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Jesse Ai, a cryptocurrency analyst, has shared insights into the potential of Kaspa during the upcoming bull run, asserting that a price of $0.50 is just the beginning for the digital asset.
According to Ai, Kaspa has been forming a broadening wedge pattern over the past year. He highlights a strong support level at $0.10, which he attributes to “gamma support” associated with the introduction of Binance Futures.
This concept is likened to Bitcoin’s support level of $35,000, which was established following the launch of Coinbase Futures.
Read Also: Ripple (XRP) Price to Have an “Easy Path” to $8 Once This Resistance Breaks
Strategic Positioning for Bull Run
Ai explains that these “gamma support” levels are carefully managed by investment bankers to safeguard their initial investments in Bitcoin ETFs and Marathon Digital’s Kaspa hardware.
He predicts that with the implementation of the 10BPS upgrade and a potential pause in quantitative tightening by the Federal Open Market Committee (FOMC), Kaspa is primed for significant price growth. Ai envisions the bull run starting at $0.50, with the cryptocurrency targeting a position among the top 15 largest market capitalizations.
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