Kaspa is preparing for two significant updates that enthusiasts believe could propel it into the top 10 cryptocurrencies during the next market upswing. A recent video by cryptocurrency influencer Crypto Archie highlighted these updates, suggesting they could push Kaspa’s native token KAS to $5 or more.
Currently sitting at the 25th position in terms of market capitalization, Kaspa has maintained its position near its peak values, even without listings on major exchanges such as Binance, Coinbase, or Crypto.com. However, as the project continues to gain momentum, these listings may become a reality.
Kaspa is introducing KRC2, a new token standard akin to Bitcoin’s BRC2, as its first major update. This development will allow the creation of various projects, including meme coins, on Kaspa’s platform. The network’s speed, security, and decentralization are expected to attract developers looking for a robust base layer.
The rollout of this update is likely to increase Kaspa’s utility and demand as it becomes the gas token for transactions on KRC2 projects. Kaspa aims to address the blockchain trilemma by offering a decentralized, scalable, and secure network.
The second major update involves the integration of stablecoins, particularly Tether (USDT), into Kaspa’s ecosystem. Crypto Archie referenced an interview where Kaspa developer Shai Dash hinted that stablecoins might be introduced to Kaspa sooner than anticipated.
Incorporating stablecoins would enhance Kaspa’s functionality and could draw users from other chains currently used for USDT transactions like Tron. This move would increase the utility and adoption of the Kaspa blockchain.
While the exact timelines for these updates are not confirmed, Kaspa’s dedicated community is excited about the project’s prospects. The commitment of this growing user base will be crucial in promoting the use of KRC2 projects and stablecoin transactions on Kaspa.
With its advanced technology, Crypto Archie believes Kaspa has the potential to outperform many existing top 20 projects as it experiences its first true bull cycle. He has set a short-term price target of $2 to $4 for KAS but sees the possibility of it reaching $5 or more.
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Source: captainaltcoin.com