Ethereum

Kaspa

Hybrid

Change

Rekt

<p>The crypto markets have seen their fair share of ups and downs in 2023. Following a cooling off period after last year’s bear market, prices across top coins have increased in recent months.&nbsp;</p>
<p>However, some standout gainers like Kaspa (KAS) – a revolutionary cryptocurrency built on the Bitcoin code that claims to be the future of decentralized proof-of-work blockchain technology – have sparked new optimism for the next cycle. Alongside Bitcoin stabilizing over $40k and renewed macroeconomic hopes, the stage is set for emerging projects to fuel the next crypto boom.</p>
<h2 class="wp-block-heading" id="kaspa-s-meteoric-2023-run">Kaspa’s Meteoric 2023 Run</h2>
<p>Kaspa has cemented itself as one of the fastest-rising crypto assets this year, with KAS gaining over 2000% to trade around $0.11. The smart contract platform focuses on scalability, security, and ease of use as its value propositions.</p>
<p>Popular Kaspa analyst S𐤊i ₿um <strong><a href="https://x.com/Cryptographur/status/1736015136689700908?s=20" target="_blank" rel="noopener noreferrer nofollow">summarized</a> </strong>why holding KAS echoes the early days of Ethereum in 2017: <em>“I was holding ETH from under $200 a coin in the 2017 bull market…and I can say from experience, holding KAS feels the same.”</em> He believes KAS still has ample upside despite no longer being a microcap, as “real value has no limit.”</p>
<p>The analogy lies in both networks’ ability to demonstrate real-world use cases and develop lasting developer ecosystems, key indicators of capturing long-term value. While rewarding early backers, Kaspa exhibits the tangible technology and community to transition from speculative asset to blockchain backbone.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">I was holding <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> from under $200 a coin in the 2017 bull market, and I can say from experience, holding <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a> feels the same. <br><br>I can remember looking at the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> chart on all time frames during that time as it was playing out, and it was just <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">. The bid never stopped until the… <a href="https://t.co/QWbMo42bdr" target="_blank" rel="noopener noreferrer nofollow">https://t.co/QWbMo42bdr</a></p>— Jim, S𐤊i ₿um <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26f7.png" alt="⛷" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Cryptographur) <a href="https://twitter.com/Cryptographur/status/1736015136689700908?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 16, 2023</a>
</blockquote>
<p>The question arises – have investors already missed the boat on 1000x gains seen in nascent DeFi platforms? <a href="https://x.com/rektcapital/status/1736082259869131168?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to elite crypto analyst Rekt Capital, altcoins still have room to run. Through analysis of previous bull cycle price action, he notes: <em>“Both of these retests preceded fantastic growth in the Altcoin Market.”</em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-1024x726.png" alt="" class="wp-image-400946" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-768x544.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-483.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>In other words, market cycles support altcoins tending to lag Bitcoin but subsequently outpacing it dramatically. So those considering the “smart money” has already bought KAS and other alts may be counting their chickens too soon this cycle. The macro landscape hints this alt run has just begun.</p>
<h2 class="wp-block-heading" id="emerging-projects-poised-to-capitalize">Emerging Projects Poised to Capitalize</h2>
<p>Beyond current high-caps, under-the-radar projects boast upside as cycles accelerate and profits shift down the market cap spectrum. One flying under most radars is <strong><a href="https://altcoin.care/box_bf2803898415fdf63ef847c821b6b926" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix (BTCMTX)</a></strong>, which recently passed $5.4M raised in its ongoing presale.</p>
<p>The platform introduces a new paradigm in Bitcoin mining, enabling anyone to passively earn BTC without expensive specialized hardware or technical knowledge. By staking the <strong><a href="https://altcoin.care/box_bf2803898415fdf63ef847c821b6b926" target="_blank" rel="noopener noreferrer nofollow">BTCMTX</a></strong> token, users gain mining power to generate bitcoin sent directly to their wallets.</p>
<p>This opens profitable crypto mining to global retail participants previously restricted by barriers like upfront costs, energy demands, and complexity of operations. It also unlocks mining rewards through a simplified staking system with accountability at the core.</p>
<p>As both bitcoin price and mining gain mainstream traction in 2023, projects lowering the barrier to entry will disproportionately benefit. With sound tokenomics rewarding stakers, Bitcoin Minetrix sits at this intersection of market trends.</p>
<h3 class="wp-block-heading" id="the-potential-of-hybrid-tokens">The Potential of Hybrid Tokens</h3>
