In a recent video, Crypto Chrys, a well-known analyst, discussed why Kaspa’s rise to $3 might still be seen as bearish. He backed up his perspective with what he considered to be factual insights rather than mere numbers.
Chrys emphasized his commitment to covering Kaspa, highlighting it as a viable alternative to Bitcoin.
Kaspa vs. Cardano and Bitcoin
Chrys drew comparisons between Kaspa and Cardano, pointing out that while Cardano had a robust community during 2020-2021, its fundamentals were not as strong. In contrast, he argued that Kaspa boasts a stronger community and superior fundamentals.
Kaspa is described as having fundamentals akin to Bitcoin, but even more advantageous. It is a proof-of-work project with no pre-mined coins and lacks venture capital backing, which Chrys believes makes it a fairer system.
Given these attributes, the analyst anticipates that the Kaspa community will strengthen as the bull market progresses, particularly by 2025.
Kaspa Price Outlook
The analyst predicts that the upcoming bull market will surpass the previous one by three to five times, driven by institutional participation.
He conducted a quick calculation, forecasting an $80 billion market cap for Kaspa in 2025, translating to $3 per coin.
The analyst believes that an $80 billion valuation is attainable for Kaspa, given its offerings. With increasing interest from retail investors and institutions, he expects significant growth.
If the $80 billion market cap is divided by Kaspa’s total supply of approximately 26 billion, it results in a price of about $3 per coin.
The speaker asserts that Kaspa is superior to Cardano and is the next best cryptocurrency after Bitcoin.
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Source: captainaltcoin.com