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Crypto influencer Money and I recently explored a pressing topic on the minds of many investors: Can Kaspa still achieve its ambitious $1 price target during this bull cycle, or has the opportunity passed? Kaspa’s recent price action has been less bullish than what its holders are accustomed to, sparking concerns within the Kaspa community.
Despite the broader crypto market showing widespread declines, Money and I highlighted an intriguing exception: Kaspa. The cryptocurrency posted a modest 1.7% gain, trading at approximately 11.5 cents at the time of their analysis. According to the influencer, Kaspa has consistently demonstrated resilience, finding strong support near the 10-cent level even in challenging market conditions.
Money and I emphasized the importance of investor sentiment in influencing Kaspa’s price trajectory. While some investors may struggle to see Kaspa reaching the $1 milestone given its recent performance, the YouTuber stressed the importance of conviction in investment decisions. He stated:
“If you’re a Kaspa holder and you’ve done your research, whether it’s up 1% or down 500%, as long as you know what you hold, you should be fine.”
The influencer advocates for a balanced investment strategy. While some investors have gone all-in on Kaspa, he recommends building a portfolio of carefully selected cryptocurrencies that align with one’s research and understanding.
He further explained that the key to successful investing lies not in over-diversification but in having a deep understanding of the chosen assets. Among his high-conviction picks, he includes Kaspa and Saito.
Read Also: Kaspa Price Prediction: Here’s How Much $40,000 KAS Could Be Worth in 2025
Kaspa Technical Analysis and Market Outlook
According to Money and I, technical indicators show that Kaspa experienced bearish momentum on January 7th, testing but ultimately holding above the support levels established on December 21st. Despite this, he maintains a bullish long-term outlook for Kaspa, particularly for 2025, citing the extended period of consolidation and the accumulation of positive factors.
Within the Kaspa ecosystem, the influencer identified potential opportunities in specific KAS meme coins, such as Nacho, Kango, Caspi, and Casper. However, he views other offerings primarily as trading instruments rather than long-term investments.
Kaspa’s Path to $1
Money and I expressed confidence in Kaspa’s potential to exceed the $1 mark during this bull cycle. He drew comparisons to other cryptocurrencies like XRP and Cardano, which faced similar skepticism before experiencing significant price rallies. He remarked, “Kaspa’s got a cult-like following”
Source: captainaltcoin.com