Despite the recent downturn in the cryptocurrency market, one altcoin named Kaspa has been making waves and capturing the interest of market experts. Kaspa (KAS) has seen a surge in value even as other cryptocurrencies face a slump. Market analysts attribute Kaspa’s success to its distinctive 8-month cycle that seems to be propelling its growth.
Crypto expert “Planš¤” (@MikoGenno) has noted that Kaspa operates on a unique adoption curve and cyclical pattern that differs from the general market trends. Planš¤ shared insights on Twitter, stating, “Kaspa’s trading pattern involves an 8-month cycle with a smaller 4-month cycle within it. The first 4-month cycle leads to a minor peak, followed by another 4-month cycle that results in a larger peak.”
Planš¤ also pointed out that Kaspa’s fast emission schedule contributes to a quicker reduction in supply, which in turn creates these impactful 8-month cycles. This is different from Bitcoin’s 4-year halving cycle, as Kaspa experiences these cycles more frequently and they have a more pronounced effect on its price.
Market analysts are predicting a significant breakout for Kaspa. Analyst Tommy Does Crypto (@TommyDoesCrypto) observed that Kaspa’s previous breakout happened exactly 78 days after its last all-time high. At the time of his analysis, Kaspa was at day 77 from its most recent peak, hinting at an upcoming breakout.
Tommy Does Crypto’s analysis proved to be accurate as Kaspa’s value increased by 13% within 10 hours of his forecast, marked by a notable “god candle” on the hourly chart. He now anticipates that Kaspa will reach its all-time high of $0.18 in the next two weeks.
Another analyst, Gem Queen (@_GemQueen), shares an optimistic view, suggesting that the $KAS chart is “primed for another significant breakout.” She targets an initial price of $0.20 but believes that this won’t be the last achievement for Kaspa, as it aims to enter the top 10 cryptocurrencies by market cap during this bullish phase.
As Kaspa continues to defy the downward trend in the market, experts remain positive about its prospects, attributing its performance to its distinct emission schedule and cyclical patterns. With expectations of reaching a new all-time high soon, the crypto community is keeping a close eye on Kaspa’s progress in the upcoming weeks.
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The post Why Is Kaspa Pumping While The Crypto Market Is Down? Analysts Reveal When KAS Will Reach New ATH and Target for This Bull Cycle first appeared on CaptainAltcoin.
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Source: captainaltcoin.com