Okay guys, I thought I'd do a quick video on Kaspa. I've been getting a lot of comments about this one. Welcome back to the Crypto Astro Channel, where I combine technical analysis with astrology. Please use caution in the comments below, as there are many spam bots promoting false crypto projects. None of this content is financial or investment advice; it is intended for entertainment purposes only.
Here is the Kaspa chart. Wow, it is looking good and is also doing well versus Bitcoin since March. It has been going up quite a bit. If we take a 50% level, it's still above the 50% level, as indicated by this green line here. It's still holding up quite well. The Kaspa chart shows a clear uptrend, and I have been learning about Kaspa.
The vision for Kaspa is to build a Nakamoto-like service that operates as fast as the internet allows. The goal is to create a system that surpasses the limits of Satoshi's version one protocol while adhering to the same principles embedded in Bitcoin. Contrary to Satoshi's vision, Bitcoin did not become a peer-to-peer electronic cash system; instead, it was solidified as a store of value, like internet gold. This leaves a lot of room for improvement and for choosing different trade-offs for L1. Even though Bitcoin is one of the greatest financial revolutions, Kaspa is looking to Silver, which historically presented a different trade-off versus gold. Kaspa was treated as less precious than gold but more circulative, less valuable yet more acceptable as a payment. The project is named Kaspa, the Aramaic word for silver and money.
The consensus stack of Kaspa is designed to address the leading challenges for the second decade of crypto as the technology matures and its adoption and integration as web applications gain momentum. We identify two primary vectors requiring a deep revisit of the base consensus: the speed of transactions' inclusion in the ledger and the control over transaction ordering in the ledger.
Providing instant confirmation is not a trivial task unless one is willing to compromise on the principles of decentralization. Kaspa took the hard path of designing the system based on Satoshi's paradigm in first principle. There has yet to be a serious attempt in the blooming field of cryptocurrencies to follow Satoshi's V1 protocol, improving and providing new capabilities based on the same fundamentals. Bitcoin has become the internet's ultimate reserve asset. We believe there's still demand, and an urgent one at that, for an implementation of Satoshi's original vision: a peer-to-peer electronic cash system.
Kaspa's base layer focuses on becoming a fast and scalable transaction sequencing proof of publication engine. A rollup-centric Ethereum will fragment this network, hinder composability, and dramatically change the underlying assumptions and dynamics. This should be done by adopting the thought process and innovation led by several Ethereum researchers and developers who are building rollups. The rollups technology reduces the cost of running base consensus nodes.
Additionally, the GHOST DAG protocol allows us to make a chain out of the parallel blocks in the block DAG. This results in the same security guarantees provided by Nakamoto consensus but with increased throughput and lower confirmation time. In simpler terms, this means faster, more efficient, and secure transactions, as parallel blocks enable more transactions to happen at faster speeds.
๐โจ Astrology shows Kaspa could skyrocket ๐ but remember, it's not 100% accurate! ๐๐ฎ
The chart is looking good, and we can look at the historical astrology for further insights. I took the Kaspa chart from the Genesis block, which a viewer found to be November 22, 2021, at 7:34 a.m. in Cambridge, Massachusetts. Everyone should double-check this for accuracy. Historically, this transit is really bullish. It hit on February 2 of this year, and we observed a significant move right after that date. Although the move didn't happen instantly, we saw a huge surge following Pluto sextiling the Kaspa sun. We expect another direct hit on August 11 and December 8, which could potentially lead to super bullish action, though it's not 100% guaranteed.
On March 5, we had another positive transit, but it resulted in some downward pressure. Interestingly, between these two positive transits, we experienced a massive pump. This was due to Jupiter conjuncting the Kaspa Uranus, which is typically very bullish. Despite a bit of a dump after that, we saw a massive pump prior to it. Jupiter trining the Kaspa Venus on March 19 also showed volatility, with a dump followed by a massive pump. This indicates that while astrology can provide insights, it's not always 100% accurate.
For negative transits, such as the one on March 23, the market started falling off after that date. I might consider marking negative transits in yellow for better clarity. Continuing to look for bullish and bearish transits on the astrology chart for Kaspa, we see that April 11 and April 19 are pretty bullish. Despite a bit of a low during this period, it appears to be building a base.
Conversely, June 3rd is marked as a bearish date, which aligns with a slowdown after an initial pump. This suggests that the astrology might not always be accurate for all coins, although it has shown about 90% accuracy for Bitcoin.
Interestingly, there is another bullish transit on June 12th, which might have outweighed the negative one on June 3rd. Looking ahead, there is a negative transit expected on July 24th, indicating a possible correction. However, there is still a tremendous amount of demand for Kaspa. Negative transits are also anticipated from the end of July into October and from September into November, which could lead to a dump around that time. On the flip side, a super positive transit is expected from August through December, leading to a potential bullish end of the year. This aligns well with Bitcoin and other altcoins.
๐โจ New moon & Mercury retrograde in August = potential market shake-up! ๐ Stay tuned!
For additional context, there is a new moon and Mercury retrograde coming up in August. The new moon at 12 degrees is squaring Uranus, which is not favorable. This could lead to a correction around August 3rd or 4th. Mercury retrograde typically brings a dump, correction, or sideways action, which might slow things down in August.
Looking at the chart, everything appears quite good overall. The recent weekly close is bullish, with higher lows being maintained and the trend line holding well. There is no major selling action evident, even on the two-week and monthly charts. The only negative scenario would be if the candle drops significantly, but that is not currently happening.
In conclusion, Kaspa is looking strong, and the next weekly close will be crucial. Viewers are encouraged to ignore spam bots in the comments and share any questions or topics they would like covered regarding Kaspa. Subscribing for more Kaspa videos is recommended to stay updated on the astrology and its accuracy in the coming months. Thank you for tuning in, and see you in the next video.