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According to industry experts, a decline in cryptocurrency prices often presents an excellent opportunity for investors to buy. However, the reality is that many individuals tend to panic and avoid crypto investments during these periods, missing out on potential gains.
This behavior concerns cryptocurrency analyst Kenny, the creator of the popular YouTube channel Conor Kenny, which boasts over 270,000 subscribers.
In a recent analysis shared on his channel, Kenny delves into a critical question for crypto investors: Why do people frequently buy at higher prices instead of capitalizing on value opportunities? He highlights the common tendency of traders to invest during hype-driven peaks, often at resistance levels, while ignoring promising opportunities during quieter market phases.
Kaspa’s Promising Momentum
Kenny observes that Kaspa has started gaining traction after a prolonged period of price consolidation. The token has risen to $0.15, following an extended phase of stability around $0.10. What makes Kaspa’s performance noteworthy, as Kenny points out, is its historical trajectory—an incredible 880,000% increase over two years, followed by a quieter phase.
During the previous Kaspa bull run, many investors bought in at price points like $0.15, $0.18, $0.21, and even $1.92, only to face substantial losses. Kenny reveals that his channel consistently advocated for dollar-cost averaging during these pullbacks, combining spot market purchases with low-leverage positions. This strategy has recently resulted in an 84% gain for his followers.
Looking ahead, Kenny predicts that Kaspa could revisit its previous all-time high, representing a 100% increase from the $0.10 level. He also speculates on a more ambitious 10x growth, envisioning its market cap rising from $3 billion to $30 billion, provided it achieves similar user adoption levels as SUI.
Read Also: How Much Will 30,000 VeChain (VET) Tokens Be Worth in 2025 When Bitcoin Hits $200K?
SUI’s Bullish Potential
Turning his attention to SUI, Kenny highlights an intriguing market pattern. While other cryptocurrencies are experiencing upward trends, SUI is currently in a consolidation phase. Based on historical trends, Kenny suggests that such periods of consolidation often precede significant price surges.
The analyst notes that SUI is testing support levels, which have historically presented excellent entry points for investors. He identifies a potential bull flag or wedge pattern forming, reminiscent of previous successful breakout scenarios.
Adding weight to SUI’s potential, Kenny references a recent interview with Eric Trump, where SUI was mentioned alongside Bitcoin, Ethereum, and Solana as one of his top holdings. Additionally, he cites That Martini Guy’s bold prediction of SUI reaching $50, which would value the project at $130 billion. This projection is based on Bitcoin reaching $250,000 and Ethereum achieving prices between $10,000 and $14,000.
The Role of Adoption
Kenny emphasizes that SUI’s potential lies in its widespread adoption.”
Source: captainaltcoin.com