Kaspa (KAS) is drawing comparisons to Solana’s (SOL) explosive rally in 2020, with supporters noting similarities in price action and market sentiment. In exchanges lately on X, Kaspa advocates pointed to historical trends that suggest the potential for substantial price gains.
Crypto enthusiasts see a potential echo of Solana’s journey from a low valuation to a market high, and speculation around Kaspa’s long-term potential has spurred discussions.
Kaspa Enthusiasts See Similarities to Solana’s 2020 Market Journey
Crypto user @tkalakaspa highlighted parallels between Kaspa’s current trajectory and Solana’s historic rise. They referenced Solana’s increase from $5 to $1 in late 2020, where initial signs of doubt turned into a steep rally in 2021, ultimately taking SOL to $260 at its peak.
$KAS giving me Solana vibes in late 2020 where it went from $5 to $1 and everyone started to leave saying it is done.Then in next year 2021 it went on a run reaching $260 at peak. For everyone saying $10 for #Kaspa is unrealistic by end of 2025 I guess you were not there in… pic.twitter.com/76mAMVkXbO
— tkala (@tkalakaspa) November 5, 2024
For context, Solana’s market capitalization grew from $80 million to $60 billion during this period. This comparison underscores the possibility of significant upward movement, according to Kaspa backers who suggest that market sentiment alone does not determine the ceiling for a project.
The tweet further suggests that some investors are hesitant to predict Kaspa’s rise to $10 by 2025, similar to how Solana’s early skeptics doubted its potential. By drawing on historical examples, @tkalakaspa’s post hints at the unpredictability of crypto markets and the potential for exponential growth.
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Chart Analysis Points to a Bullish Kaspa Trend
Another tweet from crypto analyst @realhus2 also signals optimism, with a prediction of Kaspa reaching $0.50 soon. They noted a weekly green candle closing as an indicator of support, which could establish a foundation for further gains.
The analyst interprets this support retest as a positive sign, suggesting a potential continuation toward higher targets if Kaspa sustains its upward momentum.
Well well, look who's came back from the dead. $KAS All this has been written in the charts.Close weekly green candle here as confirmation of support retest and send it to 50 cents. #kaspa pic.twitter.com/5Xt4UUZq6B
— CryptOG (@realhus2) November 5, 2024
With Kaspa’s price at $0.1195, according to CoinGecko data, the token has risen by 13.61% in 24 hours and by 12.20% over the past week. This surge aligns with rising trading volume, which reached $119,700,996 in the last 24 hours, reflecting renewed interest in the project.
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The post Kaspa (KAS) Price Shows Parallels to Solana’s Historic 260x Rally: Is History About to Rhyme? appeared first on CaptainAltcoin.
