Kaspa Price Prediction 2024, 2025, 2030

Kaspa began trending late in 2023 as it was listed on Binance Futures. Having already seen an increase of 81,654% since the start of price data, many are wondering what Kaspa has to offer, why so many are excited by the possibilities of the network, and what this could all mean for the future price of the network’s native currency, KAS.

Here, we’ll gather empirical and theoretical points to inform a Kaspa price prediction, look at what others have to say about the future of Kaspa’s price, and dive into what Kaspa is and why some investors might have high hopes for its future.

$500K Kaspa Airdrop on Margex

The popular crypto derivatives exchange Margex has just announced an exciting new Kaspa airdrop. All you have to do to be eligible is sign up or log in on Margex and maximize your trading during the airdrop event. Afterward, you’ll be able to claim your KAS tokens.

Here’s how to take part in the $500,000 Kaspa airdrop:

1. Sign in or register on Margex
2. Click “Join Now” on the Margex Airdrop page
3. Actively trade any pairs on Margex between the 26th of August and the 22nd of September
4. Claim your KASPA ($KAS) tokens after the event ends

Kaspa Price History

Kaspa went through a fair launch process on November 7th, 2021. However, Kaspa price information on CoinMarketCap starts on June 1st, 2022, with a Kaspa token price of $0.0001699. This is also the token’s all-time low price. From here, after an initial price boost due to its novelty on the market, the Kaspa token traded sideways until late November 2022, 1 year after its launch, when its price rose quite dramatically from $0.0011859 on October 31st to a 2022 high of $0.009425, a 694% increase.

The price of Kaspa then dropped and started 2023 at a price of $0.005278. It dipped a little lower in January 2023, hitting a low for the year of $0.004683 on January 11th. Since then, the price of Kapsa has steadily climbed from these sub-$0.01 prices, first climbing above the $0.01 mark on February 27th to be worth $0.1389 at the time of writing. That’s a 2,531.68% increase over the course of 2023, and a 81,654% increase since the beginning of trading data for Kaspa.

Kappa’s price journey throughout 2023 was a steady one. The KAS token saw a steady uptick in price over the two and a half months prior to its first halving event in August. It peaked on the day of its halving event at $0.05019 after rising from a price of $0.01345 on May 24th, a price change of 273%.

After a brief dip, the Kaspa price continued its gentle uptrend through the summer and autumn of 2023 before seeming to climb aboard a rocket on November 4th, with a price of $0.05207, and shoot toward a high of $0.1389 at the time of writing—a 166.76% increase over just over 2 weeks.

Kaspa Price Prediction 2024

2024 brings a lot of excitement for Kaspa and, thus, for a Kaspa coin forecast. There are two halving events in 2024 that could have an impact on the Kaspa price.

Firstly, the Bitcoin Halving event is scheduled to occur sometime in April or May of 2024, before the Kaspa Halving event in August 2024.

Historically, the Bitcoin halving event does not have a price impact on Bitcoin or the wider market until 12–18 months after the Halving takes place. Which means that the influence of this event might not actually be felt until 2025. However, this year, with more eyes on Bitcoin than ever and adoption continuing to grow, some think that the Bitcoin price could rise in anticipation of the event—and the whole market, including Kaspa, would rise along with it.

Kaspa experiences a halving event every year. Although, unlike Bitcoin’s, it is not a simple slicing of the mining rewards. The mining rewards for Kaspa are steadily cut throughout the year so that they halve steadily over the halving period, meaning that the Halving event is just the recalculation of the size of these cuts to align with a new halving amount. However, prior to its 2023 halving event, Kaspa experienced a 273% increase in price and then peaked on the day of its Halving, August 7th. The expectation is that, as Kaspa grows in popularity, the excitement of a Halving event could drive prices up again in the middle of the year.

There are two other, less certain, factors that could impact the price of Kaspa in 2024. These are the release of the Rust version of the Kaspa protocol. This will open it up to smart contracts and tokens, allowing for much greater utility, an aspect regularly factored into price evaluations.

Finally, there’s the potential that Kaspa could be listed on two of the other big three exchanges, Coinbase or Kraken, after listing on Binance Futures in late 2023. This listing helped to boost the price by 15%, and the launch of Kaspa on other exchanges will not only bring price boosts like this but will also increase its exposure.

As a result, our Kaspa price prediction for 2024 is a high of $0.50, a low of $0.1, and an average of $0.28.

Kaspa Price Forecast Long Term Outlook – 2025-2030 Predictions

Looking further out to 2025 and 2030, it becomes more and more difficult to make informed predictions for the Kaspa coin. However, there are a few things that we can pinpoint to help us do so.

