Kaspa Price Prediction, will KAS’s price hit $0.063?
Kaspa’s price at the same time last week was $0.11. It has moved by 2.73 % in the past week and is currently at $0.12. Infact, in the past 24 hours, KAS has dumped by -3.70 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and KAS could hit $0.034 in 2024.
The total circulating supply of Kaspa as of writing this article was $21724245296.79 and the marketcap of KAS remains at $2,806,384,643
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
Kaspa (KAS): An overview
Kaspa (KAS) is an innovative digital ledger that distinguishes itself from other blockchain solutions. Claimed as the world's fastest open-source, decentralized Layer 1 system, Kaspa is characterized by its speed, security, and scalability.
The platform has been sculpted as a community-driven initiative. It is entirely open-source, with governance mechanisms that are decentralized. This ethos mirrors that of iconic cryptocurrencies like Bitcoin (BTC).
BlockDAG: Kaspa utilizes BlockDAG technology, allowing for the parallel generation of blocks. It connects all side chains to form a faster BlockDAG structure, outpacing even titans like Bitcoin.
Speed and scalability: Each transaction is published on the BlockDAG within a span of one second and typically receives complete validator confirmation in an average of 10 seconds. This renders Kaspa ideal for daily transactions, making them swift and efficient.
Sustainability: Coupled with a high-throughput Directed Acyclic Graph (DAG) and a no-wasted-blocks approach, Kaspa's Proof-of-Work (PoW) is designed to be less energy-demanding compared to other PoW networks.
Security: Security remains paramount in the world of Kaspa. Employing the kHeavyHash algorithm and the innovative GhostDAG consensus mechanism, Kaspa ensures top-tier security without sidelining decentralization.
KAS is the native currency of the Kaspa protocol. It plays a pivotal role within its ecosystem. The inception of this currency was executed with fairness and transparency at its core. Unlike some cryptocurrencies, KAS was launched without indulging in pre-mining or any pre-allocation of coins, ensuring a fair launch.
The total supply of KAS is capped at a substantial 28.7 billion. In a bid to regulate the supply, the emission of KAS is halved annually. This is accomplished through a systematic and smooth monthly reduction, following a factor of (1/2)^(1/12). As of October 2023, the circulating supply stands at an impressive 21.17 billion KAS.
How does Kaspa work?
Kaspa is a transformative advancement in the blockchain domain. Born from years of academic and theoretical exploration, it amalgamates some of the most promising ideas in the sector to provide an effective and trustworthy system. Here's a comprehensive breakdown:
Nakamoto consensus engine
Named after Satoshi Nakamoto, this consensus engine is based on a PoW mechanism. It is the backbone of the Bitcoin network and other notable cryptocurrencies, such as Litecoin (LTC), Bitcoin Cash (BCH), and ZCash (ZEC).
The Nakamoto consensus is respected for its proven security attributes. The consensus requires an entity to control over 50% of the network's hash rate to manipulate the blockchain, which becomes progressively difficult as the network expands.
Unlike linear blockchains, a BlockDAG utilizes vertices (blocks) and edges (references from blocks to their predecessors) to represent data. Importantly, a BlockDAG can reference multiple predecessors, not just one.
BlockDAGs tackle key challenges associated with conventional blockchains and eliminate the generation of orphan blocks, ensuring all mining power is harnessed.
Leveraging Kaspa’s GhostDAG (Phantom 2.0) consensus mechanism, BlockDAGs maximize data revelation. By sharing all the tips of the blocks, it ensures a more thorough information relay.
GhostDAG builds upon the Phantom consensus, introducing a more efficient greedy algorithm to address the NP-hard challenge faced by Phantom. The core idea is to ensure transactions embedded in the BlockDAG have a sequence that becomes practically irreversible over time.
The protocol cleverly uses a k-cluster to categorize blocks as Blues (within the cluster) or Reds (outside the cluster). GhostDAG maintains this k-cluster property while constructing a strong, chained structure from the genesis to the selected tip, resulting in a resilient block order.
Pruning is about optimizing space. In the context of Kaspa, it trims the BlockDAG size. This is crucial as it allows Kaspa nodes to store just three days of history, facilitating the creation of more nodes without massive storage needs. Moreover, the mechanism aims to be resistant to 49% attacker-driven pruning attacks.
Kaspa's unique approach to pruning relies on two main elements:
- Finality: Blocks aren't allowed to reorganize below a certain depth. Not all finalized blocks can be pruned because their data might determine the UTXO set of upcoming blocks.
- Invalidation rules: Blocks pointing to an invalid block are also deemed invalid. A block is considered invalid if it contradicts another in its past or lacks a kosherizing block. Additionally, there's a rule bounding the merge size of block sets to maintain consistency and security.
The origin of Kaspa
Source: Kaspa Currency/Facebook
The evolution of Kaspa starts with Yonatan Sompolinsky, who emerged as a notable figure in the cryptocurrency academic circle as early as 2013. During this period, Sompolinsky and Professor Aviv Zohar conceived the GHOST protocol.
