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A recent YouTube video by Crypto Future delves into the intriguing question of whether Kaspa has the potential to break into the top 10 cryptocurrencies by market capitalization.
The host shares a positive outlook, indicating that Kaspa might achieve this milestone for several compelling reasons.
Kaspa’s Mining Hash Rate
The video highlights that Kaspa’s mining hash rate has been experiencing significant growth throughout the year. The increasing number of companies and individuals mining Kaspa suggests a rising interest and adoption, which bodes well for the project’s future prospects.
Comparison with Cardano
The presenter compares Kaspa to Cardano, particularly focusing on Cardano’s performance during the 2020-2021 bull run.
With KAS having nearly half the maximum supply of Cardano, the speaker believes this gives Kaspa a remarkable growth potential.
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The video compares Kaspa’s price earlier this year to Cardano’s price of around 3 cents during the 2020-2021 bull run. Despite Cardano lacking smart contracts or major development activity at that time, it experienced significant growth.
Both projects faced similar criticisms—Cardano was criticized for not having smart contracts, just as Kaspa faced skepticism about its utility earlier this year.
Future Developments in Kaspa
The speaker notes that Kaspa is advancing into smart contracts with the introduction of KRC2, which he views as a significant development. This could potentially bring more liquidity into the Kaspa project.
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Source: captainaltcoin.com