Kaspa (KAS) is rapidly gaining attention thanks to its innovative technology and growing ecosystem. Its recent listing on Kraken boosted its price and trading volume. Powered by the GHOSTDAG protocol, Kaspa delivers faster transactions and improved scalability, which sets it apart from traditional blockchains. So can all these big moves push KAS to $2 this year? While Kaspa continues to evolve, PlutoChain ($PLUTO) is emerging as a potential solution to Bitcoin’s speed and scalability challenges. Here’s all you need to know. Can Kaspa (KAS) Break $2? Exploring Its Path to a New Milestone As of January 23, 2025, Kaspa (KAS) is trading at about $0.1313, with a 24-hour trading volume of $80.6 million. With a circulating supply of 25.58 billion KAS, its market capitalization sits at an impressive $3.37 billion. Over the past week, KAS has seen a solid 10.6% price increase, trading within a 24-hour range of $0.1265 to $0.1328. The RSI is at 50, which puts KAS in the neutral zone. In November 2024, Kaspa celebrated a major milestone with its listing on Kraken, one of the top cryptocurrency exchanges. This move triggered an 18% surge in KAS’s price and significantly boosted its trading volume. On the technology front, Kaspa continues to lead the way with its innovative GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG processes parallel blocks instead of discarding them, which enhances both transaction speed and network scalability. The Kaspa community has also seen remarkable growth. Developers and users are flocking to the platform, drawn by the introduction of the KRC-20 token standard. This upgrade enables smart contract functionality and, as a result, lets decentralized applications and services thrive on the Kaspa network. Christian Ludwig , a crypto analyst on X, envisions Kaspa reaching $1 by April and bases his analysis on fractal patterns from the February 2023 price discovery. He also speculates that if there’s a second alt season wave in Q4, following a summer cooldown, KAS could climb even higher and potentially hit $5. SatoshiBroker predicts a minimum price of $5 for this cycle. How PlutoChain ($PLUTO) Could Transform Bitcoin Into a Faster, Smarter, and More Versatile Network Bitcoin faces slow transactions, steep fees, and frequent network congestion which often hold it back from meeting modern blockchain needs. These challenges stem from its original design, which limits the network to processing only a handful of transactions per second. PlutoChain ($PLUTO) is a hybrid Layer-2 solution with the potential to tackle Bitcoin’s bottlenecks. By enhancing speed, reducing costs, and improving scalability, PlutoChain could offer a way to expand Bitcoin’s potential without straying from its foundational principles. It could bridge the gap between Bitcoin’s robust main blockchain and the growing demand for faster, more versatile applications. One of Bitcoin’s biggest drawbacks is its 10-minute block time, which drags transaction processing to a halt. Using Layer-2 technology, PlutoChain offers block times of just 2 seconds, rivaling blockchain giants like Ethereum and Solana. But speed is only part of the story. PlutoChain also brings smart contract capabilities to Bitcoin and could open doors to decentralized finance (DeFi), NFTs, and AI-powered applications. Thanks to its EVM compatibility , developers could easily adapt Ethereum-based projects for the Bitcoin ecosystem. During testing, PlutoChain processed 43,200 transactions daily without any delays, which shows it’s prepared for real-world use. Security measures include audits completed by SolidProof , QuillAudits , and Assure DeFi , as well as regular code reviews and stress tests. Additionally, PlutoChain empowers its users through a community-driven governance model that lets them shape the platform’s future. The Bottom Line Kaspa’s innovative technology, such as the GHOSTDAG protocol and KRC-20 token standard, highlights its potential as a scalable, developer-friendly blockchain. However, it still faces challenges in achieving widespread recognition and competing with more established blockchains. On the other hand, PlutoChain ($PLUTO) might be a solution to Bitcoin’s limitation by addressing speed, scalability, and smart contract functionality. With its focus on Layer-2 efficiency and community-driven governance, this project could reimagine what Bitcoin can achieve. ————- Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
