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Kaspa has emerged as a noteworthy cryptocurrency due to its distinctive attributes. Its investors remain confident in the crypto’s capabilities, and the token consistently delivers strong performance.
Freeman Finance and Crypto has identified three compelling reasons that suggest a potential surge in the price of KAS in the near future. This was detailed in a 12-minute video on their YouTube channel, which boasts over 6,000 subscribers.
The analyst views Kaspa’s current price of approximately 16 cents as a buying opportunity, especially when compared to its previous peak of 21 cents.
Kaspa’s market valuation is currently just under $4 billion. The creator is optimistic about its future, proposing that Kaspa could achieve a market cap ranging from $50 to $300 billion as it gains more traction and recognition.
4 Reasons Kaspa Price Will Surge Soon
The presenter elaborated on four reasons why he anticipates a significant increase in Kaspa’s price:
Exchange Listings and Accessibility
One of the key reasons for the anticipated price surge is the potential for increased availability on major exchanges. The creator notes that while Kaspa is not yet widely listed, Kraken has expressed interest in listing it, which could lead to broader adoption.
Kaspa’s advanced technology, particularly its proof-of-work protocol, presents challenges for exchanges in terms of auditing and node setup, causing delays in listings. However, the creator is confident that these challenges will be overcome, paving the way for Kaspa’s inclusion on major exchanges.
The creator references Nicholas Cysill, a former Binance research lead, who is optimistic about Kaspa. Cysill believes that despite current technical hurdles, Kaspa will eventually be listed on major exchanges.
Technological Advancements and Real-World Use Cases
The analyst also highlighted ongoing developments on Kaspa’s KRC20 protocol, which are expected to drive demand. Initial issues with fee structures during the beta launch have been resolved, and new projects are in development.
Kaspa is gaining attention for its potential in launching meme coins and tokenizing real-world assets. The video mentions projects like “Nacho the Cat” and other meme coins, as well as initiatives like “Fon,” which aims to tokenize real-world assets within the Kaspa ecosystem.
Peer-to-Peer Payments and Global Reach
The analyst claims that Kaspa is the ideal cryptocurrency for peer-to-peer payments due to its privacy, low fees, global reach, and security.
Kaspa is favorably compared to other cryptocurrencies like Bitcoin and Solana. While Bitcoin is secure, it is not suitable for small, everyday transactions due to high fees.
Solana, though fast and inexpensive, lacks the security of Kaspa, making Kaspa the superior choice for everyday transactions.
The video lists various merchants and platforms that have already begun accepting Kaspa, ranging from Forex trading platforms to dental services.
Increase in Kaspa’s KAS Accumulation
The number of wallets holding more than 1,000 KAS coins has seen a significant increase.
Additionally, there has been a substantial decline in the number of Kaspa tokens held on exchanges, indicating a growing trend of users storing their tokens in personal wallets.
These factors could reduce selling pressure and are positive indicators that the token is on an upward trajectory.
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Source: captainaltcoin.com