This protocol wasn't just any invention—it gained significant recognition and was even cited in the Ethereum whitepaper as a design aspiration. The two didn't stop at GHOST. Their collaborative efforts led to the invention of the GhostDAG protocol, further underscoring their commitment to advancing the realm of cryptocurrencies.
To take their vision a step further, Sompolinsky co-founded DAGLabs, a research and development company. The mission of DAGLabs was clear: to implement the GhostDAG protocol. Through its dedication and work, DAGLabs set the stage for Kaspa's rise as a decentralized and open initiative.
Kaspa's establishment wasn't the achievement of a single individual. A dedicated group of professionals stood by Sompolinsky's side, contributing to its creation and subsequent success:
- Michael Sutton
- Shai Wyborski
- Elichai Turkel
- Ori Newman
- Mike Zak
A significant day in the annals of Kaspa's history is November 7, 2021. On this day, Kaspa marked its Fair Launch, ushering in a new era of decentralized technology.
KAS Price Analysis
The daily chart of KAS from September to October 2023 showcased an upbeat sentiment for the cryptocurrency. Within this period, bullish traders seemed to have the upper hand in influencing price movement, though it's essential to note that bearish activity was not entirely absent. At the time of writing, KAS was trading at $0.04744.
KAS weekly chart
KAS commenced its journey in September from the lowly support at $0.033. This was the starting point of a noteworthy bullish drive, which saw the asset reach a peak resistance level at $0.051. However, upon arriving at this threshold, a distinct rejection took place, causing the price to retrace and settle just below the $0.047 resistance.
By the month's conclusion, the bulls had mustered enough strength to push through this resistance. Yet, in October, history seemed to repeat itself. The $0.051 resistance was challenged once more, but a similar rejection occurred.
This resulted in further price reductions, with KAS finding its floor at a support level of $0.041. Despite these setbacks, bullish tenacity remained evident. There was another resurgence in price from mid-October, with KAS making an attempt to challenge the $0.047 resistance once more.
Examining the volume, it appeared to move in harmony with the price action. High levels of trading activity persisted throughout the period under review. This robust volume suggested a heightened interest and trading involvement in KAS by market participants.
The Relative Strength Index (RSI) surpassed the 50 mark in September, indicating a shift towards a bullish momentum. Remarkably, the RSI reached a value of 72.96 around mid-September. Despite this significant bullish momentum, a deceleration was noticed subsequently.
It wasn't until October, in sync with the price decline to its $0.041 support level, that the RSI retraced below 50. Nevertheless, the RSI showed resilience, and by mid-October, it was back above the 50 line, with a current reading of 54.25.
Lastly, turning to the Bollinger Bands, their expansion was evident for the majority of September, suggesting periods of high volatility. This expansion was noticeable again when the price retraced to its recent support level.
While the price primarily remained above the 20-day moving average (MA) for much of this duration, there was a brief phase in October where it fell beneath. Presently, the price candles have been hovering around this average.
Should you consider buying KAS?
Based on the indicators and the price performance throughout September and October, KAS seems to be in a tug-of-war between bullish and bearish traders. However, the consistent resilience shown by the bulls, the strong volume, and the RSI's tendency to remain above 50 suggests a potential bullish bias.
For traders contemplating a position, a suitable buying range might fall between $0.042 and $0.044. This range is likely to offer a strategic position given the current technical landscape, allowing for potential upside while mitigating excessive risk.
Kaspa Price Prediction
Kaspa has had an eventful 2021. To simplify the latest KAS price prediction, we have divided up the prediction by short term Kaspa price prediction and long term Kaspa price prediction. As of writing this article, KAS had a trading volume of 35,862,298. Kaspa has gone up by 153.81% in the past 30 days.
According to our analysis in the short term, Kaspa price prediction for January 2024 shows the average price of KAS at 0.028 and the highest possible price for January 2024 would be $0.03.
Further, according to our analysis in the long term, Kaspa price prediction for May 2024 shows the average price of KAS at 0.032 and the highest possible price for May 2024 would be $0.034.
Kaspa's Short Term Price Prediction
|Date||Avg Price||Lowest Price||Highest Price|
|30 November 2023||$0.1||$0.1||$0.11|
|1 December 2023||$0.1||$0.094||$0.1|
|2 December 2023||$0.1||$0.094||$0.1|
|3 December 2023||$0.1||$0.093||$0.1|
|8 December 2023||$0.087||$0.081||$0.094|
|13 December 2023||$0.077||$0.072||$0.083|
|23 December 2023||$0.06||$0.056||$0.065|
Kaspa price prediction 30 November 2023: Kaspa's price for 30 November 2023 according to our analysis should range between $0.1 to $0.11 and the average price of KAS should be around $0.1.
Kaspa price prediction 1 December 2023: Kaspa's price for 1 December 2023 according to our analysis should range between $0.094 to $0.1 and the average price of KAS should be around $0.1.
Kaspa price prediction 2 December 2023: Kaspa's price for 2 December 2023 according to our analysis should range between $0.094 to $0.1 and the average price of KAS should be around $0.1.
