Kaspa

Online

Show

Sleep

Onomy Protocol

<p>The cryptocurrency market has endured a volatile couple of weeks, with some coins seeing slight declines. Kaspa (KAS) is no exception, having fallen from its local highs after a period of sideways trading. However, as crypto YouTuber “2Bit Crypto” argues, being overly bearish on KAS at this moment fails to account for the project’s promising fundamentals.</p>
<p>Launched in 2021, Kaspa showed impressive growth throughout much of 2022 and most of 2023. However, sentiment has cooled recently, with KAS declining over the past two weeks. At the time of 2Bit Crypto’s video, it was trading around 11 cents – down 3.5% daily but with a trading volume of $37.2 million.</p>
<p>Despite this comedown from its meteoric rise, Kaspa retains key strengths that position it for future success.</p>
<p><strong>Growth Runway Remains</strong></p>
<p>2Bit Crypto notes that while Kaspa is already listed on several exchanges, major platforms like Binance and Coinbase have yet to adopt KAS. Such premier listings would expose Kaspa to a far wider crypto audience and likely catalyze immense retail interest.</p>
<p>Kaspa has also seen enthusiastic community engagement in a relatively short time, demonstrated by recent blockchain forks like Carlson and Pirin. Although diverging from the original KAS chain, these variants evidence surging developer involvement in the Kaspa ecosystem after just two years of existence.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>With major exchange listings and further technological improvements on the horizon, Kaspa retains substantial headroom to expand despite its recent price declines.</p>
<p>Long-Term Focus Necessary</p>
<p>Rather than a get-rich-quick scheme, 2Bit Crypto frames KAS as a long-term crypto investment that could cement itself as a top-10 project one day.</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="KASPA (KAS) WHY PEOPLE WILL MISS OUT 🔥 DO YOU SEE WHATS COMING 💥" width="840" height="473" src="https://www.youtube.com/embed/j51ffPEth3E?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </div>
</figure>
<p>By providing real-world utility like smart contracts and prioritizing decentralization, Kaspa sets itself apart from speculatory memecoins that have dominated the recent crypto bubble. While certainly more subdued presently, its strong foundations bode well for sustainable growth long after present market manias fade.</p>
<p>Considering these enduring strengths and future ambition, dismissing or betting against Kaspa at this still-early stage seems shortsighted amid temporary marketwide weakness. 2Bit Crypto suggests that while further volatility is expected, poised investors may come to view these periods as a gift in hindsight.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-has-centrifuges-cfg-been-pumping-in-the-last-two-days-this-strategic-partnership-plays-a-big-role/" target="_blank" rel="noopener noreferrer nofollow">Why Has Centrifuge’s CFG Been Pumping in the Last Two Days? This Strategic Partnership Plays a Big Role</a></li>
 <li><a href="https://captainaltcoin.com/onomy-protocol-nom-surges-over-30-as-community-anticipates-third-airdrop-heres-what-to-know-about-the-upcoming-launch/" target="_blank" rel="noopener noreferrer nofollow">Onomy Protocol (NOM) Surges Over 30% as Community Anticipates Third Airdrop: Here’s What to Know About the Upcoming Launch</a></li>
 <li><a href="https://captainaltcoin.com/retail-investors-break-into-the-booming-online-gambling-industry-with-scorp-100000-paid-out-already/" target="_blank" rel="noopener noreferrer nofollow">Retail Investors Break Into the Booming Online Gambling Industry with SCORP – $100,000 Paid Out Already</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/why-being-bearish-on-kaspa-kas-for-now-is-a-wrong-move/" rel="noopener noreferrer nofollow">Why Being Bearish on Kaspa (KAS) For Now Is a Wrong Move</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Being Bearish on Kaspa (KAS) For Now Is a Wrong Move

Table of Contents

CaptainAltcoin

Other articles published on Dec 23, 2023

Bitcoin ETFs Take Shape: SEC Signals a Date for Approval

Ethereum’s Supply Surge in Exchanges and Its Potential Impact on Price

Swych Finance Releases the Next Generation of Decentralized Perpetual Exchanges

BitMEX Founder Warns of Bitcoin’s Demise with TradFi TF Success!

XRP Price Prediction: Will $0.6 Hold Strong Amidst the Market Uncertainty?

Nigeria's Central Bank Lifts Ban, Embracing Cryptocurrency Transactions

Join our free newsletter for daily crypto updates!