Crypto Archie posted a video discussing whether Kaspa (KAS) can reach $5 during the current crypto bull run. The speaker has conducted calculations to estimate Kaspa’s potential market cap and price.
Market Cap and Price Calculations
A crypto only had to have a market cap of around $80 billion to be in the top 5 in 2021. A lot has changed now, and more money has entered into the market.
The speaker predicts a 2-3x increase in total market cap from the last bull run, estimating around $7.5 trillion. In this cycle, a crypto needs to be in the top five around $160-240 billion market cap to be in the top 5.
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Kaspa (KAS) currently has a market cap of $4.3 billion. To reach the top five, Kaspa would need to increase by approximately 37-55x, translating to a price of $6-10 per Kaspa coin.
The speaker’s realistic prediction for Kaspa is between $3-4 during this bull run, potentially reaching the top 10 but not the top five. A 15-20x increase from the current price is seen as more likely.
Influences and Market Sentiment
He cited some influencers like Da Vinci Jeremy, who has expressed bullish sentiments about Kaspa for long-term holding.
Influencers like Michael Saylor or Cathie Wood expressing support could impact the price positively.
Long-Term Outlook
In the long term, the speaker is highly bullish on Kaspa, predicting it could be in the top five in a couple of bull runs. He advises holding some Kaspa for the long term, beyond just this bull run.
The analyst still emphasized the importance of diversifying investments and not holding a large percentage of one high-risk asset.
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The post Can Kaspa (KAS) Reach the Top 5 Cryptos This Bull Run? appeared first on CaptainAltcoin.