the recent charts of Kaspa (KAS) and Rollblock (RBLK) are no exception. Both tokens have made impressive strides, reaching new all-time highs, and analysts are optimistic about their future trajectories. Here’s why some analysts are picking Rollblock to potentially see 100x gains and outpace Kaspa in 2024 after raising just shy of $1 million in just a few weeks.

Kaspa (KAS) Surges Amid Market Volatility

Kaspa (KAS), a proof-of-work cryptocurrency using the innovative GHOSTDAG protocol, has shown great resilience for an altcoin. Unlike traditional blockchains, the GHOSTDAG protocol allows parallel blocks to coexist and orders them in consensus, creating a blockDAG. This structure supports very high block rates and fast confirmation times, allowing the network to process one block per second. This unique approach has turned Kaspa into a strong contender in the altcoin landscape, as it aims to achieve even higher rates of ten or even one hundred blocks per second.

Recently, Kaspa’s price surged by over 20% in just seven days, achieving a new all-time high of $0.22. This rise is attributed to several factors, including positive overall market sentiments and more involvement from cryptocurrency institutions. For example—Marathon, the largest crypto-mining company—has started mining Kaspa, accumulating 93 million Kaspa tokens valued at $16 million. Increased institutional interest like this has added significant credibility to Kaspa, driving further investments from casual investors.

Market indicators support this bullish momentum. The Directional Movement Index shows a strong buying pressure with the positive index at 31, significantly higher than the negative index at 24. Additionally, the Awesome Oscillator indicates strong short-term momentum, supporting the positive market sentiments.

Kaspa’s monetary policy also contributes to its appeal. The network reduces emissions geometrically, with block rewards halving smoothly each month, creating a deflationary effect on the token.