Kaspa Price Prediction: Can KAS Coin Hit $10?

Kaspa Price Prediction
Kaspa Price Prediction

Kaspa (KAS), a key player in DeFi and blockchain, offers a unique combination of rapid confirmations, high block rates, and the security of the Proof-of-Work method. Its distinctive qualities and scalability focus position it as an emerging crypto powerhouse. Kaspa maintains classic decentralization, achieving high performance with basic tools and a refined Nakamoto consensus, distinguishing it from fast, centralized coins. Learn more about Kaspa price prediction in StealthEX’s latest article.

Kaspa Overview: Revolutionizing Blockchain with GHOSTDAG Technology

DAGLabs, a research and development business, first created Kaspa with funding assistance from PolyChain. Kaspa was founded by Yonatan Sompolinsky, a member of the MEV Research Team and a postdoc in computer science at Harvard University.

In contrast to traditional blockchains, Kaspa employs the GHOSTDAG protocol, which allows blocks created in parallel to coexist and be ordered in consensus. This approach, known as a blockDAG, ensures secure operation while maintaining high block rates. 

Current Price$0.1272
Market Cap$2,739,088,894
Volume (24h)$115,031,380
Market Rank#28
Circulating Supply21,629,575,889 KAS
Total Supply21,629,575,889 KAS
1 Month High / Low$0.154 / $0.04876
All-Time High$0.154 Nov 20, 2023

The Proof-of-Work (PoW) consensus mechanism of the Kaspa blockchain network is combined with a blockDAG (Block Directed Acyclic Graph) structure to enable the coexistence of multiple blocks in parallel, thereby mitigating the problem of the high orphan rate of blockchains (i.e., the situation where two blocks are mined simultaneously but the network only accepts one of them).

Additionally, the project has subnetwork support, which opens the door for improved functionality and scalability by facilitating the deployment of Layer-2 solutions. Kaspa’s distinctive monetary policy is another noteworthy feature. The proposal uses a geometric emission reduction that is implemented gradually and is modeled after the 12-note musical scale. 

This policy, called the chromatic phase, reduces block rewards in a way that corresponds to the frequency of succeeding semitones on a chromatic scale with temper. The block reward is halved annually, with the first block reward determined by the frequency of the note A4. 

Kaspa Tokenomics

With its fast block rates and blockDAG architecture, Kaspa aims to decentralize KAS mining and enable efficient solo mining even at lower hash rates. November 2021 saw the fair launch of Kaspa, which did not have any pre-mine, pre-sale, or coin allocations. There is a 28.7 billion coin maximum supply for Kaspa tokens. The tokens are emitted on a monthly basis with a halving pattern that occurs once a year.

Kaspa (KAS) Coin Price History

The price history of Kaspa (KAS) offers insights into its potential and future trends. Initially, KAS was trading in a narrow range between $0.04559 and $0.05325. Despite the broader market’s price pump in October, Kaspa showed weak price action. However, November marked a positive shift as KAS broke out of its upper range, leading to a significant increase in price and setting a new yearly high. This rally was short-lived, though, as Kaspa faced a rejection at $0.09732 and underwent a correction, dropping over 10% in value.

In terms of longer-term trends, comparing the high prices from October 20 to November 19, 2023, shows a remarkable increase of 212.28% for KAS. The highest price on October 20 was $0.0493, which soared to $0.1540 by November 19. Additionally, the lowest price points also saw a substantial rise; the price on October 20 was $0.0459, which climbed to $0.1344, marking an increase of 192.92%. This significant growth in both the high and low price points indicates a strong bullish trend for Kaspa.

Analyzing the closing prices further underlines this upward trajectory. The closing price of KAS on October 20, 2023, was $0.0488, which grew to $0.1448 by November 19, 2023 – a growth of 196.74%. The trading volume on the first day of this one-month period was noteworthy, with $17,636,296 worth of KAS traded. Despite a recent dip to $0.1272, the ongoing interest and discussion around Kaspa suggest that it remains a focal point in the cryptocurrency market.

