Can Kaspa (KAS) Keep on Pumping in 2024?

Crypto with Lorenzo
11 min readNov 28, 2023

The best-performing top-100 crypto asset shows little sign of stopping.

Image courtesy of Kaspa media kit.

Non-members can read the full story here.

As we start gearing up for what many consider a massive 2024 for Bitcoin and the entire crypto space, some altcoins and tokens have already delivered solid returns for their asset holders since the start of this year.

The one leading the pack is Kaspa (KAS), which has generated a whopping 1,600% ROI (17x) over the past 12 months. Even more impressive is its 77,000% growth since launching in June 2022 during a bear market.

Before we get ahead of ourselves and begin throwing around price predictions and targets, let’s backtrack and gain an understanding of this project.

What is Kaspa?

Those behind this protocol claim it to be “the fastest, open-source, decentralized & fully scalable Layer-1 in the world.”

Unlike Bitcoin — which relies on the Nakamoto Consensus (NC) algorithm (a type of proof-of-work [i.e., mining] consensus system) — Kaspa adopts another mining-related setup, the GHOSTDAG (Phantom 2.0) mechanism.

Imagine all of the benefits listed above, coupled with the robust security of Bitcoin and ultra-cheap (0.001 KAS) fees.

This differs…