Kaspa (KAS) has now moved to third place, beating Polygon (MATIC) in terms of market capitalization. This has created a force to be reckoned with in the cryptocurrency market. Kaspa build on the blockDAG architecture owes the milestone. This renders Kaspa capable of handling a high number of transactions per second and highly scalable, in the blockchain industry.
Kaspa’s value increases while the ecosystem is developing, with the growing adoption and activity rate behind it. Due to the decentralised nature of the cryptocurrency and the improvement in technology, it has attracted more investors and developers. On this growth trajectory, the market is firmly behind Kaspa’s ability to solve some of the scalability and efficiency issues. The platform solves the problems the other blockchain networks have faced.
At the same time, other projects in the crypto space are also progressing with it. Cosmos (ATOM) has deployed its V19 upgrade to eventually improve connectivity and expand ability. Also, the whitelist event of Qubetics is growing more and more popular. One can see that the cryptocurrency market does not remain stagnant for days.
Thus, the further successful establishment of Kaspa within the list of leading cryptocurrencies will have significant implications for the blockchain market. These blockchain networks are competitive and the new success of Kaspa may lead to further advancements of the industry.
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