In the YouTube video titled “KASPA & SUI BULL RUN PRICE PREDICTIONS (TOP L1s),” a crypto analyst offers a detailed comparison and analysis of two emerging cryptocurrencies, Kaspa and SUI.
The analyst starts by drawing comparisons between Kaspa and established cryptocurrencies like Avalanche, Solana, and Cardano, focusing on their all-time high market caps during the 2021 bull run.
For context, Avalanche reached a peak market cap of around $30 billion, Solana hit approximately $75 billion, and Cardano soared to about $91 billion.
Price Predictions for Kaspa
The analyst provides several speculative price predictions for Kaspa based on these benchmarks:
– If Kaspa reaches Avalanche’s all-time high of $30 billion, its predicted price would be around $1.20.
– Should it reach Solana’s all-time high of $75 billion, the estimated price could rise to approximately $3.
– If Kaspa were to match Cardano’s all-time high of $91 billion, the projected price would be about $3.65.
These predictions are based on current market cap comparisons and the circulating supply, with the analyst emphasizing their speculative nature.
Read Also: Why Is Ripple (XRP) Price Not Moving? Crypto Analyst Weighs In
Calculating Potential Returns
The analyst suggests using tools like Coin Perspective to evaluate potential returns based on hypothetical market cap scenarios. For instance, if Kaspa reaches a $30 billion market cap, an investor holding 10,000 Kaspa (currently valued at around $1,300) could see the value soar to $30,000 if the price hits $3. Similarly, someone with 25,000 Kaspa, valued at about $3,000, could see their investment rise to $75,000.
Kaspa is characterized as a decentralized cryptocurrency with no venture capital backing, contrasting with SUI, which is centralized and backed by VCs. The analyst describes Kaspa’s ambition to function as a currency similar to Bitcoin, suggesting that while it may not directly compete with Bitcoin, it could serve as “the silver to Bitcoin’s gold.”
The analyst expresses optimism about Kaspa’s potential to rise in the crypto rankings, particularly if it garners recognition and integration from major entities like Grayscale. Despite current downward trends in rankings, there’s a belief that Kaspa could break into the top 15 cryptocurrencies by the end of the bull run.
Read Also: Volatility Alert: ~ $500M in Tokens Unlocking This Week – SUI, SEI, DOGE, WLD, and More at Risk
SUI Price Prediction
In contrast, SUI is presented as a centralized cryptocurrency with VC backing, likened more to Solana, positioning it as a potential “Solana killer.” While SUI aims for a leading role in the market, Kaspa is framed as fulfilling a distinct purpose as a decentralized currency.
Price Predictions for SUI
The analyst offers price predictions for SUI based on comparable market caps:
– If SUI matches Avalanche’s all-time high of $30 billion, its predicted price would be between $10 and $11.
– If it reaches Solana’s peak of $75 billion, the anticipated price could be around $27.
– If SUI attains Cardano’s all-time high of $91 billion, it could potentially rise to approximately $32.
Market Share and Future Potential
SUI is expected to climb into the top 10 cryptocurrencies by the conclusion of the bull run. The analyst emphasizes that both SUI and Kaspa represent the new generation of Layer 1 blockchains, akin to the roles played by Solana, Avalanche, and Cardano in previous cycles.
The analyst encourages viewers to evaluate their crypto portfolios in light of historical performances during past bull runs. He stresses the importance of considering the overall market cap and liquidity, especially with predictions suggesting that the next bull run could elevate the crypto market to $5-6 trillion, compared to $3 trillion in the last cycle.
Follow us on X (Twitter), “
Source: captainaltcoin.com