Analyst Explains Why $0.50 Is Just the Starting Point for Kaspa (KAS) This Bull Run
Jesse Ai, a cryptocurrency analyst, discusses the potential of Kaspa in the bull run, suggesting that the price of $0.50 is just the starting point.
He points out that Kaspa has been developing an expanding wedge pattern over the last year, with a solid support level at $0.10, which he attributes to the 'gamma support' linked to the introduction of Binance Futures.
This concept reflects Bitcoin's own support level at $35,000, established with the launch of Coinbase Futures.
Read also: The price of Ripple (XRP) will have an 'easy path' to $8 once this resistance breaks.
Strategic Positioning for the Bull Run
According to Ai, these levels of 'gamma support' are strategically managed by investment bankers to protect their initial investments in Bitcoin ETFs and the hardware of Kaspa from Marathon Digital.
He anticipates that as the 10BPS upgrade is implemented and the Federal Open Market Committee (FOMC) pauses quantitative tightening, Kaspa is well positioned for substantial price increases, starting the bull run at $0.50 and aiming for a place among the top 15 market capitalizations.
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