Kaspa (KAS) Price Chart 

Kaspa (KAS) Price Chart

Source: CoinMarketCap, 22 November 2023

Kaspa Price Prediction

Kaspa (KAS) Price Prediction 2023

DigitalCoinPrice experts believe that by the very end of 2023 KAS’s price might go as low as $0.12 (-12%), while its maximum price may go up to $0.31 (+126%).

PricePrediction crypto analysts think that at the end of 2023 KAS’s price will fluctuate between a certain range. Its minimum low might reach $0.1395 (+1.7%), while at its maximum Kaspa coin will rise to $0.1532 (+11%).

WalletInvestor crypto experts believe that the price of KAS will remain within the same price range: it can go a bit higher and reach $0.141 (+2%) at its lowest point, while its maximum price can go as high as $0.164 (+19%).

Kaspa Coin Price Prediction 2024

According to DigitalCoinPrice, Kaspa’s crypto price won’t change as drastically. Based on the experts’ forecasts, in 2024, KAS might go as high as $0.35 (+155%) per coin at its highest point. Its minimum price might go as low as $0.3 (+118%).

WalletInvestor believes that in 2024 KAS’s price will rise: their analysts predict that the coin’s minimum price will hover around $0.229 (+67%), while at its peak it might reach $0.265 (+93%).

Based on the experts’ forecasts at PricePrediction, in 2024, Kaspa coin might drop to $0.2033 (+48%) as its lowest price and rise to $0.2441 (+78%).

Kaspa Price Prediction 2025

DigitalCoinPrice experts believe that in 2025, Kaspa crypto will continue slowly, but surely rising in price. Based on their predictions, KAS might go as high as $0.51 (+271%) per coin at its highest point. Its minimum price might go as low as $0.41 (+199%).

WalletInvestor believes that by 2025 KAS coin won’t recover: it promises that the cryptocurrency’s minimum price will hover around $0.3035 (+121%), while at its peak it might reach $0.38 (+177%).

According to PricePrediction, at its peak at the end of 2025 Kaspa crypto will rise to $0.3552 (+159%), and it may also drop to a minimum of $0.2886 (+110%). 

Kaspa Price Prediction 2030

DigitalCoinPrice crypto analysts think that by 2030, Kaspa coin will hit $1 and go over it: its lowest price will be around $1.37 (+899%), while its maximum price will go as high as $1.47 (+972%).

PricePrediction experts expect the coin to go even higher: according to them, the coin’s lowest price will hit $2.11 (+1,439%), while at its peak it might reach $2.56 (+1,767%).

According to Telegaon forecasts, by the year 2030 KAS coin will cost at least twice as much: it can go as high as $2.84 (+2,971%) per coin. It can also drop in price to a minimum of $1.79 (+1,205%) per coin.

Kaspa Price Prediction: Experts’ Opinions

Although previous performance does not guarantee future outcomes, Kaspa has demonstrated encouraging advancements in technology adoption, development, and innovation. KAS has a strong team history and a well-defined plan, which puts it in a good position to take advantage of market opportunities. Just recently, Binance announced that Binance Futures would launch the USDⓈ-M KAS perpetual contract

News of its inclusion on Binance coincided with the altcoin’s noteworthy price hike last week, where it grew by more than 51%. According to it, over a fortnight, the price of KAS shot up by at least 148%, while its 30-day performance improved by nearly 192%. The Binance listing also led to a surge in trading volume, translating to greater liquidity and creating a more dynamic market for KAS. 

All of this made experts raise their expectations of Kaspa, with many predicting that by 2030, this crypto asset will reach $1. Some, like CoinEdition, believe that by 2030, the coin will be trading at $3.53.