Kaspa price prediction 3 December 2023: Kaspa's price for 3 December 2023 according to our analysis should range between $0.093 to $0.1 and the average price of KAS should be around $0.1.
Kaspa price prediction 8 December 2023: Kaspa's price for 8 December 2023 according to our analysis should range between $0.081 to $0.094 and the average price of KAS should be around $0.087.
Kaspa price prediction 13 December 2023: Kaspa's price for 13 December 2023 according to our analysis should range between $0.072 to $0.083 and the average price of KAS should be around $0.077.
Kaspa price prediction 23 December 2023: Kaspa's price for 23 December 2023 according to our analysis should range between $0.056 to $0.065 and the average price of KAS should be around $0.06.
Kaspa's Long Term Price Prediction
Kaspa’s long term Price Prediction below is a look at KAS’s future prospect with regards to price. Kaspa was last seen at $0.12, with a market cap of $2,806,384,643 and trading volumes of $35,862,298. KAS’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
|Years||Avg Price||Lowest Price||Highest Price|
Kaspa price prediction 2023: Kaspa's price for 2023 according to our analysis should range between $0.042 to $0.063 and the average price of KAS should be around $0.052.
Kaspa price prediction 2024: Kaspa's price for 2024 according to our analysis should range between $0.023 to $0.034 and the average price of KAS should be around $0.028.
Kaspa price prediction 2025: Kaspa's price for 2025 according to our analysis should range between $0.03 to $0.045 and the average price of KAS should be around $0.038.
Kaspa price prediction 2026: Kaspa's price for 2026 according to our analysis should range between $0.04 to $0.06 and the average price of KAS should be around $0.05.
Kaspa price prediction 2027: Kaspa's price for 2027 according to our analysis should range between $0.053 to $0.079 and the average price of KAS should be around $0.066.
Kaspa price prediction 2028: Kaspa's price for 2028 according to our analysis should range between $0.07 to $0.1 and the average price of KAS should be around $0.087.
Kaspa price prediction 2029: Kaspa's price for 2029 according to our analysis should range between $0.092 to $0.13 and the average price of KAS should be around $0.11.
Kaspa price prediction 2030: Kaspa's price for 2030 according to our analysis should range between $0.12 to $0.18 and the average price of KAS should be around $0.15.
Kaspa price prediction 2031: Kaspa's price for 2031 according to our analysis should range between $0.16 to $0.24 and the average price of KAS should be around $0.2.
Kaspa price prediction 2032: Kaspa's price for 2032 according to our analysis should range between $0.21 to $0.32 and the average price of KAS should be around $0.26.
Kaspa price prediction 2033: Kaspa's price for 2033 according to our analysis should range between $0.28 to $0.42 and the average price of KAS should be around $0.35.
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A Historical look at Kaspa, KAS’s price
FAQs about Kaspa
Kaspa’s current price is $0.12 and witnessed a -3.70% decrease in the past 24 hours. KAS/BTC pair saw a -2.68% decrease in the past 24 hours
Investing in Kaspa, KAS will purely depend on your personal risk appetite. As you can see over the past 24 hours Kaspa’s price has witnessed a -3.70% decrease and over the past 30 days Kaspa has increase by 153.81%. So it all depends on if this investment will hit your trading goals.
According to our latest Kaspa Price prediction for 2023, KAS should vary between $0.063 and $0.042. Please keep in mind that the crypto market is very volatile and this Kaspa price prediction does not account for extreme wild swings in price.
As per the Kaspa price prediction 2023 model above, KAS’s price for November 2023 should range between $0.042 to $0.063 with the average price for November being $0.052
According to the Kaspa Price Prediction model above, KAS’s price in 2024 would be $0.028. This price would however would range from $0.034 and $0.023.
According to the Kaspa Price Prediction model above, KAS’s price in 2025 would be $0.038. This price would however would range from $0.045 and $0.03.
According to the Kaspa Price Prediction model above, KAS’s price in 2026 would be $0.05. This price would however would range from $0.06 and $0.04.
According to the Kaspa Price Prediction model above, KAS’s price in 2027 would be $0.066. This price would however would range from $0.079 and $0.053.
According to the Kaspa Price Prediction model above, KAS’s price in 2028 would be $0.087. This price would however would range from $0.1 and $0.07.
According to the Kaspa Price Prediction model above, KAS’s price in 2029 would be $0.11. This price would however would range from $0.13 and $0.092.
According to the Kaspa Price Prediction model above, KAS’s price in 2030 would be $0.15. This price would however would range from $0.18 and $0.12.
According to the Kaspa Price Prediction model above, KAS’s price in 2031 would be $0.2. This price would however would range from $0.24 and $0.16.
According to the Kaspa Price Prediction model above, KAS’s price in 2032 would be $0.26. This price would however would range from $0.32 and $0.21.
According to the Kaspa Price Prediction model above, KAS’s price in 2033 would be $0.35. This price would however would range from $0.42 and $0.28.
The highest price for Kaspa was recorded in 19 November 2023 during which KAS hit an All Time High of $0.15
The price of 1 Kaspa according to current market rate is $0.12