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Many in the crypto space have started to view Kaspa as the “digital silver” to Bitcoin’s “digital gold.” This sentiment was recently echoed by a crypto analyst known as Colonel Roy on X (formerly Twitter).
Colonel Roy Mustang has expressed a strong belief in the future potential of Kaspa (KAS). He has made it clear that he plans to hold onto his KAS tokens for the foreseeable future, driven by his vision of how the cryptocurrency landscape will evolve.
As Bitcoin (BTC) is on the verge of being included in the US strategic reserve, Mustang predicts that other nations will follow suit. This could lead to a significant increase in Bitcoin’s value, which in turn may attract new investors who missed out on Bitcoin’s early days. These investors will likely be on the lookout for the next big opportunity.
Kaspa’s Price Surge to $1: A Conservative Estimate with 10x Potential
Mustang draws a comparison between Bitcoin and Kaspa, suggesting that if Bitcoin is digital gold, then Kaspa is digital silver. Interestingly, the word “Kaspa” translates to silver in Aramaic. He notes that Kaspa’s current price, which is below $1, holds psychological significance and has generated excitement about its potential to reach that level.
Even if Kaspa were to hit $1, its market cap would still leave room for considerable growth.
In a recent post, Mustang highlighted Kaspa’s impressive technical capabilities, particularly its ability to process transactions at a rate of 10 blocks per second (BPS). This is approximately 6,000 times faster than Bitcoin’s transaction speed.
The strength of the Kaspa community, along with the upcoming introduction of smart contracts, further enhances the project’s appeal. Mustang envisions a scenario where Kaspa reaches $1, supported by its fast transaction speed and the activation of smart contracts, which could push its market cap to around $25 billion.
Such a development could shift the narrative, with Kaspa being compared to early investments in Ethereum (ETH) or Solana (SOL) when they had similar market capitalizations.
Read Also: How Long Will the Bitcoin (BTC) Bull Market Last?
With the Rust programming language making it easier for developers to transition from projects like Solana to Kaspa, Mustang believes that a $1 price point is a conservative estimate. He argues that a 10x increase in value is a realistic expectation as the market matures. To those who claim that Kaspa has already surged enough, Mustang points to the growing hash rate as evidence of increasing investment and confidence in the project’s long-term potential.
In conclusion, Mustang predicts a significant rise in Kaspa’s value as the cryptocurrency market evolves. He asserts that selling Kaspa at this stage would be a major mistake, reflecting his strong belief in the project’s promising future.
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Source: captainaltcoin.com