Cryptocurrency expert Tommy Does Crypto recently shared a video analysis where he made a strong case for the potential price movement of Kaspa (KAS). He highlighted an 8-month fractal pattern that Kaspa seems to be following, indicating that the digital currency might be in the last phase of a shakeout before experiencing a significant price increase.
Tommy Does Crypto has pinpointed July as the likely time for Kaspa’s next major price peak, based on the timing of peaks in previous 8-month cycles. He suggests that starting from July 10th, there could be a prime opportunity for a substantial rise in Kaspa’s value.
The prediction is that Kaspa’s price could climb above $0.40, based on the 8-month fractal pattern and past price trends. Despite recent market pressures due to Bitcoin ETF outflows, the analyst believes this downward trend may be temporary.
Additionally, Tommy speculates that trading for Ethereum ETFs could begin by July 2nd, potentially leading to increased interest and investment in larger altcoins.
The video analysis also covers various positive developments specific to Kaspa, such as growth in hash rate, scalability, rust migration completion, and the upcoming launch of KC20 tokens on Kaspa’s network. These factors, combined with the technical analysis, lead Tommy Does Crypto to suggest that holding or even accumulating more Kaspa at current prices could be a wise decision.
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Overall, the analysis points to a potentially lucrative period for Kaspa in the near future.”
Source: captainaltcoin.com