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Kaspa has faced continued challenges, with the KAS price dropping over 15% in the last 48 hours. The price attempted to break a resistance level around $0.11 but failed, leading to a decline below $0.09. Crypto Archie, a well-known YouTube content creator with more than 85,000 subscribers, believes Kaspa still has the potential to surge to $1 if certain catalysts align.
According to Crypto Archie, Kaspa may have reached its local bottom following the latest market correction. The analyst highlights that the price has returned to the same support level that previously served as a floor during December’s sharp overnight dip.
“Unless we witness another structural breakdown in Bitcoin and the broader altcoin market, I would be very surprised if Kaspa’s price falls below this level,” Archie explains.
The analyst also disclosed that he has been actively accumulating Kaspa during recent price dips, with an average entry price of approximately 4 cents. While he typically avoids buying above 10 cents, Archie found the 8-9 cent range too attractive to pass up, prompting him to issue buy alerts to his VIP group members.
Technical Analysis and Market Sentiment
Crypto Archie acknowledges that sentiment turned bearish when Kaspa deviated from its established power law structure, which had previously indicated a strong upward trend. Additionally, the launch of KC20 contributed to market concerns when it failed to generate the expected trading volume. However, he remains optimistic about Kaspa’s potential to reach new all-time highs in Q1, assuming the broader altcoin market maintains its momentum.
Key Catalysts for Growth
Several factors could contribute to Kaspa’s price surging to $1:
Kaspa’s Increased Block Speed
A major upcoming development is the implementation of 10 Blocks Per Second (BPS) in April. Crypto Archie highlights that this upgrade positions Kaspa ahead of many established cryptocurrencies in terms of transaction speed. “10 BPS on Kaspa is incredibly fast, especially for a proof-of-work coin. It’s truly ridiculous in a good way,” he notes.
Kaspa Smart Contract Implementation
The Kaspa ecosystem is set to expand significantly with the introduction of smart contract functionality. Two development teams are currently working on this feature, with an expected launch in 2025. Archie believes this will transform Kaspa into “the fastest proof-of-work L1, L1.5 SC-powered” platform, potentially gaining global recognition.
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Potential Major Exchange Listings
Crypto Archie has identified accumulation patterns that suggest major exchange listings could be imminent. He points to a specific wallet holding approximately $54 million worth of Kaspa tokens, which continues to make significant purchases. “I strongly believe this is a big exchange—probably the likes of Binance or OKX,” he speculates, suggesting that these listings could materialize this year.
Kaspa Scalability Enhancements
Looking further ahead, Kaspa plans to implement 100 BPS following the Crescendo hard fork, marking another major leap in transaction processing capabilities.