it could “make you rich in the heat of the bull”
The Kaspa (KAS) community is growing increasingly frustrated due to the delay in spot listings on major exchanges such as Binance, Kraken, and OKX. Although Kaspa is available on these platforms’ futures markets, it has yet to secure a spot listing.
In a recent analysis, Crypto ZX speculates that these exchanges might be waiting for the launch of Kaspa’s smart contracts before proceeding with a full listing. Additionally, regulatory concerns and other technical factors could also be contributing to the delay.
Strong Community Support Amid Delays
Despite the delay, Kaspa’s community continues to show strong support for the project. A recent X poll highlighted this sentiment, with many voters choosing Kaspa over established cryptos like Bitcoin and XRP.
This overwhelming backing underscores the robust community engagement surrounding Kaspa. Moreover, the analysis points out that exchanges have listed Kaspa on futures platforms, indicating their recognition of its potential, even though a spot listing remains elusive.
Bitcoin’s Influence and Kaspa’s Price Action
Kaspa’s recent price movements have been influenced by Bitcoin’s market behavior. As Bitcoin experienced a “complete fakeout” after retesting a key resistance level, its downward move led to a ripple effect across the crypto market, impacting Kaspa as well.
On the daily timeframe, Kaspa lost support at the 61.8% Fibonacci retracement level, dropping to 16.1 cents. The analysis emphasizes the importance of this level, noting that if the current support fails, Kaspa could potentially retest the 15.8 cents area.
Despite this decline, Kaspa has maintained strong momentum, positioning itself as one of the best-performing assets over the past 12 to 18 months.
Key Resistance Levels and Future Prospects
Kaspa’s price has repeatedly tested a critical resistance level at 17.3 cents over the past two weeks but has yet to break through it. According to Crypto ZX, a breakout above this level is essential for Kaspa to reach the next resistance at the 38.2% Fibonacci retracement level.
Historically, breaking such key resistances has led to sharp price increases, sometimes resulting in new all-time highs. The analysis suggests that if Kaspa can overcome this barrier, it could lead to price gains, potentially setting the stage for new highs.
However, the speaker stresses the importance of market conditions aligning to provide the necessary bullish momentum.
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Just a few days ago, a close friend of mine asked me, “Which altcoins are showing the most potential for gains and strong technicals in this bull run?” Without hesitation, I answered—Kaspa.
This altcoin has delivered 100x gains in 2023 and early 2024, and it remains one of the best-performing altcoins on the market, even in these relatively quiet market conditions.
However, if you’re on the hunt for a top crypto to buy now with the potential for 100x gains, Kaspa might not be the ideal choice anymore. After all, it has now reached a market cap of $4 billion.
Alephium (ALPH) is a next-generation Layer 1 blockchain that has recently caught my attention. It’s addressing the three major challenges in blockchain: scalability, security, and decentralization. And it’s doing an impressive job.
What really makes Alephium stand out is its BlockFlow sharding algorithm. It essentially breaks down the blockchain into smaller, more manageable pieces, allowing for parallel processing. This innovative approach boosts Alephium’s throughput to an astounding 10,000 transactions per second. To put that in perspective, Bitcoin only manages 7 TPS, which is why I’m so intrigued by Alephium.
But it’s not just about speed. Alephium utilizes the UTXO model, similar to Bitcoin. This means each transaction is independent, enhancing the system’s security and efficiency. It’s an ideal setup for dApps and DeFi projects.
And let’s not forget their Proof-of-Less-Work consensus mechanism. It’s like Proof-of-Work but far more efficient. It dynamically adjusts mining difficulty, reducing energy consumption by 87% compared to traditional PoW systems. That’s a significant advantage in today’s eco-conscious world.
When it comes to technicals, ALPH is the closest thing I’ve found to Kaspa. And with a market cap of just $129 million? That’s seriously undervalued in my opinion. We’re talking about a project that’s addressing real issues and has the potential to reshape the industry, much like Kaspa. If Alephium can deliver on its promises, its market cap could easily multiply several times over.
Aside from Kaspa, meme coins have also generated significant gains this bull run. Because of this, one meme coin has made it onto our list of top altcoins to buy now that could replicate Kaspa’s success and deliver 100x gains this year.
It’s PandaWorld’s PADW token. This is a very early-stage project currently in presale, with over $100,000 raised so far.
The $PADW token is central to PandaWorld’s ecosystem. It’s not just another meme coin; it has real utility. Players can earn $PADW by participating in games and then use it to purchase in-game items, stake for benefits, or cover transaction fees. It’s like a mini-economy within the platform.
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Crypto analyst Crypto Chrys has provided an in-depth analysis of Kaspa (KAS), focusing on its current market standing and growth potential. The analysis underscores the significance of Kaspa’s rising hash rate and its connection to Bitcoin’s price trends as crucial elements for investors to monitor.
Strengthening Kaspa Network
According to Crypto Chrys, Kaspa’s hash rate is experiencing a steady increase. Currently around 8115 PH/s, the network is anticipated to exceed 900 PH/s in the near future. This upward trend in hash rate is seen as a positive signal, reflecting growing miner confidence and enhanced network security.
