The popular YouTuber known as ‘On The Go Crypto’ has recently issued a critical alert to all Kaspa (KAS) investors, advising them to be ready to part with their holdings when the time is right.
The content creator highlights the significance of having an exit strategy in place and shares his perspective on the matter.
‘On The Go Crypto’ starts off by debunking the common belief that one should hold onto their cryptocurrency investments indefinitely. He explains that being prepared to sell Kaspa at the optimal moment is crucial for investors.
He cautions against the unrealistic idea of perpetual holding, reminding his audience that the primary goal for most crypto investors is to eventually sell for a profit.
Kaspa’s Market Movements and Initial Investors
The analyst points out the recent erratic price behavior of Kaspa, presenting a 24-hour chart that indicates a significant drop. He refers to this as a “reality check,” highlighting that even cryptocurrencies with potential like Kaspa are not immune to market swings.
He mentions those who invested early in Kaspa around June 2022, when the token’s value was as low as $0.0002.
He notes that these early investors have seen considerable gains and could be inclined to sell if the price continues to climb.
Forecasting Kaspa’s Value and Comparisons
Comparing Kaspa with Cardano (ADA), the YouTuber suggests a potential price range for Kaspa:
- If Kaspa reaches the current ADA market cap, it could be valued at around $0.60
- Should it hit ADA’s peak market cap, Kaspa could soar to nearly $4
‘On The Go Crypto’ anticipates that Kaspa’s price might hit $0.60 before year-end and expects further surges in the upcoming spring and summer seasons.
He underscores the necessity of a strategic plan for selling. He advises investors to consider gradually selling their stakes as Kaspa nears potential peak levels. He also points out that individual selling strategies will vary based on different entry points.
The analyst briefly discusses the forthcoming KC20 token standard for Kaspa, advising investors to remain patient during its introduction. He believes any initial issues will be resolved over time and suggests waiting for the ecosystem to develop before making any moves.
In conclusion, ‘On The Go Crypto’ reemphasizes the importance of being ready to sell Kaspa when the appropriate moment arrives.