Kaspa is a proof-of-work cryptocurrency implementing the GHOSTDAG protocol, an alternative consensus model allowing parallel block creation for improved performance.
Unlike traditional blockchains, where orphan blocks are mined concurrently, GHOSTDAG enables these parallel blocks to coexist within the blockchain. This generalized version of the Nakamoto consensus orders the blocks into an overall chain while avoiding discarding valid blocks.
As a result, Kaspa is actually a blockDAG—a directed acyclic graph of layered blocks rather than a single sequential chain. This structure supports extremely fast block times of around 1 second presently, with goals to reach 10/sec and beyond.
Kaspa’s price currently stands at $0.06492, with a 3.8% surge in value over the last 24 hours. KAS is up by 25.2% in the last seven days and 30.9% in the last 30 days.
Kaspa price prediction for November 2023
According to AMBCrypto analysts‘ price prediction, Kaspa is expected to trade at a minimum of $0.054 and a maximum of $0.062 in November. Experts predict that the average trading price will be $0.058. KAS hit its all-time high of $0.06826 11 hours ago, defying all the projections.
Also read: Ripple (XRP) Price Prediction: November 2023
The market is volatile at the moment and is showing a positive trajectory as both BTC, ETH, and other major altcoins are trading in green. The price can go in either direction, depending on market sentiment and other factors.