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Crypto analyst GoonBoyCrypto recently shared insights on X regarding the correlation between Kaspa’s price and its market capitalization. According to his analysis, if Kaspa were to hit a price of $1, its market cap would be around $23.6 billion. A surge to $5 would push that valuation to approximately $118 billion, while a $10 price point would mean a staggering $236 billion market cap.
But how feasible are these projections? Examining past market trends provides some perspective. In 2018, the total cryptocurrency market cap peaked at $534 billion, with Bitcoin commanding 60%, Ethereum 25%, and XRP holding about 15%. Fast forward to 2021, and the market had expanded significantly to $2.62 trillion, with Bitcoin at 45%, Ethereum at 20%, and Cardano securing 4%.
Based on the analyst’s post, if this bull cycle propels the total crypto market to $7 trillion and Kaspa captures just 2% of that, its market cap could reach $140 billion. This would place the token’s price well above $5.
Kaspa’s Recent Developments Strengthen Its Market Position
Kaspa has made notable strides in recent weeks, reinforcing its fundamentals. As mikroweller highlights, several key advancements have taken place:
- The Crescendo upgrade has been initiated, enabling Kaspa to process 10 blocks per second. This significantly enhances the network’s scalability and transaction throughput.
- Preliminary discussions with Tether are underway regarding the potential launch of a stablecoin on the Kaspa blockchain, which could introduce increased liquidity and utility.
- Kaspa was recognized with the “Best Blockchain Innovation!” award at Crypto Expo Europe, underscoring its growing industry recognition.
“Best Blockchain Innovation!” at @CryptoExpoEu
Great work @kaspador_!
Thanks @Kaspa_KEF for your support and efforts in Romania! https://t.co/ODQHxXKAqs— Kaspa (@KaspaCurrency) March 3, 2025
These fundamental improvements play a crucial role in long-term value creation. While price volatility is inevitable, strong technological and market fundamentals provide a solid foundation for sustainable growth.
Read Also: Top Ripple Analyst Makes Bold XRP Price Prediction—Here’s the Outlook
If Kaspa continues to innovate and”
Source: captainaltcoin.com