Kaspa (KAS) has been known for major price spikes with little time for retracement since its launch. It has risen in the crypto ranks and is now a top 35 crypto by market cap despite not yet getting listed on major crypto exchanges like Binance and Coinbase.
The price is now exactly exhibiting a similar price path to that of Cardano’s in the last bull rally, which suggests that KAS is on the verge of a significant price surge. This was made known by Cryptocurrency analyst MaxBecauseBTC in a post on X.
Analyst Predicts Kaspa’s Ascent to Top 10 Status
MaxBecauseBTC has predicted Kaspa’s future performance. According to Max, KAS is following a trajectory similar to that of ADA during the previous market cycle. This pattern, he argues, preceded ADA’s climb from a mid-cap altcoin to a top-10 cryptocurrency by market capitalization.
Max emphasizes the urgency for investors to consider acquiring KAS before what he believes will be a breakaway moment. He points out that once Bitcoin enters price discovery mode, favorable entry points for KAS may become scarce.
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Show less –
Read Also: Helium Price Pumps 20%, Analyst Explains Why He’s Bullish On HNT
To support his point, Max highlights ADA’s performance in 2021, where it experienced a 20-fold increase following Bitcoin’s price discovery phase.
MaxBecauseBTC’s analysis extends beyond mere price predictions. He positions Kaspa as potentially the most exciting new Layer 1 blockchain of the current crypto cycle. This assessment is based on the project’s technological advancements and its growing ecosystem.
KRC-20 Launch Expected to Catalyze Price Movement
Adding to the bullish sentiment, analyst CryptOG has shared insights on Kaspa’s weekly chart, suggesting that the cryptocurrency is primed for a significant move. CryptOG’s analysis focuses on the upcoming launch of KRC-20, Kaspa’s token standard, scheduled for August. This event is expected to be a major catalyst for KAS’s price action.
$KAS on a weekly looking primed to go.With successful KRC-20 launch in August I expect for #kaspa price to rise up to $0.28 till the and of August.And this will be quick. Don't fade #KAS around 17 cents.We may never see this price level again. pic.twitter.com/fojHAce6h1
— CryptOG (@realhus2) July 16, 2024
CryptOG predicts that following the successful implementation of KRC-20, Kaspa’s price could surge to $0.28 by the end of August. The analyst advises caution to those considering selling around the $0.17 mark, suggesting that this price level may not be seen again soon.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Analyst Says Kaspa is Doing ‘Exactly’ What ADA Did Last Cycle – KAS Price to Hit $0.28 in August appeared first on CaptainAltcoin.