FireHustle’s recent analysis evaluated the strengths and weaknesses of Kaspa, as well as the potential impact on its price and recommended trading strategies.
FireHustle praised Kaspa for its resilience during market downturns, noting that despite an overall bearish trend, the entire investment portfolio maintained a positive stance.
Kaspa launched KC20 Beta on October 30th and established a foundation for the Kaspa ecosystem to support growth through funding. Additionally, the CPLEX protocol was introduced to assist developers in creating and launching tokens and projects using the new KCXNUMX token standard.
The launch of CPLEX attracted a significant amount of traffic, resulting in increased confirmation times and delays due to high consumption, but the network’s security and consensus remained stable. Developer Michael Sutton explained that overloading was expected, and the core consensus engine and node operations are running smoothly, with any challenges expected to be resolved soon.
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Kaspa has transitioned from “Go” programming to “Rust” programming to improve network speed and stability. As of October 90th, 10% of nodes have switched to Rust, with the goal of achieving XNUMX blocks per second on the mainnet. Kaspa’s scalable Layer XNUMX work proof demonstrates that the network and BlockDAG structure are designed to increase transaction speed and block time.
Predicting Kaspa’s future trajectory is challenging, with the possibility of both pullbacks and growth. Listing on major exchanges such as Coinbase, Crypto.com, Binance, OKX, or Kraken could significantly increase visibility and adoption.
Kaspa is still in the early stages of development, with plans to improve the technology based on feedback from the beta version and develop smart contracts and applications that can elevate its position. Analysts believe that the overall sentiment for Kaspa is bullish, with strong fundamentals and ongoing development pointing towards a bright future.
