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<p><a href="https://captainaltcoin.com/expert-predicts-kaspa-kas-price-could-hit-5-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Kaspa (KAS)</a> is being noted by analysts for its potential in the crypto market. A tweet by Crypt0Proselyte highlights the significance of Kaspa’s rapidly increasing hashrate and how it aligns with its potential price movement.&nbsp;</p>
<p>The hashrate’s correlation with Kaspa’s price has been cited as a critical metric for the coin’s performance, offering a glimpse into the asset’s future prospects.</p>
<p>In the tweet, Crypt0Proselyte notes that the hashrate is following a power law with an R^2 value of 0.9508, signaling a strong model fit.&nbsp;</p>
<p>The tweet further predicts that Kaspa could surpass 1 exahash per second (EH/s) soon, with long-term expectations to reach 100 EH/s in the coming years. The analysis points to Kaspa’s goal of breaking into the top 10 cryptos this cycle, with ambitions to climb even higher in the next few years.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Kaspa?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kaspa</a> 's Hashrate is clearly ans strongly following a power law among other aspects (price , price/hash , volume , etc)<br>In this image you can see the log-log graph of <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a> hashrate over time.<br>The R^2 is a whopping 0.9508 which means that how well (95%) the model fits the data (… <a href="https://t.co/bze1Db4Jxi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/bze1Db4Jxi</a></p>— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) <a href="https://twitter.com/Crypt0Proselyte/status/1831991789546250355?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 6, 2024</a>
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<h3 class="wp-block-heading" id="strong-kaspa-s-hashrate-and-power-law-correlation-strong"><strong>Kaspa’s Hashrate and Power Law Correlation</strong></h3>
<p>The power law relationship between<a href="https://2miners.com/kas-network-hashrate" target="_blank" rel="noopener noreferrer nofollow"> Kaspa’s hashrate</a> and time is a major talking point in the recent analysis. The formula in the tweet indicates that the hashrate will increase exponentially over time.&nbsp;</p>
<p>Kaspa has positioned itself as a major competitor in the market as it is already getting close to 1 EH/s. Moreover, it has potential and might reach 10 EH/s in around 500 days.&nbsp;</p>
<p>Kaspa’s exponential expansion, primarily because to its network’s expanding computational capacity, has spurred forecasts that it will secure a top 10 position in this bull cycle.</p>
<p>According to the algorithm, Kaspa’s hashrate should reach 100 EH/s in about a thousand days, which might strengthen its position in the market. These projections are fueling anticipation for KAS to challenge some of the largest cryptos soon.</p>
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<h3 class="wp-block-heading" id="strong-technical-analysis-on-kaspa-s-price-strong"><strong>Technical Analysis on Kaspa’s Price</strong></h3>
<p>Technically, Kaspa’s daily chart indicates a cautious view. At the moment, the price is trading close to the lower Bollinger Band, suggesting that an oversold situation may exist.</p>
<p>This usually means that if enough purchasing pressure materializes, a price reversal may be on the horizon. The resistance zones are located between $0.16 and $0.17, while the current support level is approximately $0.14.</p>
<p>Even if the selling pressure seems to be lessening, the MACD exhibits bearish momentum. The RSI is getting close to the oversold area, indicating that a price recovery may be imminent.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfmwZjYGn-6vfeQdKzTBDgauEgF9tMiu4mFSGI_cP8jMS9xye37Yqt7DBqDnXYyjKlsQWMJ4mzWrLDALSP-FBhYXJDNIHmz-xWWtM4kU4fMRDNXodJsit7YPCNkrh9mbIvp4ALYOS0oQ-dJ4fO7JyNqkwI?key=Z1sR_Sr-9TBVp7ppC-kdfg" alt="">
 <figcaption class="wp-element-caption"><strong><em>Source: </em></strong><a href="https://www.tradingview.com/x/2m9oKbrj" target="_blank" rel="noopener noreferrer nofollow"><strong><em>TradingView</em></strong></a>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/solanas-bearish-trends-persist-will-sol-price-dip-to-80/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Solana’s Bearish Trends Persist: Will SOL Price Dip To $80?</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-price-outlook-and-potential-growth-strong"><strong>Price Outlook and Potential Growth</strong></h3>
<p>The combination of Kaspa’s rising hashrate and the current technical indicators presents a mixed but potentially bullish outlook for the coin.&nbsp;</p>
<p>If KAS can hold above the $0.14 support level and break through key resistance points, it may see a short-term rally. Moreover, the approaching oversold levels in the RSI suggest that selling pressure may soon wane, allowing for a price recovery.</p>
<p>With Kaspa’s growing hashrate and its ambitions for further network expansion, the asset’s position in the market will likely continue to grow as it seeks to break into the top 10 cryptos soon.</p>
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<p>The post <a href="https://captainaltcoin.com/how-kaspas-hashrate-can-position-kas-as-a-top10-crypto-this-bull-cycle/" rel="noopener noreferrer nofollow">How Kaspa’s Hashrate Can Position KAS As a Top10 Crypto This Bull Cycle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Kaspa’s Hashrate Can Position KAS As a Top10 Crypto This Bull Cycle

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