Kaspa (KAS) has been drawing comparisons to Solana’s (SOL) remarkable rally in 2020, with many supporters pointing out similarities in both price action and market sentiment. Recent discussions on X (formerly Twitter) have seen Kaspa advocates referencing historical trends that suggest the potential for significant price gains.
Crypto enthusiasts are speculating that Kaspa could follow a similar path to Solana, which saw a meteoric rise from a low valuation to a market high. This speculation has fueled conversations about Kaspa’s long-term potential.
Kaspa Enthusiasts Draw Parallels to Solana’s 2020 Market Surge
Crypto user @tkalakaspa highlighted the similarities between Kaspa’s current trajectory and Solana’s historic rise. They noted that Solana dropped from $5 to $1 in late 2020, with many doubting its potential. However, in 2021, Solana experienced a massive rally, reaching a peak of $260.
$KAS giving me Solana vibes in late 2020 where it went from $5 to $1 and everyone started to leave saying it is done.
Then in next year 2021 it went on a run reaching $260 at peak.For everyone saying $10 for #Kaspa is unrealistic by end of 2025 I guess you were not there in… pic.twitter.com/76mAMVkXbO
— tkala (@tkalakaspa) November 5, 2024
For context, Solana’s market capitalization surged from $80 million to $60 billion during this period. Kaspa backers believe this comparison highlights the potential for significant upward movement, emphasizing that market sentiment alone doesn’t dictate a project’s ceiling.
The tweet also suggests that some investors are hesitant to predict Kaspa’s rise to $10 by 2025, much like early skeptics of Solana. By drawing on historical examples, @tkalakaspa hints at the unpredictability of crypto markets and the potential for exponential growth.
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Chart Analysis Suggests a Bullish Kaspa Trend
Another tweet from crypto analyst @realhus2 also signals optimism, predicting that Kaspa could soon reach $0.50. They pointed to a weekly green candle closing as a sign of support, which could lay the foundation for further gains.
Well well, look who’s came back from the dead. $KAS 🔥🔥🔥
All this has been written in the charts.Close weekly green candle here as confirmation of support retest and send it to 50 cents. #kaspa pic.twitter.com/5Xt4UUZq6B