After rising 600 times in 2 years, can Kaspa still make a breakthrough?
Kaspa was born at the end of the last bull market and has not experienced a complete bull-bear cycle. Its token KAS has a market value of 3.14 billion. The project is still in operation. KAS has a 24-hour trading volume of 100 million US dollars and has been listed on 26 exchanges including MEXC, GATE, KUCOIN, BYBIT, etc.
Kaspa's team are all technical people with geek spirit. Its founder Yonatan Sompolinsky is a well-known figure in the digital currency academic circle and is currently a postdoctoral fellow at Harvard University. The GHOST protocol paper he conceived with his mentor in 2013 was also cited in the Ethereum white paper. Its main research direction is transaction sorting and MEV. In addition to the founder, the team has 5 core developers, including Michael Sutton, a distributed system researcher and developer, Shai Wyborski, a Kaspa researcher and one of the authors of the GhostDAG paper, and Elichai Turkel, an applied cryptographer and high-performance developer. It's really not a grass-roots team.
According to the data of Mining Pool, Kaspa's computing power has experienced 4 relatively obvious computing power growths since October 2022. Despite the continuous growth in computing power, it is still leading in the ASIC mining machine mining income rankings. The current daily income can reach about US$80, and the electricity fee accounts for only about 4.25%. With the current shrinking of Bitcoin income and the shelving of Ethereum mining machines, Kaspa is undoubtedly the next gold mine for miners. Through the above analysis, let's look back at Kaspa. From the perspective of timing, he was born at the end of the bull market and took over a large amount of computing power transferred from Ethereum in the early days; from the perspective of project fundamentals, the team has strong technical strength, a good development foundation, and a strong community consensus. It is currently favored by miners and miners, with a very high return on investment. Because of this, more and more people are joining, and the computing power is currently in a steady growth stage; from the perspective of subsequent prospects, the project has a broad vision, and in the process of gradual advancement, the potential for subsequent explosion is huge. The current market value of KAS is 3.14 billion US dollars, compared with DOGE's 11.47 billion, and conservatively estimated, there is still 3.65 times of room to grow. If the subsequent development and deployment of smart contracts go smoothly, it may become a strong competitor of Ethereum. According to Ethereum's market value of 304.7 billion US dollars, there is still 97 times of room to grow.
