There have been speculations about Kaspa (KAS), an innovative proof-of-work blockchain project, and its potential to outshine the industry giant Bitcoin (BTC) in the long run. As the debate rages on, a pressing question arises: Is setting a target price of $1 for KAS a reasonable goal, or is the project’s true potential being underestimated?
Leading the charge against the $1 target is analyst HsyN (@HuseyinSivridag), who argues that those advocating for such a low valuation are not acting in the best interests of KAS holders. “Those who give you a target of $KAS 1$ are not your friends. They will try to trick you and buy what you have cheaply,” HsyN warned, emphasizing that Kaspa’s true potential lies in becoming a top 3 cryptocurrency eventually.
The analyst further contrasted Kaspa’s “flawless technology” with Shiba Inu (SHIB), dismissing the latter as a mere “meme coin” while highlighting Kaspa’s robust and innovative features. This sentiment echoes the growing belief that Kaspa’s solid technical foundations and forward-thinking vision could propel it to new heights, potentially surpassing even Bitcoin’s dominance in the long run.
Fueling the optimism surrounding Kaspa’s ascent is its upcoming scalability enhancements. As highlighted by another voice in the Kaspa community, Usdorex (@Usdorex), the project’s Rust nodes upgrade will enable it to process transactions at a rate of 10 blocks per second, a significant improvement over Bitcoin’s average of one block every 10 minutes.
“Once the $KAS rust nodes upgrade is complete, why would anyone opt for $BTC when they could utilize a #POW protocol offering equivalent security and decentralization, but processing transactions at 10 blocks per sec..instead of waiting 10 mins?” Usdorex questioned.
But Kaspa’s scalability ambitions don’t stop there. Usdorex revealed that the project’s long-term vision includes an audacious target of achieving 100 blocks per second, a feat that could catapult Kaspa to “a non-comparable level” in terms of scalability while maintaining robust security measures on par with or even surpassing Bitcoin’s, and a decentralized network comparable to the world’s largest cryptocurrency.
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With developers working tirelessly on implementing cutting-edge technologies and scaling solutions, the project’s potential for significant growth and adoption seems to be gaining credence among industry experts.
While a $1 target may satisfy short-term expectations, the bullish sentiment surrounding Kaspa’s technological advancements and long-term roadmap suggests that the asset could have substantial room for growth beyond this widely discussed valuation, potentially outperforming even Bitcoin in the process.
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The post Why Kaspa Is Deemed to Outperform Bitcoin (BTC): Is $1 a Good Target for KAS? appeared first on CaptainAltcoin.