Crypto whales are making significant moves as the market prepares for the next bull cycle. Kaspa (KAS) and Shiba Inu (SHIB) are seeing reduced interest, while the crypto casino project Rollblock (RBLK) is gaining traction. This shift comes as Rollblock’s presale is set to deliver 200% returns this week, and its growth projections for 2024 have been upgraded to 100x.
Kaspa’s KRC20 Launch: A ‘Sell the News’ Moment for Whales
Some may find it surprising that whales are moving away from Kaspa, given its impressive performance this year. Kaspa’s price has surged by 250%, driven by its advancements in Proof of Work technology.
However, with the KRC20 launch now behind it, many whales may feel that Kaspa has reached its peak. The excitement surrounding the KRC20 launch, which introduced token minting to Proof of Work, was substantial. As a result, some whales may be opting to ‘sell the news.’ Nevertheless, certain experts believe that Kaspa could still see further gains despite the current whale sentiment.
Shiba Inu Faces Challenges as New Meme Coins Emerge
The decision by whales to exit Shiba Inu is less surprising. Although Shiba Inu experienced a 3x price increase during the 2024 meme coin rally, it has since lost more than half of those gains.
The meme coin sector is expected to be highly competitive in the upcoming bull cycle, and Shiba Inu may not be positioned to dominate. Newer meme coins from emerging blockchains are likely to outperform, causing Shiba Inu to lose momentum.
Rollblock’s Presale Delivers 200% Returns and 100x Growth Potential
Rollblock, a crypto casino project, is making waves with its presale, which is set to deliver a total return of 200% for early participants. Rollblock has also seen its growth projections for 2024 upgraded to an impressive 100x.
The excitement around Rollblock is fueled by its innovative approach, combining blockchain technology with the world of online gambling. Rollblock offers a next-generation gambling experience, free from the delays, red tape, and high fees often associated with traditional online gambling platforms.
Players can instantly access games using twenty major cryptocurrencies, and Rollblock has revamped the outdated user interface of traditional gambling sites with cutting-edge UX design.
In addition to its sleek platform, Rollblock offers a generous rewards program and has built a strong social media presence. New players benefit from deposit matching, while experienced players enjoy high-roller rewards. Investors and players alike can participate in regular events hosted on Rollblock’s social media channels.
Rollblock’s most significant innovation is its native token, RBLK. The token is supported by daily buybacks, which use 30% of the casino’s revenue. These tokens can be staked for rewards, providing income for holders, or burned to create deflationary pressure, increasing the token’s value. RBLK is expected to sell out of its stage six tokens at $0.027 in the coming days, making now an opportune time to get involved!
Explore the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAlt”
In the YouTube video titled “Why Kaspa (KAS) Could Make You A Crypto Millionaire In 2025!!,” posted by Blockchain Crypto, the speaker discusses the impressive growth potential of [Kaspa (KAS)](https://captainaltcoin.com/analyst-explains-why-kaspa-kas-price-faces-selling-pressure/), highlighting its current market position and technical strengths.
Kaspa’s Growth Potential and Current Market Standing
At the time of the video, Kaspa was trading at approximately $0.16 per coin, with a market capitalization of around $4 billion, showcasing its credibility in the cryptocurrency space. The speaker mentions that Kaspa entered the market with a listing price of about $0.00008, making it an attractive option for early investors.
During the 2022 crypto downturn, Kaspa hit an all-time low of $0.0016. Despite this, it demonstrated resilience, beginning a steady upward trend. By August 2024, Kaspa reached an all-time high of $0.20, generating excitement within the crypto community and positioning itself as a coin worth watching.
Kaspa’s Technical Advantages
Kaspa utilizes a [proof-of-work mechanism](https://www.forbes.com/advisor/investing/cryptocurrency/proof-of-work/) alongside the innovative GhostDAG protocol. This combination allows blocks to coexist and be ordered in consensus, significantly improving scalability, speed, and decentralization, distinguishing it from traditional blockchains.
The speaker emphasizes that Kaspa’s GhostDAG protocol ensures high throughput without compromising security, making it ideal for applications that require both speed and efficiency.
The Kaspa community has expressed interest in a high-performance mobile wallet, which is currently in development. Additionally, the upcoming DagKnight protocol aims to replace GhostDAG, offering even faster and more secure capabilities. Kaspa is also working on improving transaction and block speeds, with plans to increase blocks per second to 32, enabling instant transactions and confirmations.
Vision for 2025 and Beyond
Kaspa aims to become the fastest, most scalable, and secure Layer 1 cryptocurrency. The team is continuously refining its technology to achieve peak performance, with a long-term vision that includes supporting smart contracts, DeFi applications, and Layer 2 solutions.
In 2024, Kaspa secured several partnerships, including one with Chainlink, integrating decentralized Oracle technology into its ecosystem. This collaboration enhances Kaspa’s potential in decentralized finance (DeFi) and other applications by enabling secure off-chain data integration.
Kaspa’s Millionaire Potential: KAS Price Prediction
Analysts predict that Kaspa could reach $1 by 2025, making it a potential millionaire-making asset for early investors. To achieve $1 million by that time, one would need to own 1 million Kaspa tokens, requiring an investment of $160,000 at the current price. The speaker is even more optimistic, suggesting that Kaspa could reach $3 per token, resulting in a portfolio value of $1.2 million for those holding 1 million tokens.
The potential for Kaspa to create millionaires depends on its ability to maintain its current growth trajectory. The speaker draws comparisons between Kaspa’s growth potential and that of Bitcoin and Ethereum, both of which have historically shown remarkable increases.
As major cryptocurrencies like Bitcoin and Ethereum grow, they often elevate other altcoins, potentially benefiting Kaspa. The current low price of Kaspa presents an attractive entry point for investors seeking substantial future returns. However, the speaker advises caution, noting that the volatility of the crypto market requires thorough research and expert consultation before making any investments.
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!
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable”
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.
