PoW token KAS has grown more than 100 times since launch — analysis of the coin called “the next Bitcoin”

The KASPA token (KAS) rose 17,12% to $0.0199 during the day and continues to grow actively. According to some users, the asset is one of the few that held steady during the entire bear cycle, and now, given that the market is gradually recovering, it may reach new heights. Read more about why KAS is called “the next Bitcoin” and what will happen to the coin in the future.

“The best Layer-1”: what is KASPA?

KASPA is a proof-of-work (PoW) cryptocurrency that implements the GHOSTDAG protocol as its underlying technology. It is a particular kind of blockchain that recognizes blocks mined by properly honest nodes and blocks created by nodes that have deviated from the mining protocol. This ensures a reliable overall order in the network.

This implementation of PoW consensus, on which Bitcoin is also built, ensures safe operation while maintaining a high blocking rate. According to the creators, about 10 blocks per second are now blocked, but there are plans to increase that number to 100. In comparison, Kadena has a 30-second blockchain and Bitcoin has a 600-second blockchain.

Here are some of the features of Kaspa that are worth paying attention to:

• Blockchain data storage.
• SPV Simplified Payment Verification. It can verify payments without needing to download the entire blockchain proving.
• Later subnet support, which should make it easier to implement Layer-2 solutions in the future.

For now, among Layer-1 blockchains, Kaspa is considered one of the best. And some believe it could very well compete with Bitcoin.

Kaspa already has a number of features, among them:

• The ability to maintain a high level of blockchain while maintaining a level of security. This is made possible by performance verification environments.
• Network speed. Kaspa’s core network is capable of processing one block per second. Future plans are to increase this number to 10, or even 100.
• Unique monetary policy, as the issue of the asset, will decrease exponentially. Miners will receive 440 KAS for mining a block, and the cost per mining block will be halved twice a year. In simple words, a change in block generation rate will automatically result in a change in the reward for the mined block, while the given emission level will remain unchanged.

As for the founders of Kaspa, the project was developed by the research company DAGLabs. However, most of the project is supported by the community, because thanks to the open-source code, anyone can contribute to it.

The founder is Postdoctoral CS at Harvard University on the MEV research team Yonatan Sompolinsky. In addition, the following people are involved in the development of the project:

• Cryptography doctoral student Shai Wyborski.
• CS master Michael Sutton.
• CS undergrad studies Mike Zak.
• Cryptography researcher Elichai Turkel.
• Developer Ori Newman.

Market is red, KAS not caring: the token current price

At the moment of writing this article, KAS is trading at $0.01952, which is 12,73% less than the day before. What makes it unique is that on this day, March 27, the asset formed its next ATH [all-time high].

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And looking at the token since its launch in June 2022, we can say that it has never fallen critically, but is constantly growing. And that’s despite the crisis in the whole market caused first by the collapse of Terra Labs and then FTX.

When the token entered the market, it was worth $0.00017105. So if you had invested in the asset at the start, you would now have earned x115 times the amount invested. To be precise, the growth was 11,153%.

As for trading volumes, the index rose by almost 100% overnight to $10,385,982. Obviously, the growth in the value of the asset caused increased interest in it.

According to CoinGecko at the moment of writing the article KAS can be bought on the following exchanges:

• MEXC Global (KAS/USDT);
• Gate.io (KAS/USDT);
• Txbit (KAS/USDT);
• CoinEx (KAS/USDT);
• TradeOgre (KAS/BTC and KAS/USDT);
• DigiFinex (KAS/USDT);
• Hotbit (KAS/USDT);
• XT.COM (KAS/USDT).

The cheaper asset is traded on the TradeOrge exchange in pairs with BTC. The token can be purchased on the platform for $0.1925852. As for the trading volume, KAS was most traded on Txbit during the day. During the day, the index reached $4,485,255. On the exchange platform, the asset is traded in pair with the stablecoin USDT.

The asset is not yet traded on large exchanges such as Binance, but enthusiasts are already making predictions about what the scene will be if it happens.

imagine when $Kas Listed on @kucoincom & @binance & More top 10 #CEX what a parabolic move will be If that’s how she performs on bear Market How will it be in Bull Market just imagine 1$ is nothing i just told you Not a financial advice #BTC #cro #AVAX #XRP pic.twitter.com/R7V5y0lFDB

— Omeich 𐤊 (@1Omeich) March 27, 2023

And here’s what the experts think about the future of KAS.

KAS future price prediction

Throughout the bear market, the asset has only been rising, making higher highs and higher lows. And according to the analysts at ParabolicPump, as long as the KAS holds the white upsloping trendline, the uptrend is likely to continue. However, you still need to be on your guard.

“If KAS decides to break the line, a possible entry could be the green upsloping trendline. In the last days KAS has shown a divergence between the uptrending price andthe decreasing volume, which can indicate a short term reversal,” says the expert.

And this has already happened between November and December, experts say. This conclusion can be made by comparing the price movement at the end of 2022 and the state of the token from February 28 to the current period 

If the asset will continue to grow in the same way, according to analysts from ParabolicPump, KAS can reach the level of $0.5 by 2025, and at best it will reach $5, which will mean the growth of 100 times.

Now let’s get to my long term $KAS prediction:

If crypto cycles move in the same way they have in the past, this is what i see coming for $KAS

I think 50 cents should be the minimum target by 2025. I see anything between 0,5$ & 5$ as realistic.
So possibly a 100x! pic.twitter.com/pDr5pxdQAe

— ParabolicPump (@ParabolicPump) March 26, 2023

At the same time, there is a chance that KAS will not fall until the next bull cycle, that is, it will go into a growth phase. Therefore, according to crypto investor 21M, this could be one of the rare projects about which you can say “the next Bitcoin.”

I think I’m experiencing FOMO b/c I am thinking $KAS might not retrace at all until post next bull market cycle & just keep going up til then

It’s one of those projects that doesn’t come along very often & many people thinking/feeling they found the next #bitcoin #btc #KAS

— 21M (@CryptoIQ_21M) March 27, 2023

What do you think about the KAS token? Does it have a chance to climb the cryptocurrency Olympus and displace BTC, which has been the leader for more than a decade? Please share your thoughts with us in the comments.