Kaspa

Bitcoin

BlockDAG

Evolution

<p><strong>Analyst </strong>“𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞” posted an interesting Kaspa chart today on X, formerly Twitter. He actually compared KAS growth with early Bitcoin days.</p>
<h3 class="wp-block-heading" id="strong-rapid-growth-and-stabilization-strong"><strong>Rapid Growth and Stabilization</strong></h3>
<p>The chart showcases Kaspa’s Power Law R-squared (R²) value over time, which measures how closely the <a href="https://captainaltcoin.com/3-reasons-why-kaspa-kas-price-could-reach-0-5-soon/" target="_blank" rel="noopener noreferrer nofollow">the Kaspa price action</a> follows a predictable trend based on a mathematical model. This model is likely tied to the power-law distribution often observed in financial markets.</p>
<p>Initially, Kaspa’s R² value was highly volatile, with significant dips during the first few months. This early phase, characterized by instability, saw the R² fluctuating between low values and occasionally approaching zero. However, around late 2022 to early 2023, a notable shift occurred as the R² began to stabilize and show a consistent upward trend.</p>
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   <p lang="en" dir="ltr">The Cumulative Evolution of <a href="https://twitter.com/hashtag/Kaspa?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kaspa</a> 's Power Law R^2 Over TIme<a href="https://twitter.com/KaspaCurrency?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@KaspaCurrency</a> <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cumulative R² Evolution: This plot shows how Kaspa's (R²) is evolving over time. R², or the coefficient of determination, measures how well a model explains the variance in data—in this case,… <a href="https://t.co/GRdlOB4unY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GRdlOB4unY</a></p>— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) <a href="https://twitter.com/Crypt0Proselyte/status/1842898186693656725?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 6, 2024</a>
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<p>The most striking aspect of the chart is the rapid increase in R² values from mid-2023 onwards. By late 2024, the R² reaches a level above 0.95, indicating that <a href="https://captainaltcoin.com/kaspa-price-prediction-can-kas-reach-10-by-2025/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s price action has become highly predictable</a> over a relatively short period.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/where-is-the-bitcoin-price-headed-next-analyst-predicts-68k-per-btc-next-week/" target="_blank" rel="noopener noreferrer nofollow">Where Is The Bitcoin Price Headed Next? Analyst Predicts $68k per BTC ‘Next Week’</a></strong></em></p>
<h3 class="wp-block-heading" id="strong-technological-advantages-driving-growth-strong"><strong>Technological Advantages Driving Growth</strong></h3>
<p>Analyst attributes Kaspa’s accelerated growth and stabilization to several key factors:</p>
<ol class="wp-block-list">
 <li>Faster block times</li>
 <li>More efficient network</li>
 <li>BlockDAG structure</li>
</ol>
<p>These innovations could be enabling Kaspa to gain maturity more quickly by reducing inefficiencies in its consensus mechanism. As a result, Kaspa’s price appears to be following a more predictable trajectory, as evidenced by the high R² values towards the end of the chart.</p>
<h3 class="wp-block-heading" id="strong-the-bitcoin-on-steroids-comparison-strong"><strong>The “Bitcoin on Steroids” Comparison</strong></h3>
<p>The analyst’s description of Kaspa as “Bitcoin on steroids” stems from the observation that KAS is following a similar trajectory to Bitcoin’s early growth, but at a much faster pace. While Bitcoin’s early volatility took years to stabilize, Kaspa’s chart suggests it’s achieving similar stability in a fraction of the time.</p>
<p>This rapid stabilization is reflected in the chart’s color gradient, which transitions from red and orange (indicating low R² values) to dark green (signifying high R² values) over a span of about two years. Such a quick transition from high volatility to high predictability is unusual in the cryptocurrency space and suggests that Kaspa may be maturing at an unprecedented rate.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-is-bitcoin-on-steroids-says-crypto-analyst-heres-why-kas-is-moving-faster-than-btc/" rel="noopener noreferrer nofollow">Kaspa Is Bitcoin ‘On Steroids,’ Says Crypto Analyst – Here’s Why KAS Is Moving Faster Than BTC</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Is Bitcoin ‘On Steroids,’ Says Crypto Analyst – Here’s Why KAS Is Moving Faster Than BTC

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