While 2024 will be the year of the Bitcoin Halving, many expect, thanks to historical data, the price impact of this event to occur at some point in 2025. As Bitcoin and the rest of the market typically rise dramatically during this period and hit new all-time highs, we can expect that Kaspa will do the same. As a result, our Kaspa price prediction for 2025 is a low of $0.28, a high of $1.10, and an average price of $0.60.

In 2030, the crypto market is likely to be coming down from the highs achieved in 2029 as a result of the 2028 Bitcoin Halving event. We can also expect the global adoption of cryptocurrencies to have increased, and we can also expect users and businesses to be trialing and even using more novel blockchain solutions, like Kaspa’s GhostDAG protocol, that offer increased throughput and low latency solutions for transferring balances.

We could, of course, find that crypto has been made illegal and regulated out of existence by this time. However, this is highly improbable, and our Kaspa price prediction for 2030 doesn’t focus on such pessimistic scenarios. Instead, our Kaspa price prediction for 2030 takes a middle ground of discovery and utility and, consequentially, forecasts that Kaspa will hit a high of $3, a low of $1.50, and an average price of $2.20 in 2030.

Potential Highs & Lows of Kaspa Coin Price

Here, we’ve summarized our Kaspa price forecasts for the coming years.

What do Other Analysts Predict for Kaspa Coin?

Kaspa’s rise throughout 2023 and its listing on Binance has led many individuals to forecast its future price.

What is Kaspa Coin and What is it Used For?

Kaspa is a layer 1 blockchain network of which Kaspa, ticker KAS, is the native currency. The Kaspa network was launched through a fair launch process—no pre-mine, no pre-sale, and no allocations for developers or investors—in November 2021.

It is a proof-of-work (PoW) network that combines blockchain and Direct Acrylic Graph technology to solve the blockchain trilemma of security, scalability, and decentralization. This unique combination of technologies means that Kaspa offers a high transaction throughput and mints one block every second (with aims to scale this up to 32 and even 100 blocks per second). Transactions on the network are said to confirm almost instantaneously, and the average transaction confirmation time is said to be 10 seconds.

Taking Inspiration From Bitcoin

Arguably, because the creation of Bitcoin marks the inception of the cryptocurrency movement, all cryptocurrencies were inspired by Bitcoin. However, Kaspa directly cites Bitcoin as a blueprint for the Kaspa network. Along with its philosophical alignment through its fair launch, open-source nature, decentralized governance, and proof-of-work mining algorithm, Kaspa also has a finite token cap, ~27.8 billion KAS, and a deflationary monetary policy.

Kaspa Halvings

The Kaspa protocol also has its own halving events, and these occur every year. However, unlike the Bitcoin protocol, which simply halves the block rewards every 210,000 blocks, roughly every 4 years, the Kaspa protocol reduces the block rewards each month so that after 1 year the block rewards has been halved.

At the year mark, the monthly reductions are reduced accordingly so that the reward amount can be halved over the course of the next year. The Kaspa network’s reward emission schedule can be found here.

What is Kaspa Used For?

Currently, when compared to the majority of other blockchains, Kaspa has a limited amount of functionality. It does not yet support smart contracts or the creation of tokens on the network. It can currently only be used to transfer, store, and mine the network’s native currency, KAS.

The developers of the protocol are, however, rewriting the code base in Rust, the popular smart contracting language used by the likes of Polkadot and Solana, to allow smart contracting and tokenization functionalities to be developed and added to the network.

An alpha version of this rewrite was released to the public in April 2023, and it is still being developed, with no notice given yet as to its final release date.

Kaspa Coin Overview

What Influences the Price of Kaspa?

As a relatively new and novel solution to the blockchain trilemma of security, scalability, and decentralization, the Kaspa crypto price is mainly impacted by the fundamental factors that impact the price of most altcoins.

Performance of Bitcoin

Most altcoins closely track Bitcoin’s price, rising in price when Bitcoin rises in price and decreasing in price when Bitcoin does. This is true for KAS, and it can expected that the price of KAS will probably rise when Bitcoin does. Bitcoin’s price hinges on, amongst other things, big news items, such as the approval, rejection, or postponement of Bitcoin ETFs.

Bitcoin Halving Event

A Bitcoin Halving will occur in early 2024, most predictions say around late April, and this is widely expected to have an astronomical impact on the price of Bitcoin and, consequentially, the rest of the cryptocurrency market. This is based on historical evidence from past Halving events, and these price rises, and the ATHs they bring with them, often don’t occur until 12–18 months after the Halving event. Bitcoin Halving events happen roughly every 4 years.

