The Kaspa (KAS) price is surging today, and it’s now very close to breaking its previous all-time high of around $0.18, set in February of this year. This rally comes after a few months of relatively slow price action for Kaspa, where it didn’t move much but also didn’t lose significant value.
This stability suggests that Kaspa holders have strong long-term belief in the project, despite the lack of price movement during that period. Let’s dig into Kaspa price forecast and analysis by some prominent crypto traders.
Kaspa (KAS) Price Analysis and Expert Sentiments
Crypto enthusiast Max has been vocal about his belief in Kaspa’s potential for months. “I am once again reminding you that $KAS is about to go significantly higher,” he stated on X.
Max’s conviction in KAS’s future is unwavering, as he urges followers not to miss this opportunity. Additionally, he suggests that the next leg up for Kaspa will begin once Bitcoin (BTC) re-enters price discovery mode.
Another analyst, Jim, shares this bullish sentiment. He points out that not only has the KAS/USD pair flipped important levels, but the BTC pair has also done so. Jim predicts,
“We are about to witness a devaluation of #Bitcoin relative to $KAS.” His confidence in Kaspa is so strong that he maintains a 100% KAS portfolio, reflecting his belief that “conviction pays.”
Related: Kaspa Predicted to Rally to These Next Targets: Why Analysts Think KAS Will Surge to Top 10 Cryptos
Kaspa’s Market Performance
Jim further highlights Kaspa’s noteworthy market performance. At the time of writing, KAS sits at rank #26 on CoinMarketCap. He notes that almost everything above it is a household name from the last cycle, except for PEPE.
“The market is speaking, and it appears to be choosing $KAS to be a winner this cycle,” Jim asserts, advising investors to “focus on value, not price.”
Per the latest data from CoinMarketCap, Kaspa’s price is $0.173919, with a daily trading volume of $216,316,409. Moreover, KAS has shown strong momentum, surging 17.97% in the last day. These figures underscore the growing interest and investment in KAS.
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Kaspa (KAS) Price Predictions
X user Crypt0Proselyte provides a fascinating perspective on Kaspa’s potential future value. Using power law trajectory, they have projected KAS prices for January of upcoming years:
2025: $0.5
2026: $1.6
2027: $4
2028: $8.5
2029: $16.5
2030: $30
Significantly, the power law model shows a strong fit with an R² value of 0.95. However, Crypt0Proselyte cautions that these are theoretical values based on Kaspa’s power law, and actual prices might vary greatly. They stress that this is not financial advice.
Kaspa (KAS) is emerging as a token to watch. Industry experts like Max and Jim are not just bullish but have been consistently advocating for KAS’s potential over months. Their conviction is backed by Kaspa’s market performance, ranking #26 on CoinMarketCap and showing strong price momentum.
Furthermore, projections based on power law suggest a promising future for KAS, with potential prices reaching up to $30 by 2030.
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The post This Concept Predicts Kaspa to Hit $30: Will Bitcoin’s Rally Ignite KAS Price Surge? appeared first on CaptainAltcoin.