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In the video titled “Why Kaspa Can Hit $5,” crypto analyst Crypto Alen delves into the possibility of Kaspa (KAS) reaching a price of $5 during the anticipated bull market in 2025.
The analyst starts by discussing the current market conditions, noting that Kaspa is currently priced at around $0.17, with a market capitalization of approximately $4.2 billion. He highlights the potential for significant growth by comparing Kaspa’s market cap to the peak valuations of other cryptocurrencies during the previous bull run.
For example, Solana reached a market cap of $78 billion, Cardano hit $91 billion, Binance Coin (BNB) peaked at $109 billion, Dogecoin at $88 billion, and Polkadot at $55 billion.
The analyst also comments on the broader market outlook, suggesting that the total cryptocurrency market cap, which hit around $3 trillion during the 2021 bull run, could climb to as much as $10 trillion by 2025. This would likely result in increased capital inflows into projects like Kaspa.
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A key point raised by the analyst is Kaspa’s technological edge, as it utilizes Directed Acyclic Graph (DAG) technology, which offers enhanced efficiency, speed, and scalability. This gives Kaspa a competitive advantage over other cryptocurrencies.
Looking ahead, the analyst highlights several upcoming developments that could positively impact Kaspa’s future:
Potential listings on major exchanges, which would increase accessibility and attract more investors.
The introduction of smart contracts, which would expand Kaspa’s functionality and put it in direct competition with platforms like Ethereum and Solana.
An upgrade to achieve 10 blocks per second is expected in Q1 2025, which would significantly improve Kaspa’s scalability and transaction speed.
Additionally, the analyst stresses the importance of community support, noting that a strong and active community is crucial for Kaspa’s long-term success.
In conclusion, based on these factors, the analyst believes that Kaspa has a realistic chance of reaching $5 during the next bull market in 2025.
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Source: captainaltcoin.com