2023-10-28 09:51 |
A bold prediction is being made by Travladd Crypto that the cryptocurrency Kaspa (KAS) could see massive growth similar to what Solana (SOL) experienced in 2021. Travladd points out that during last year’s bull market, SOL broke a $100B market cap after starting the year around $1.80 and just a $750M market cap.
He believes KAS could follow a similar trajectory thanks to some key advantages. Kaspa is the world’s fastest open-source and fully scalable layer 1 blockchain, utilizing an innovative BlockDAG structure. It currently sits at a market cap of just under $1.06B with a price of $0.0497.
Key Advantages Over SolanaWhat gives KAS the potential to mirror SOL’s meteoric rise? Travladd outlines a few key differences:
Fair Launch – Unlike SOL, KAS had no VC backers or token unlocks that could lead to dumping. Regulatory Compliance – With no ICO or IDO, KAS should not face the same regulatory threats. Superior Scalability – Kaspa can generate and confirm multiple blocks per second without sacrificing decentralization.By combining fair distribution, regulatory compliance, and best-in-class scalability, KAS seems primed to follow the SOL model of going from obscurity to a top 10 market cap in short order.
The Path ForwardIf Kaspa can continue delivering on its technological promises, 2023 could be a breakout year. As more developers build on the network, adoption and awareness should snowball. With the crypto market poised to heat up again, the conditions are perfect for KAS to mirror SOL’s success. Backing from respected voices like Travladd lends further credibility to this BlockDAG challenger’s chances.
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The post Why Kaspa (KAS) Will Mirror Solana’s 2021 Success appeared first on CaptainAltcoin.
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