In a YouTube analysis, analyst Crypto Kai sheds light on Kaspa’s (KAS) performance as it approaches its all-time high. The video provides a comprehensive overview of Kaspa’s price surge, technical analysis, and future potential. Significantly, Kai predicts a possible price rally for the coin, citing its predictable patterns and upcoming major exchange listings.
Kaspa (KAS) Price Prediction
Kaspa’s price has been on an upward trajectory, reaching 17 cents and inching closer to its all-time high. This surge aligns with Crypto Kai’s previous predictions when Kaspa was trading around 13-14 cents. Moreover, at press time, Kaspa is trading at $0.18, representing a 2.83% increase in the last 24 hours and a substantial 27.84% rise in the past week.
Kai describes Kaspa as “one of the easiest cryptos to predict” due to its consistent pattern of consolidation followed by uptrends. Using Fibonacci analysis, he identifies the next potential high at approximately 24 cents.
However, he emphasizes that Kaspa’s performance is heavily influenced by Bitcoin’s movements. “If Bitcoin goes on another rally, then yes, we’re definitely going to see those new all-time highs for Kaspa,” Kai states.
Related: This Concept Predicts Kaspa to Hit $30: Will Bitcoin’s Rally Ignite KAS Price Surge?
Market Indicators and Altcoin Season
The video also explores broader market indicators that could impact Kaspa’s price. Bitcoin’s dominance is a key factor, as its decline often signals the start of an altcoin season. Kai notes, “Bitcoin dominance is actually low right now and it’s actually sort of falling… that means altcoin season could actually be on the horizon.” This trend is favourable for altcoins like Kaspa, which are performing well despite market consolidation.
Besides technical analysis, Kai highlights Kaspa’s strong fundamentals and upcoming catalysts. He believes Kaspa remains a good buy at 17 cents, citing its robust technology as a proof-of-work layer 1 coin without pre-sales or ICOs.
Additionally, its strong community support adds to its appeal. “In my opinion, Kaspa is guaranteed money… it still has multiple catalysts,” Kai asserts.
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KAS Future Listings and Price Potential
One of the most significant catalysts for Kaspa is its anticipated listing on major exchanges. Kai predicts, “The fact that it doesn’t have tier-one listings is so bullish… when Kaspa gets listed on some of these exchanges, it would pump another 50 to 100%.”
He expects Kaspa to be listed on renowned platforms like Coinbase, Binance, Crypto.com, and Kraken, which could dramatically boost its price.
In the broader market context, various sectors show mixed performance. While some meme coins are cooling off after massive pumps, Kaspa maintains its momentum. Consequently, Kai remains confident in Kaspa’s long-term potential, forecasting price increases within the next year.
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The post Kaspa Price Among ‘Easiest Cryptos to Predict’ Right Now: KAS Analyst Sees New All-Time High – Here’s Their Outlook appeared first on CaptainAltcoin.