Is Alephium (ALPH) the Next Kaspa (KAS)? Popular YouTuber Makes the Case

Popular crypto YouTube channel “VoskCoin,” boasting over 600k subscribers, posted a viral video this week. They outlined reasons why ALPH could potentially produce KAS-like gains in the upcoming bull cycle.

Popular crypto YouTuber “VoskCoin,” who has over 600k subscribers, posted a video this week discussing why ALPH could potentially produce gains like KAS in the next bull cycle.

Kaspa (KAS) has been incredibly profitable for miners, providing potential 20x gains for early adopters. ALPH is now gaining attention because it’s also minable, like KAS.

Kaspa, which uses BlockDAG technology, is currently the 27th largest cryptocurrency by market cap at around $4 billion. Notably, KAS is not listed on major exchanges like Binance, Coinbase, or Kraken, yet it remains a significant player in the crypto market.

On the other hand, ALPH Coin ranks 280th by market cap with around $140 million. While its market cap is much smaller than KAS, ALPH has gained 856% in the past year, outperforming Kaspa’s 352% gain. This impressive growth suggests ALPH has the potential for further increases, possibly 10x or 20x.

Kaspa’s mining rewards are slowing down because its emissions are stepping down over time, which will make the coin more difficult to mine and reduce mining profitability in the next year.

The emissions (new coins mined daily) for ALPH are much lower, only about $80,000 per day compared to $1.25 million for Kaspa. If ALPH grows similarly to Kaspa, its daily emissions could rise significantly.

ALPH’s mining uses a method called “Proof of Less Work,” which aims to reduce energy consumption by burning ALPH tokens instead of increasing computing power at scale, essentially capping the energy usage for large miners.

Currently, ALPH mining is highly profitable, with top-tier miners earning up to $192 per day, potentially making $70,000 per year. Kaspa miners, like the KS5 Pro, also remain very profitable but will see declining rewards as emissions step down.

Both ALPH and KAS are competing for a place as scalable, decentralized blockchain platforms. While ALPH is trying to differentiate itself with innovative sharding and proof of less work, it remains to be seen if it can replicate Kaspa’s success.

The video concludes by discussing the risks of mining in the current market, with many miners potentially overestimating future profits, especially as competing against large mining farms becomes harder.

While ALPH could be in a good position for the next market cycle, it’s unlikely to replicate Kaspa’s exact trajectory. The key to ALPH’s success lies in the market’s direction. If a new bull run occurs, ALPH could gain major value.

However, it’s important to note the worst-case scenario: ALPH could become like Kadena, where mining rigs were highly profitable for a short time before collapsing, leading to significant losses for miners.