7 Reasons Why Kaspa (KAS) Price is ‘Destined’ To Hit $20

Kaspa has been a coin to watch for a long time due to its high price volatility and how quickly it trends upward. Various analysts have made predictions about the price of KAS and how far it can go.

One of the latest predictions is from CryptoGrodd, who is confident that Kaspa is destined for a spike to $20. The analyst outlined some reasons he thinks this is possible. Let’s consider his reasons one after the other.

KRC20

KRC-20 tokens on Kaspa represent a notable advancement in blockchain token standards, combining smart contract functionality with the network’s high-performance GHOSTDAG protocol. These tokens enable dApp development while maintaining rapid ~10 second block confirmations and parallel processing capabilities, effectively reducing network congestion.

The standard’s economic model, which includes dual mining rewards and has generated significant adoption fees, has helped establish Kaspa as a competitive platform for decentralized applications and token-based projects.

Read Also: Worldcoin (WLD) Price Could Hit $4 Soon – Analyst Says It’s a ‘Good Looking Chart!’

Fastest Proof-of-Work Currency

Kaspa’s architecture enables rapid block creation and high transaction throughput with minimal delay. This performance makes it well-suited for DeFi and dApps that require quick execution.

The network maintains consistent speed as usage grows, combining proof-of-work security with the scalability needed for widespread adoption.

First Blockdag

Kaspa’s GhostDAG protocol enables parallel block processing, breaking from traditional blockchain’s sequential approach.

By handling multiple blocks simultaneously and incorporating orphan blocks into its consensus mechanism, GhostDAG achieves faster confirmations and higher throughput than single-block chains.

$KAS Kaspa is building momentum:

– KRC20
– Fastest POW currency
– First blockdag
– 100% Fair launch
– Smart contracts Coming
– Solves the trilemma
– TIER 1 LISTINGS COMING

Destined to hit $20.

— CryptoGrodd (@groddofcrypto) November 12, 2024

100% Fair Launch

Kaspa launched on November 7, 2021, with a fair launch – no pre-mining, pre-sale, or token allocations for developers or early investors. The launch gave all participants equal opportunity to mint tokens from day one.

This community-focused approach relied on organic growth through research and development rather than marketing campaigns, fostering genuine user engagement and shared ownership.

Smart Contracts Coming

Kaspa is developing smart contract capabilities, though no launch date has been announced. The team is researching how to integrate smart contracts with the GHOSTDAG protocol while maintaining security and performance.

When implemented, these contracts will enable automated transactions and agreements, supporting dApp development across DeFi and other sectors while leveraging Kaspa’s high throughput and low latency.

Read Also: This Analyst Predicts Major Breakout for Starknet (STRK) Price—Here’s Why!

Solves the Trilemma

Kaspa tackles the blockchain trilemma through its innovative GhostDAG protocol and blockDAG architecture. By processing multiple blocks in parallel, the network achieves 10-second confirmations and handles around 400 transactions per second.

The system incorporates orphan blocks into consensus rather than discarding them, enhancing efficiency. While maintaining proof-of-work security and decentralization, Kaspa’s design enables high throughput with low fees, addressing scalability without compromising other core blockchain principles.

Tier-1 Listing 

Kaspa is progressing toward listing on Tier-1 exchanges, with Kraken reportedly including KAS in its listing roadmap. A major exchange listing would increase Kaspa’s market visibility, potentially boosting trading volume and accessibility.

Such listings typically enhance market confidence and liquidity, though specific listing dates remain unannounced.

The crypto commentator with more than 12,000 followers on X thinks the price of Kaspa is going to $20. The spike is expected to be triggered by a combination of these factors. Only time will tell if the prediction will come true.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Visit eToro Now

Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post 7 Reasons Why Kaspa (KAS) Price is ‘Destined’ To Hit $20 appeared first on CaptainAltcoin.