Kaspa Halving Event

As mentioned, Kaspa takes a lot of inspiration from Bitcoin, and a Kaspa Halving event occurs once a year. However, on Kaspa, this event signals the adjustment of the reward reduction speed, instead of a simple halving of block rewards. This is because Kaspa’s block rewards are steadily reduced over the course of the year so that the reward amount has halved at the end of that year.

Because of a lack of a price history surrounding these Halving events, it is hard to know what impact a Kaspa Halving event will have on the price of KAS. But if the Kaspa network gains adoption, these events will become increasingly important and might significantly impact the price of Kaspa.

Tokens, Smart Contracts, and Adoption

Without the ability to build and use applications on the network, there is little interest in Kaspa from the average crypto user and investor. However, the codebase for the Kaspa protocol is being translated into Rust, a popular programming language amongst smart contract developers and one that is growing in popularity every year, more than tripling in popularity since the beginning of 2020.

Once this is released, developer will be able to build applications on top of Kaspa and create tokens for those applications. With the creation of the Kaspa ecosystem, there’s the potential for an increase in demand for the KAS token, helping to drive prices higher.

Exchange Listings

At the time of writing, KAS is listed on 33 centralized exchanges and 4 decentralized exchanges. It is currently not listed on what are considered two of the biggest crypto exchanges, Kraken and Coinbase. If one or both of these exchanges choose to list KAS, then it can be expected, from past evidence with other coins, that the price of KAS will get a boost on the announcement and a huge boost when trading of the token commences.

With two of the biggest exchanges yet to list KAS, this could happen multiple times.

Is Kaspa a Buy?

Kaspa is relatively new to the cryptocurrency market, and it also offers something new in the form of combining PoW mining with blockchain and DAG technology. This allows it to post blocks every second and have an average transaction confirmation time of 10 seconds—fantastically fast when compared to the top blockchains.

While Kaspa’s codebase is currently written in a fairly unused programming language, it is undergoing a rewrite in the popular smart contracting language, Rust. The introduction of this to the Kaspa network will also pave the way for the introduction of smart contracts and tokens onto the Kaspa network, making it highly appealing to developers and users.

Kaspa’s relatively new status, along with its future potential as a decentralized, high throughput smart contract platform, and its listing on Binance futures, created a buzz around Kaspa at the end of 2023. With two more big exchanges, Kraken and Coinbase, yet to list Kaspa, a smart-contract-developer-friendly rewrite yet to be launched, and Kaspa yet to have smart contracting and token capabilities, Kaspa certainly seems like a great buy now, before all the hype starts around these upcoming aspects and capabilities of the protocol.

Best Place to Buy Cryptocurrencies

Being the largest crypto exchange both by number of users and the daily trading volume, Binance is the best place to buy your crypto.

Unfortunately, you can’t buy KAS on Binance as a standalone coin yet, but you can trade it as a crypto future. Being listed as a future could indicate potential coin listing soon.

Despite that, Binance is still the best place to buy crypto because it offers low spot trading fees of 0.1% and lower, it offers more than 350 cryptocurrencies to choose from, and you can buy them with a credit card as well.

Hands-off investors can use trading bots and copy trading tools, or they can set their auto-invest features and dollar-cost average their position.

Moreover, you can use your crypto assets as a collateral to borrow against them. This can be incredibly useful if you need instant liquidity but don’t want to sell your coins.

Overall, Binance is worth considering because of its coin offering, reliability and useful features designed for crypto investors and traders.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

Kaspa might have had a moment in the spotlight at the end of 2023, but the future of KAS and the Kaspa network still looks very bright—with Halving events, protocol upgrades, and crypto adoption all on the horizon.

While the future seems bright for Kaspa does that mean it can hold onto a place in the list of the best cryptocurrencies to buy right now? There’s only one way to find out.

References

• https://coinmarketcap.com/currencies/kaspa/
• https://www.binance.com/en/support/announcement/binance-futures-will-launch-usdⓢ-m-kas-perpetual-contract-with-up-to-50x-leverage-7cda5be3429d4e1da2ad8e23c120a7fb
• https://eprint.iacr.org/2018/104.pdf
• https://kaspa.org/wp-content/uploads/2022/09/KASPA-EMISSION-SCHEDULE.pdf
• https://www.reddit.com/r/kaspa/comments/xdnhlg/what_is_rust_rewrite_for_kaspa/
• https://kaspa.org/kaspa-on-rust-alpha-release/
• https://www.cnbc.com/2023/11/13/spot-bitcoin-etf-approval-is-approaching-experts-say-what-to-know.html
• https://www.slashdata.co/blog/state-of-the-developer-nation-coding-language-popularity-chinas-developer-market-how-developers-make-revenue-and-more
• https://wiki.kaspa.org/en/trading

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