Why Kaspa Remains a Unique Token, Preserving a Medium-to-Long-Term Buy Rating
June 12, 2024
KAS is currently trading with an increase of 2.12% over the past day, even though it posted a weekly loss of 9.06%. However, it has grown by 34.40% over the past month, and in just the last 12 months alone, KAS has skyrocketed by over 1,000%. Most crypto analysts agree, that Kaspa's long-term outlook remains more than optimistic, but why? What’s so special about Kaspa?
Scalability is another important parameter in the development of blockchain networks. Scalability refers to the blockchain's ability to handle an increasing number of transactions and users without compromising speed or transaction fees for everyone. In distributed systems, a large number of participants must validate data. This process can slow down transaction processing because users need time to exchange and process information. To solve this problem, blockchain must be able to scale, i.e., process more data and faster — this is exactly what Kaspa has succeeded the most against its competitors.
In 2024/5, Kaspa announced the first stable release of rust node (version 0.14.1). That was an important milestone in the blockchain migration process. The gradual introduction of the Rust version is aimed at increasing productivity and decentralizing the network.
This development is part of Kaspa's commitment to innovation and community engagement, as well as ongoing efforts to integrate with ecosystem developers through tools such as the KNG and WASM SDK.
Kaspa’s technical analysis shows a strong bullish trend across various time frames – short-term and long-term. Despite the current broad-market downtrend, KAS’s EMAs for different periods indicate a consistent buy signal for now.
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