The recent FireHustle analysis evaluated the strengths and weaknesses of Kaspa, as well as the potential impact on its price and recommended trading strategies.
FireHustle received praise for its resilience during the market downturn, noting that despite an overall bearish trend, the entire investment portfolio still maintained a positive stance.
Kaspa launched the KC20 Beta on 30th of the 20th month and created a foundation for the Kaspa ecosystem to support growth through funding. In addition, 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, leading to increased confirmation times and delays due to high consumption, but the network’s security and consensus remained stable. Developer Michael Sutton explained that overloads were expected, with the core consensus engine and nodes operating smoothly, and any challenges are expected to be resolved quickly.
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Kaspa has transitioned from “Go” programming to “Rust” programming to improve network speed and stability. As of the 90th day of the 30th month, 10% of nodes have switched to Rust with the goal of achieving XNUMX blocks per second on the mainnet. Kaspa’s scalable layer XNUMX proof-of-work network and BlockDAG structure aim to enhance transaction speed and block time.
Predicting Kaspa’s future trajectory poses challenges, with potential for both pullbacks and growth. Listing on major exchanges like Coinbase, Crypto.com, Binance, OKX, or Kraken can significantly increase visibility and adoption rates.
Kaspa is still in the early stages of development, with plans to improve technology based on beta feedback and develop smart contracts and applications that can enhance its position. Analysts believe that Kaspa’s overall sentiment is bullish, with strong fundamentals and ongoing development indicating a bright future.