KAS USDT Price Technical Analysis   

KAS USDT Price Technical Analysis

Source: Tradingview, Data was taken on November 22

Factors Affecting Kaspa Coin Price

Kaspa has just seen its all-time high, even though the crypto market hasn’t yet come out of the long recession. However, as the market is volatile at the moment, it’s still showing a positive trajectory as a number of major altcoins are trading in green and some have even hit new price ranges, like Kaspa. The price can go in either direction, depending on market sentiment and other factors. The Kaspa team is actively seeking partnerships with businesses and other organizations to help promote the use of KAS and the Kaspa network. These partnerships will help to expand the use cases for KAS and promote its adoption, along with the help of the vast Kaspa community. The Kaspa team is actively building a community of users and developers around the Kaspa ecosystem.

Here are some of the factors that could impact KAS’s price in the future:

  • Purpose and technology.
  • Adoption rates.
  • New partnerships.
  • Use cases.
  • Competition.
  • Development and roadmap.
  • Market dynamics.

Risks and Opportunities

Kaspa’s innovative approach to security and scalability positions it as a game-changer in the crypto world. One of the key features of the Kaspa ecosystem is its use of the GHOSTDAG protocol. Unlike traditional blockchains that discard blocks created in parallel, GhostDAG allows these blocks to coexist and be ordered through consensus. This unique approach not only enhances scalability but also ensures the security of the network. Further improvements to the protocol and the development of the Kasha’s ecosystem may lead to the coin’s growth. On the other hand, as any cryptocurrency, Kaspa remains a highly volatile digital asset, which gives no guarantees even to early investors.

Does Kaspa Crypto Have Potential?

Determining Kaspa’s investment potential is not easy. KAS has enjoyed a bit of a breakthrough in recent months, hitting faster-than-ever speeds and reaching new customers. The combination of increased speed and strong security on the platform is definitely a favorable aspect. 

Can Kaspa Reach $1?

Based on the DigitalCoinPrice forecast, $KAS can reach $1.03 by 2029.

Will Kaspa Coin Reach $10?

To hit $10, Kaspa would require an increase of more than 7000%. Such a significant surge appears quite improbable, suggesting that KAS coin’s price may never realistically achieve the $10 mark.

Why Kaspa Crypto Is Good?

Kaspa is unique in that it maintains the level of security offered by proof-of-work environments while supporting high block rates. Currently, Kaspa’s mainnet operates at a block rate of one block per second. The core team’s future research and development efforts will be concentrated on increasing the system’s pace to its maximum; imagine 10 or even 100 blocks per second.

Is Kaspa Mining Profitable?

Kaspa has the potential to be a profitable coin to mine if you’re prepared to hold onto it for several years. In order to mine Kaspa effectively, a computer with a strong CPU or GPU must be used. Before you begin, download mining software that is compatible with Kaspa’s algorithm, such as Kaspaminer, and create a Kaspa wallet to safely store your mined KAS coins. To pool your mining resources with those of others and improve your chances of mining a block, you can join a mining pool. Members of the pool split the rewards. Enter the pool details and your Kaspa wallet address when configuring the mining software. Energy is used in Kaspa mining, therefore account for this and modify your plan to maintain profitability.

Conclusion

In conclusion, it’s evident that Kaspa has a promising future, but a number of variables might potentially affect the currency’s value in the years to come. Any long-term predictions should be taken with a grain of salt and should not be used as investment advice. Nonetheless, we should anticipate seeing ever more precise and trustworthy forecasts for the price of Kaspa in the future as the market develops and grows. It is true, however, that the industry is highly volatile, so crypto enthusiasts should always measure their level of risk when picking a particular crypto asset. Whether you are a trader, a seasoned investor, or simply curious about cryptocurrencies, this may be a good opportunity to take an interest in this digital asset.

Where and How to Buy Kaspa (KAS) Crypto?

StealthEX is here to help you buy KAS crypto if you’re looking for a way to invest in this cryptocurrency. You can buy Kaspa (KAS) privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Kaspa Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

  • Choose the pair and the amount you want to exchange — for instance, ETH to KAS
  • Press the “Start exchange” button.
  • Provide the recipient address to transfer your crypto to.
  • Process the transaction.
  • Receive your crypto coins.
buy Kaspa coin

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

Tags: crypto price prediction KAS Kaspa price analysis price prediction
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