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Cryptocurrency News Articles
YouTuber Explains Why He’s Buying Kaspa Over Ethereum – KAS Price Prediction
Oct 09, 2024 at 04:30 pm
Popular crypto YouTuber Lee who has over 30k subscribers posted a video last night in which he explained why he's buying Kaspa over Ethereum. He also updated his Kaspa price prediction.
Popular crypto YouTuber Lee, known for his in-depth market analyses and price predictions, recently shared his thoughts on Kaspa (KAS) and why he prefers it over Ethereum (ETH). In a recent video, Lee explained his reasoning behind buying Kaspa and updated his Kaspa price prediction.
Lee boasts over 30k subscribers on his YouTube channel, where he covers a wide range of topics related to cryptocurrency, including technical analysis, market updates, and his personal investment strategies. His latest video focused on Kaspa, a decentralized blockchain network that has gained attention for its innovative architecture and potential to revolutionize the crypto industry.
In his analysis, Lee highlighted Kaspa’s BlockDAG architecture as a key advantage over Ethereum’s monolithic blockchain technology. Kaspa's architecture enables parallel block creation and instant confirmations, making it faster and more scalable than Ethereum. According to Lee, Kaspa's network is 600 times faster than Bitcoin's blockchain.
Highlighting Kaspa's potential for diverse applications, Lee noted its KRC2 token standard, which he believes has more potential than Ethereum's widely-used ERC20 standard. He anticipates KRC2 will be instrumental in creating decentralized applications (dApps), NFTs, and AI-based projects, which could strengthen Kaspa's ecosystem.
Comparing Kaspa and Bitcoin's proof-of-work blockchains, Lee emphasized that Kaspa's system is more advanced and better optimized for modern decentralized projects.
In terms of price prediction, Lee expressed his optimism about Kaspa reaching as high as $10 during the current bull run. He believes that Kaspa's market cap could hit $250 billion, considering its technological advantages and ongoing development. This makes Kaspa a promising investment with room to grow, compared to Ethereum, in his opinion.
According to Lee, while Ethereum could rise to between $10,000 and $12,000 in this cycle, he sees its upper limit capped at $15,000, leaving less room for exponential growth compared to Kaspa.
Lee's investment strategy for Kaspa is simple: he regularly buys KAS with his income and holds it long-term. He likens this approach to a simple, low-effort method, comparing it to cooking instant noodles. He advises against complicating investment strategies with day trading or leveraging, as he believes these methods often lead to losses.
Kaspa's recent performance has been noteworthy, with a 10% gain over the past 24 hours and a 20% increase over the last seven days. At the time of writing, Kaspa is trading around $0.13, showing a slight decrease of 10% this week.
In contrast, some meme coins, like NEIRO and POPCAT, have seen significant gains, outperforming Kaspa in the short term. Additionally, a new meme coin with real utility, PandaWorld, is gaining traction.
Holders of PandaWorld's native token, $PADW, have the opportunity to earn passive income by staking it. The project is currently in an ongoing presale for its native token.
Revenue generated from various activities—such as play-to-earn (P2E) games and a casino—feeds into a central profit pool, which is distributed among stakers. PandaWorld's ecosystem boasts multiple elements, including gaming, a casino, and content creation platforms, where users can earn by sharing digital art and memes.
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