Kaspa (KAS) has quickly become known for its rapid price increases since its introduction to the market. Despite not being listed on major exchanges such as Binance and Coinbase, it has climbed the ranks to become one of the top 35 cryptocurrencies by market capitalization.
Currently, the price trajectory of KAS mirrors that of Cardano’s during its last bull run, indicating a potential upcoming surge in value. This comparison was highlighted by cryptocurrency expert MaxBecauseBTC in a recent post on X.
Kaspa Poised for Top 10 Cryptocurrency Status, Analyst Suggests
MaxBecauseBTC has shared his insights on Kaspa’s potential growth, drawing parallels with ADA’s previous market performance. He suggests that KAS could follow a similar path, propelling it from a mid-tier altcoin to a top-10 contender in terms of market capitalization.
Max urges investors to consider KAS now, before it potentially takes off in value. He notes that once Bitcoin enters a new phase of price discovery, it may be more challenging to find favorable entry points for investing in KAS.
KRC-20 Launch Anticipated to Drive Kaspa’s Price
Adding to the positive outlook, another analyst known as CryptOG has examined Kaspa’s weekly chart and foresees a significant price movement on the horizon. The anticipated launch of KRC-20, Kaspa’s token standard, in August is expected to act as a catalyst for this price movement.
CryptOG predicts that with the successful launch of KRC-20, the price of KAS could rise to $0.28 by the end of August. He cautions against selling at the current $0.17 level, hinting that such prices may not return in the near future.
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This article originally appeared on CaptainAltcoin.
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Source: captainaltcoin.com