Alephium (ALPH) Skyrockets 78% on News of ASICs by Bitmain, Targeting Kaspa (KAS)-Like Growth

By introducing the ASICs for Alephium (ALPH), Bitmain seeks to enhance its blockchain network's next efficiency, security, and sustainability level.

Alephium (ALPH) Surges 78% on ASICs News by Bitmain: Here's What It MeansAlephium (ALPH) crypto surged more than 78% in the past 24 hours after the news of ASICs (Application-Specific Integrated Circuits) being introduced for mining by @BITMAINtech.

What Happened: Alephium (ALPH) price skyrocketed on Monday following the news of ASICs being introduced for mining the ALPH crypto.

ASICs are specialized circuit devices that effectively enhance mining efficiency, offering higher hash rates, improved energy efficiency, and increased decentralization. These hardware is used in the proof-of-work (PoW) mechanisms.

ASICs are designed to perform a single computational task very efficiently, in this case, mining a specific cryptocurrency. By introducing ASICs for Alephium (ALPH), Bitmain seeks to enhance its blockchain network’s next efficiency, security, and sustainability level.

This breakthrough positions Alephium (ALPH) for significant growth and market adoption, drawing parallels to the growth witnessed by Kaspa (KAS) with the assistance of ASIC mining.

Currently, its price is valued at $1.90. Alephium (ALPH) has the potential to reach $52-$55 if it matches the Kaspa (KAS) market cap of $4.404 Billion, which, as of writing, exceeds 2750% larger than ALPH’s $159.45 Million. It marks a momentous moment for Alephium (ALPH) in the blockchain space.

Alephium (ALPH) Price Analysis: Alephium (ALPH) crypto optimized by 72.72% in market value and by huge gains of more than 232% in trading volume in the last 24 hours, as per the Coinmarketcap.

In terms of market cap, it ranks 272nd, and it’s gradually taking a pace, which has already reached $161.497 Million. Its trading volume amounted to $10.782 Million.

The liquidity appears moderate to good, as the 24-hour volume-to-market cap ratio stands at 6.47%. As per the tokenomics, it has a lifetime max supply capped at 1.0 Billion ALPH, where the total coin created counts the supply of 199.651 Million ALPHs.

83.934 Million ALPHs are circulating in people’s hands out of the total supply, which makes the total 8.39%, and its FDV stands at $1.927 Billion.

Alephium (ALPH) Surges 78% on ASICs News by Bitmain: Here's What It Alephium (ALPH) Surges 78% on ASICs News by Bitmain: Here's What It Alephium (ALPH) Surges 78% on ASICs News by Bitmain: Here's What It Alephium Surges 78% on ASICs News by Bitmain

Alephium (ALPH) Surges 78% on ASICs News by Bitmain: Here's What It Alephium Surges 78% on ASICs News by Bitmain

Alephium (ALPH) Surges 78% on ASICs News by Bitmain: Here's What It Alephium Surges 78% on ASICs News by Bitmain

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