Crypto expert Jim recently pointed out the potential for Kaspa (KAS) price growth in his latest analysis. Despite KAS’s consistent price around $0.14, it has begun to reach new heights, leading investors to re-evaluate its potential market cap.
Jim believes that KAS could achieve market cap levels similar to leading cryptocurrencies such as ADA and ETH. His analysis explores the possible market caps for KAS, referencing Cardano’s (ADA) previous cycle peak market cap of $90 billion, and suggests that KAS could reach a price close to $4.00. This projection takes into account the circulating supply and demand dynamics, with Fibonacci extensions providing a mathematical framework for potential price movements.
A key point in Jim’s analysis is KAS’s ability to draw liquidity from Bitcoin (BTC), with many investors, including Jim himself, selling their BTC to invest in KAS. This trend highlights KAS’s unique appeal and its ability to attract capital from the largest asset in the crypto market, setting it apart from other altcoins.
Jim also argues that KAS aligns more closely with Bitcoin’s original vision than Bitcoin itself, offering scalable, stateless money and functioning as an effective decentralized payment system on the base layer. He believes this is something Bitcoin will never achieve, despite Satoshi Nakamoto’s initial intentions.
The foundation of KAS is built on over a decade of research aimed at scaling Bitcoin, with contributions from renowned researchers who have worked on major projects like ETH, ADA, and XRP. This extensive research background places KAS among top cryptocurrencies, enhancing its credibility and growth potential.
Jim concludes by reminding readers that his analysis is based on personal opinion and that time will ultimately prove or disprove his projections. He encourages investors to stay vigilant and monitor KAS’s performance in the crypto industry. With strong fundamentals and unique positioning, KAS has the potential to achieve high market caps and become a significant player in the crypto market.
Captain recently achieved his first 100x among several 2-5x gains. To be part of a profitable community and receive future calls, join their FREE Telegram group.
The post How Kaspa Price Could Hit $4 – Hint: Traders Sell Their Bitcoin to Invest in KAS first appeared on CaptainAltcoin.”
Source: captainaltcoin.com