'Big Players Are Coming to Kaspa' – Here's Why KAS Price Will Pump More

Kaspa is once again performing differently than the broader crypto market. In 2023, when the market was calm, the KAS price pumped the hardest.

Kaspa (KAS) price might be lagging behind the broader crypto market, but key developments in the ecosystem, including the launch of KRC2 and the community's solo mining initiative, suggest that KAS is gearing up for another rally.

Kaspa (KAS) price is showing resilience in the face of a broader crypto market rally, remaining largely unchanged while Bitcoin, altcoins, and even meme coins are rallying. However, several developments in the Kaspa ecosystem could propel KAS price to new highs soon.

Kaspa Silver YouTuber Highlights KRC2 Launch, Chain Stats

Kaspa Silver, a popular YouTube channel dedicated to the cryptocurrency, posted a new video highlighting several key developments in the Kaspa ecosystem that might be contributing to KAS price remaining largely flat.

The video begins by highlighting the successful launch of KRC2, Kaspa's native token standard, that was initially postponed due to an issue in the code. However, once deployed, the KRC2 network saw a massive surge in activity, processing an impressive 1.5 million transactions in a single day at its peak.

KRC2 also saw a large number of active addresses on the network, with over 55,000 addresses interacting with the chain. This activity might be a sign of interest in deploying decentralized applications on Kaspa.

Kaspa Network Now Has Over 400 Public Nodes

On the infrastructure side of things, Kaspa now boasts over 400 public nodes around the world, indicating a robust and decentralized network. The video also points out that 63.4% of the total Kaspa supply has remained inactive in the last three months. This could be an indicator of strong holder sentiment and a lack of selling pressure, which might be propping up KAS price.

The updated CPL docs now include USDT and other stablecoins, hinting at their future integration into the Kaspa ecosystem. This could open up new possibilities for DeFi applications on the network.

One user also managed to fully synchronize a Kaspa mainnet node on their mobile device, showcasing the network's efficiency and accessibility.

Community Initiatives: Solo Mining, Rusty Kaspa Workshop

The Kaspa community is also actively working on various initiatives, including a solo mining initiative that aims to set up public solo nodes in America. Currently, the efforts are focused on integrating with Ice River and Gold Shell miners, potentially expanding the network's mining ecosystem.

On the development side of things, the Rusty Kaspa Workshop is encouraging participation from developers with knowledge of Rust and UTXO-DAG processing. This initiative aims to foster innovation and bring fresh perspectives to the Kaspa ecosystem.

The video also covers DEX developments, with Kasp Decks and other users working on decentralized exchanges for the KRC20 ecosystem. This could potentially enhance liquidity and trading options for Kaspa holders.

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