๐๐ผ๐๐น๐ฑ ๐๐ฎ๐๐ฝ๐ฒ๐ฟ ($๐๐๐ฆ) ๐๐ถ๐ $๐ฎ ๐ง๐ต๐ถ๐ ๐๐๐น๐น ๐ฅ๐๐ป? ๐๐ฒ๐ฟ๐ฒ'๐ ๐ช๐ต๐ ๐๐'๐ ๐ฃ๐ผ๐๐๐ถ๐ฏ๐น๐ฒ
Kasper (KAS), an on-chain cryptocurrency with a maximum supply of 28 billion and a circulating supply of around 24 billion, has been making waves in the crypto space.
With a current market cap of $4 billion, KAS has already surged by over 3,900% since 2023.
But the big question is: can it reach $2 in this bull run from its current price of $0.166?
Hitting this target would place its market cap at $48 billion. Is this achievable?
Letโs explore by looking at similar projects that have achieved massive growth in previous bull markets:
1. Polkadot (DOT): In November 2021, Polkadot reached a market cap of over $50 billion, with its price peaking around $55. It had a market cap of just $4.5 billion in 2020. If Polkadot, with an infinite maximum supply, could scale from $4.5 billion to $50 billion, there's a strong argument that KAS, with its more limited supply, could follow a similar trajectory.
2. XRP: XRP hit a market cap of $83 billion in April 2021, with its price reaching $1.96. In 2020, it had a market cap of just $9 billion. This exponential growth shows that significant gains are possible for established projects in bull runs, and KAS could replicate this.
3. Cardano (ADA): ADA's market cap soared to $90 billion in 2021, up from just $3.6 billion in 2020. Like $KAS, ADA's early market cap was relatively modest before it experienced explosive growth.
Other notable mentions include Shiba Inu and Dogecoin, meme coins that also achieved astonishing market caps during bull markets, despite their lack of fundamental utility.
If these cryptocurrencies, many of which have larger supplies than KAS, could achieve such market caps, itโs certainly within the realm of possibility for Kasper to reach $2, or even beyond, in the upcoming bull run.
#NeiroOnBinance #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #FTXSolanaRedemption #GrayscaleXRPTrust