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Crypto analyst Jim, also known as S𐤊i ₿um (@Cryptographur on X), recently shared his thoughts on Kaspa’s (KAS) price trajectory. According to him, Kaspa could potentially reach its all-time high (ATH) faster than Bitcoin.
These insights from Cryptographur come at a time when Kaspa is showing a strong market presence, with a rising hash rate that has caught the attention of the crypto community.
Kaspa’s Market Standing
In Cryptographur’s view, Kaspa has been holding its ground in the market. “Every dip is bought,” he observed, signaling robust buyer interest in the token.
$KAS is consistently winning. Every dip is bought.
There is no coin in the Top 100 that is closer to its all time high than #Kaspa, and that is including $BTC.
There is a land grab in effect. Hash rate is parabolic. Price is outperforming everything else in crypto. pic.twitter.com/HTLHVrtL5R
— Jim, S𐤊i ₿um
(@Cryptographur) September 10, 2024
The analyst further noted that among the top 100 cryptocurrencies, Kaspa is currently the closest to its ATH, even surpassing Bitcoin in this regard.
Cryptographur also highlighted the rapid increase in Kaspa’s hash rate, describing it as “parabolic.” This surge typically reflects enhanced network security and growing confidence among miners.
Additionally, Kaspa’s price has been outperforming other cryptocurrencies, according to the analyst.
Kaspa Price Analysis
Analyzing Kaspa’s daily price chart on TradingView reveals several critical levels and potential scenarios for the token’s price movement. Currently, Kaspa is trading at $0.1628, with its ATH standing at $0.2075.
Source: captainaltcoin.com