Crypto Archie recently shared a video analyzing whether Kaspa (KAS) could hit $5 in the current crypto bull run. The speaker has performed calculations to estimate Kaspa’s potential market cap and price.
Market Cap and Price Calculations
In 2021, a cryptocurrency needed a market cap of around $80 billion to be in the top 5. However, the market has evolved, and more capital has entered the space.
The speaker anticipates a 2-3x increase in the total market cap from the last bull run, estimating it to be around $7.5 trillion. In this cycle, a cryptocurrency would need a market cap of approximately $160-240 billion to be in the top five.
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Kaspa (KAS) currently has a market cap of $4.3 billion. To reach the top five, Kaspa would need to increase by approximately 37-55x, translating to a price of $6-10 per Kaspa coin.
The speaker’s realistic prediction for Kaspa is between $3-4 during this bull run, potentially reaching the top 10 but not the top five. A 15-20x increase from the current price is seen as more likely.
Influences and Market Sentiment
He mentioned influencers like Da Vinci Jeremy, who has shown bullish sentiments about Kaspa for long-term holding.
Influencers such as Michael Saylor or Cathie Wood expressing support could also positively impact the price.