A video from Crypto Galaxy tagged “The Case for a Kaspa ETF” discusses why a Kaspa (KAS) ETF might get approved and its potential impact on the market.
Kaspa is currently ranked in the 20s as per market cap, and it is growing strong. It is also one of the best-performing cryptos. The speaker provides a bullish outlook on Kaspa, projecting significant growth if an ETF is approved.
The crypto has a unique selling point as a commodity proof-of-work coin with no pre-allocations to insiders. It is secure and boasts high transaction speeds and scalability.
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Kaspa’s Strengths Over Other Major Cryptocurrencies
Bitcoin is currently the ninth largest asset with a market cap of $1.3 trillion, expected to grow to $3–5 trillion by 2025.
Other top cryptos, like Ethereum, are criticized for slow transaction speeds and high gas fees. Solana, XRP, and Dogecoin for various issues such as network reliability and pre-allocations to insiders.
Kaspa (KAS) aims to have smart contracts like Ethereum but with better performance. It is also fairly launched with no insider pre-allocations or VCs, making it a more decentralized and fair asset. This could also make it outperform ETH.
Kaspa Price Predictions
The analyst predicts that Kaspa price could become the world’s second-largest cryptocurrency, akin to silver’s position relative to gold.
The speaker predicts a $790 billion market cap for Kaspa by 2027-2029, translating to a significant return on investment.
At the point Kaspa gets this big, it would have gotten listed on every major exchange. This would make getting an ETF approval more straightforward. It would also be easy for the SEC to approve it.
Its unique qualities over other cryptos—being the fastest proof of work currency and also solving the crypto trilemma issues—make it stand out.
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The post Expert Discusses the Possibilities of Kaspa (KAS) ETF and Expected Approval Timeline appeared first on CaptainAltcoin.
