In the ever-evolving world of cryptocurrency, Kaspa (KAS) has managed to stand out, even amid ongoing network issues. According to a recent price analysis by FireHustle, Kaspa has demonstrated remarkable resilience, holding strong while the broader market struggled. This resilience has made it a beacon of hope in many portfolios during bearish trends. However, the network's recent technological advancements and the subsequent challenges have raised questions about its future price trajectory. As Kaspa continues to transition from Go to Rust for enhanced speed and stability, the crypto community is keenly watching to see if it can maintain its upward momentum.

Kaspa Technology and the Ongoing Challenge

Kaspa protocol launched KC20 Beta on June 30th, with the formation of the Kaspa Ecosystem Foundation aimed at supporting growth through funding. There is also a Cplex Protocol designed for developers to create and launch tokens and projects using the new KC20 token standard.

The launch of Cplex brought in a lot of traffic to Kaspa, making it experience increased confirmation times and lag due to high usage. Despite this, security and consensus remained strong. Michael Sutton, a Kaspa developer, mentioned that the congestion was expected and that the core consensus engine and nodes worked without issues. Any challenges faced can be resolved in a short period of time.

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Ongoing Technical Enhancements

Kaspa transitioned from the Go programming language to Rust to boost network speed and stability. The test net with Rust already reaches 10 blocks per second, aiming to scale up to 100. As of May 30th, 90% of nodes have switched to Rust, intending to achieve 10 blocks per second on the main net.

Kaspa aims to be one of the fastest networks available, featuring a scalable layer-one proof-of-work network. Its BlockDAG structure enhances traditional blockchain design, forming a web-like network for faster block times and higher transaction speeds.

Kaspa Future Prospects and Trading Strategy

The future moves of Kaspa are impossible to predict. There will always be pullbacks, but the current trend shows potential for further growth. Kaspa is not yet listed on major exchanges like Coinbase, Crypto.com, Binance, OKX, or Kraken. Achieving listings on these platforms could significantly boost KAS visibility and adoption.

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The coin is still in its early development stages, with plans to improve technology based on beta feedback. The development of smart contracts and apps could take Kaspa to another level. The presenter sees the blockchain’s overall sentiment as bullish, and the fundamentals and continuous development suggest it has a bright future.

The analyst favors buying bit by bit through dollar-cost averaging (DCA). This is because the general market is dipping, and it may be challenging to determine when the bottom will be.

AltFINS Kaspa Price Analysis

Kaspa price analysis from AltFINS suggests that the price remains in an uptrend after reaching the near-term target of $0.194. Investors must find a good entry to ride the trend. One way could be to wait for a break above $0.2 for a continuation or a pullback to $0.15 support for another swing trade.

Based on the analysis, Kaspa remains in an uptrend in the short term. The medium-term and long-term trend analysis also suggests that the price is a strong uptrend. The price of Kaspa is presently trading at $0.169, with the next support being at $0.15 and then $0.13. The next resistance is at $0.194, and if that breaks, the analysis suggests we could see a new all-time high at $0.24.

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Conclusion

Kaspa's journey is a testament to its resilience and potential in the volatile world of cryptocurrencies. Despite facing network congestion and the challenges of transitioning to a new programming language, Kaspa has shown that it can hold its ground and even thrive. The ongoing technical enhancements and the strategic formation of the Kaspa Ecosystem Foundation are promising steps towards its growth.

As Kaspa continues to develop and potentially get listed on major exchanges, its visibility and adoption are likely to increase. For investors, the strategy of dollar-cost averaging (DCA) could be a prudent approach given the current market conditions. The price analysis suggests a strong uptrend, with potential new highs on the horizon.

In summary, while the future is always uncertain, Kaspa's fundamentals and continuous development make it a cryptocurrency worth watching. Whether you're a seasoned investor or new to the crypto space, keeping an eye on Kaspa could be a wise move.

The post Where’s KAS Price Headed Next Amid Ongoing Kaspa Network Issues? appeared first on CaptainAltcoin.