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.