The analyst notes that a rising hash rate often precedes price appreciation. As more miners contribute to the network, it typically indicates heightened interest and investment in the cryptocurrency. This pattern could potentially lead to a favorable price movement for Kaspa in the upcoming weeks.
Kaspa Price Outlook
Crypto Chrys mentions that Kaspa is currently valued at approximately 16.49 cents, which he describes as a “very neutral and stable position.” The cryptocurrency is facing a significant resistance level at 17.5 cents.
A breakthrough above this level on the daily chart could confirm a bullish reversal and possibly initiate an upward trend.
If Kaspa manages to surpass the 17.5-cent resistance, Crypto Chrys speculates that the price could quickly rise to the 40 to 50 cent range. However, this potential movement is largely dependent on broader market conditions, particularly the performance of Bitcoin.
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This week, the crypto community is buzzing with speculation about which top altcoin will be the first to reach the $1 milestone. Kaspa’s (KAS) innovative BlockDAG protocol is gaining attention, while Dogecoin (DOGE) is leading the charge for a potential meme coin resurgence.
However, the most significant interest is centered around the GambleFi powerhouse, Rollblock (RBLK). Many are predicting that Rollblock will surge past $1 following its upcoming ICO.
Dogecoin Rally Unlikely to Reach $1
Crypto experts believe that the next meme coin rally will be limited to a select few established tokens. Investors are holding onto well-known tokens like Dogecoin, hoping for a rally in the upcoming crypto bull market.
Currently, Dogecoin is trading below $0.10, far from the $1 mark. However, with an all-time high of $0.60 in 2021, reaching $1 is not entirely out of the question.
Kaspa’s Steady Ascent Towards $1
The market had largely moved away from Proof of Work blockchains until Kaspa introduced its groundbreaking BlockDAG technology. This innovation allows Kaspa users to benefit from the security of Proof of Work while enjoying modern transaction speeds and lower costs.
Kaspa’s price has been gradually increasing throughout the year due to its technological advancements, but it still requires significant growth to jump from $0.15 to $1. While Kaspa may eventually reach $1, it is expected to be a gradual process over the coming years.
Rollblock’s Path to $1 Fueled by GambleFi
In contrast to Dogecoin and Kaspa, Rollblock is poised for rapid growth as soon as its ICO launches. Rollblock has established itself as a leading altcoin in the GambleFi sector, with the $450 billion global gambling industry offering immense potential.
Rollblock users have access to over 150 top-tier games from anywhere in the world, utilizing a wide variety of tokens and currencies. Additionally, Rollblock has modernized the traditional casino interface with cutting-edge UX design.
Rollblock aims to bring the excitement and community aspect of crypto to the online casino experience. Instead of solitary gameplay, users feel as though they are in a real, live casino, surrounded by others seeking fun and camaraderie.
Rollblock regularly hosts events and giveaways that enhance this sense of community and excitement. The recent Paris Olympics giveaway was a major success, attracting thousands of new players to the ecosystem with daily prizes.
One of Rollblock’s most significant crypto innovations is its revolutionary revenue-sharing model. Each day, Rollblock buys back its $RBLK token from the market using up to 30% of the casino’s revenue. Half of these tokens are burned to reduce long-term supply, while the other half is distributed as staking rewards, offering some of the best APYs in the industry.
Given Rollblock’s innovative approach, crypto experts are predicting potential growth of 100x or more following its ICO. With the current stage five presale price at $0.0205, this suggests that RBLK could reach $1 or even $2 by the end of 2024.
Explore the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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Aside from Helium and AAVE, no other altcoins are showing significant gains today, even though the market is performing fairly well this weekend.
In today’s video, the Crypto ZX Channel provided an update on Kaspa (KAS) and the broader cryptocurrency market. The host discussed recent market trends, Bitcoin dominance, and Kaspa’s price action, giving viewers a detailed overview of the current market landscape.
As of Sunday morning, the crypto market is experiencing some positive movement, with many coins up by 2-3%. Interestingly, Kaspa’s price appears to be lagging, down by 1.2%. Despite this minor decline, Kaspa’s market valuation remains strong, holding above the $4 billion mark. The 24-hour trading volume is around $42 million, indicating that even with the recent pullback, the overall market conditions for Kaspa remain stable.
The host particularly focused on Bitcoin’s performance, noting that its dominance index is on the rise and could soon reach a yearly high. This trend is expected to continue, potentially impacting the entire market, including Kaspa. When Bitcoin dominance increases, it usually signals that more capital is flowing into Bitcoin rather than altcoins like Kaspa.
This shift can result in reduced liquidity and lower price movements for Kaspa and other altcoins as traders focus more on Bitcoin. Conversely, when Bitcoin dominance decreases, it suggests that traders and investors are reallocating funds from Bitcoin to altcoins, often leading to an “altcoin season” where coins like Kaspa may experience significant price increases.
Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.