<p>Bitcoin Minetrix further capitalizes on investor demand for hybrid functionality tying value to both speculation and real utility. As seen with Ethereum promoting both network activity and speculative interest, BTCMTX captures two primary token use cases:</p>
<ul>
 <li><strong>Speculation </strong>– Speculators bet on increasing prices based on growth potential and community excitement</li>
 <li><strong>Utility </strong>– Users stake BTCMTX for tokenized mining power and earn BTC rewards</li>
</ul>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> seeks to revolutionize <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Cloud Mining by deploying a Stake-to-Mine system driven by smart contracts. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Envisioning a secure, effective ecosystem across <a href="https://twitter.com/hashtag/Blockchains?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Blockchains</a>, overcoming the limitations of typical cloud mining. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/9bC9yL9QUE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9bC9yL9QUE</a></p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1736310309248176589?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 17, 2023</a>
</blockquote>
<p>This dual-application contrasts with many crypto projects deriving value solely from speculation. It enhances practical use and incentives for long-term holding.</p>
<p>For traders, major price appreciation is expected in 2023 leading up to launch and beyond. With futures exchanges like Coinsbit announcing intent to list BTCMTX soon after launch, ample liquidity exists to sell tokens.</p>
<p>For crypto miners and passive income seekers, the network provides steady mining rewards from staking without direct BTC price exposure. These dual applications access a wider audience of both speculators and utility users.</p>
<div class="wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex">
 <div class="wp-block-button has-custom-font-size aligncenter is-style-fill" style="font-size:25px"><a class="wp-block-button__link has-vivid-purple-background-color has-background wp-element-button" href="https://altcoin.care/box_bf2803898415fdf63ef847c821b6b926" style="border-radius:15px;padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)" target="_blank" rel="noopener noreferrer nofollow"><strong>Check BTCMTX Presale Today</strong></a>
 </div>
</div>
<h2 class="wp-block-heading" id="conclusion-winds-of-change-for-altcoins">Conclusion: Winds of Change for Altcoins</h2>
<p>After Bitcoin’s resurgence over $40k and resilience through recent economic instability, the stage is set for renewed interest in high-risk, high-reward assets. Kaspa represented the first wave of alt breakouts while lesser-known innovators like Bitcoin Minetrix waited in the wings for their own parabolic moves.</p>
<p>With the crypto community turning bullish on PoW mining profits but barriers persisting for newcomers, BTCMTX introduces a next-generation solution at an opportune time. Hybrid tokens also present an intriguing investment vehicle as they court speculators and utility users alike.</p>
<p>As this latest cycle unfurls over 2024/2025, early identification of emerging tech bringing novel value to maturing blockchain sectors separates winners from losers. By lowering mining barriers to entry and tokenized power forward, Bitcoin Minetrix exemplifies this breed of crypto disruptor.</p>
<p>The winds of change blow, and altseason beckons – keep an eye trained on ascending innovators promising outsized growth in Web3’s next era.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/solana-on-chain-metrics-flash-bullish-signals-as-sol-network-outpaces-rivals-ethereum-and-arbitrum/" target="_blank" rel="noopener noreferrer nofollow">Solana On-Chain Metrics Flash Bullish Signals as SOL Network Outpaces Rivals Ethereum and Arbitrum</a></li>
 <li><a href="https://captainaltcoin.com/largest-ethereum-whales-go-on-buying-spree-heres-how-much-eth-they-bought/" target="_blank" rel="noopener noreferrer nofollow">Largest Ethereum Whales Go on ‘Buying Spree’ – Here’s How Much ETH They Bought</a></li>
 <li><a href="https://captainaltcoin.com/the-buzzworthy-presale-could-this-new-cryptocurrency-rival-shiba-inus-success/" target="_blank" rel="noopener noreferrer nofollow">The Buzzworthy Presale: Could This New Cryptocurrency Rival Shiba Inu’s Success?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/kaspa-analyst-says-holding-kas-gives-him-the-same-2017-ethereum-vibes/" rel="noopener noreferrer nofollow">Kaspa Analyst Says Holding KAS Gives Him the Same 2017 Ethereum Vibes</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Analyst Says Holding KAS Gives Him the Same 2017 Ethereum Vibes

Table of Contents

CaptainAltcoin

Other articles published on Dec 17, 2023

Ex SEC Veteran Labels Latest BAYC Theft a “Tragedy of Epic Proportions”

LNDX Token's Spectacular 190% Surge on Weekend Trade (17 Dec)

Are Dogecoin (DOGE), Shiba Inu (SHIB), And Floki Inu (FLOKI) Poised For A Surprise Bull Run?

Bitcoin Average Transaction Fees Nears $40, Highest Since April 2021

Crypto in 2024: Bitcoin to hit record highs as NFTs and fan tokens exit | Opinion

Veteran Analyst Reveals the Levels He Expects for Ripple (XRP) and Shiba Inu (SHIB) Price

Join our free newsletter for daily crypto updates!