Can Kaspa Price Hit $0.75? The Upgrade No One’s Talking About (Yet)

Kaspa (KAS) is experiencing significant growth, and for good reason. Cryptocurrency YouTuber Cryptochester (source) recently highlighted key factors driving this proof-of-work coin's surge and its potential for further gains.

Currently trading around $0.10, Kaspa has seen a 71% increase in the past month, outpacing many other altcoins. This rise is partly attributed to Bitcoin's recent surge above $100,000; however, Kaspa's success stems from more than just correlation. It aims to improve upon existing proof-of-work technology.

A major contributing factor, described by Cryptochester as a "massive update," is Kaspa's recent block speed upgrade. The network's processing speed increased tenfold, from one block per second to ten. This significantly enhances scalability, efficiency, and the network's capacity to handle more users and projects.

Speculation surrounding potential listings on major exchanges like Crypto.com, Binance, and Coinbase is also fueling excitement. While unconfirmed, this prospect alone has generated considerable market interest, as such listings typically attract new investors and boost momentum.

Technical analysis also points to a bullish outlook. Cryptochester noted a breakout from a falling wedge pattern on the daily chart, suggesting further upward price movement. This breakout could potentially drive the price to $0.14 in the short term. Furthermore, Kaspa's re-entry into a larger parallel channel suggests a potential path to $0.20, and possibly higher. A more ambitious price prediction suggests a potential range of $0.50 to $0.75 during this bull market, resulting in a market cap between $12 and $13 billion.

In essence, Kaspa's tenfold increase in block processing speed dramatically improves:

• Transaction throughput
• Scalability
• Efficiency

This upgrade positions Kaspa as one of the fastest proof-of-work blockchains, without compromising decentralization or resorting to proof-of-stake. This fundamental technological advancement, however, has largely been overlooked by many in the crypto community focused primarily on price and exchange listings.

Cryptochester explicitly stated this is not financial advice. However, the combination of strong fundamentals, positive technical analysis, and the possibility of major exchange listings makes Kaspa a cryptocurrency worthy of close observation. If the current momentum continues, the $0.75 price target may not be unrealistic.

Read also: Still Worth Buying Kaspa? KAS Price Outperformed by Meme Coins

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