After Kaspa's price increased 100 times, what will be the next token to increase by 100 times? Before answering this question, it's important to understand why the price of the Kaspa token increased by 100 times.
Factors Behind the 100x Surge in Kaspa's Token KAS Price
First Factor: Token's Primary Value
KAS token is a layer 1 public chain, belonging to the third generation of blockchain technology. It combines decentralization and scalability, showing distinct differences from BTC and ETH. The technological strength and the background of the team founders have a significant impact.
Second Factor: Token's Distribution Model
KAS token is mainly generated through mining, utilizing the POW consensus mechanism. The advantage of this approach is a relatively even distribution of tokens. Acquiring tokens involves less risk and lower costs. Ethereum's POS mechanism leads to high token acquisition costs, even in DEX transactions, requiring payment of GAS Fees. The POW consensus mechanism also attracted numerous miners from ETH to participate in KAS mining, resulting in a substantial inflow of funds.
Third Factor: Community Support
KAS is the first layer 1 public chain of the Israeli community, thus having a significantly large community. While KAS token experienced a price drop at one point, the community's support prevented a significant decline in price.
Fourth Factor: Timing of Entry
Only early-stage projects have the potential for 100x growth. As they utilize the POW method, there's no need for airdrops, avoiding the issue of only a few investors benefiting.
Spacemesh $Mesh
Spacemesh is a project similar to Chia, using idle hard drive space for mining. It's also an Israeli community project. The total token supply is 2.4 billion, and the project is currently in its early stages.
MESH is the token for Spacemesh, meeting the aforementioned four conditions, making it a potential 100x token.
Mining MESH
MESH mining is quite similar to Chia's mining. After downloading Spacemesh's software, plotting is required. The difference lies in the plotting process, which depends on GPU speed rather than, like Chia, the size of RAM. Hence, plotting speed is slower than Chia.
There's also a higher bandwidth requirement compared to Chia, needing at least 1 Mbps upload and 5 Mbps download speed. A household computer theoretically requires a Fiber internet connection to achieve such speeds.
How to Purchase Mesh Tokens
As the project is in its early stages, although the official description indicates low mining costs for Mesh and not requiring a large amount of hard drives to mine tokens, actual operations with inadequate internet speed directly impact the token rewards. Additionally, electricity costs need to be considered. Purchasing MESH tokens directly in BingX's spot market trading is a more cost-effective option.
