Kaspa continues to dominate

Their are far too many crypto projects now… this is going to be an important factor in this bull run. If their were only 1000 or 2000 projects in the market, they’d all be pumping green, but most are bleeding due to the money being diluted into too many projects that didn’t even exist a year ago.

We are used to the high tide lifting all boats… meaning the bull market makes everything pump, but I think the market is too diluted to do that as much. There’s been a large number of decent quality Proof of Work projects going nowhere this cycle, because of millions of dollars sitting in so many cryptos. Hell, many worthless memes have hundreds of millions, or billions, of dollars sitting in each.

As most cryptos are bleeding, Kaspa has a large number of catalysts coming up (10 blocks per second and KRC20) that will keep bringing more and more attention. People will look at the charts and see Kaspa consistently green, while most everything else continues sideways, or down… and that is going to drive more people to Kaspa, creating a positive feedback loop of FOMO. There’s going to be a lot of losers, and a few really big winners this cycle. Kaspa will be on the top of the winner’s list.