Crypto analyst Tactical Investing recently outlined 7 reasons why they are bullish on decentralized cryptocurrency Kaspa (KAS) and predict it is heading for a significant price surge. In a Twitter thread, Tactical Investing argued that KAS has major upside potential thanks to its tokenomics, use cases, transparent development team, and other factors.
Reason 1: Exclusion of Major Exchanges and Bull Market History
Tactical Investing (@tacticalinvest_) highlights that Kaspa distinguishes itself from other cryptocurrencies by not relying on major exchanges such as Binance, Coinbase, or Kraken. Furthermore, the absence of a prior bull market history suggests untapped potential for Kaspa’s price growth.
Reason 2: Whales’ Growing Interest
The analyst points out the significant buying activity by large-scale investors, known as “whales,” in the Kaspa market. Notably, an unidentified wallet recently acquired a staggering 65 million $KAS tokens within a span of just two days. Such intense accumulation by whales signifies their strong belief in the future prospects of the project.
Reason 3: Positive Technical Analysis
Tactical Investing emphasizes the impressive technical analysis of Kaspa, noting that the chart shows a clear upward trend. Most technical indicators signal bullish market conditions, further enhancing the investment appeal.
Reason 4: Consistently High Network Hashrate
Kaspa’s network hashrate consistently reaches all-time highs. This growing hashrate not only enhances the security of the network but also validates the value and potential of the project.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Reason 5: Well-Designed Tokenomics and Emission Schedule
Kaspa’s tokenomics and emission schedule are commended by Tactical Investing. With over 79% of tokens already mined and a monthly reduction in rewards, the project follows a well-balanced supply/demand model. In contrast to Bitcoin’s four-year halving cycle, Kaspa’s rewards reduction occurs annually, adding to its attractiveness.
Reason 6: Competent and Transparent Development Team
Tactical Investing recognizes Kaspa’s development team for their knowledge, experience, and transparency. The team consistently pushes the boundaries of innovation while actively showcasing their progress. Such qualities instill confidence in the project’s potential for future growth.
Reason 7: Real-World Use Case
The analyst underlines the importance of real-world adoption in the cryptocurrency space. Tactical Investing emphasizes Kaspa’s potential for practical applications, such as the development of Kaspa Pay and instances of individuals purchasing items at gas stations using $KAS tokens. These real-world use cases demonstrate the project’s viability and its potential to disrupt traditional payment systems.
Tactical Investing concludes by inviting the community to share their own reasons for holding Kaspa, further igniting the discussion around the project’s potential.
As Tactical Investing sheds light on the key factors behind Kaspa’s potential, investors and enthusiasts are encouraged to explore the investment opportunities presented by this promising cryptocurrency. With its solid foundation and compelling characteristics, Kaspa emerges as a project worthy of consideration in the dynamic world of digital assets.
You may also be interested in:
- Polkadot (DOT) Teeters ‘On the Cusp of a Breakout’: Can It Surpass Resistance at this Key Level?
- Ethereum Finally Strengthening, Analyst Reveals When ETH Will Start to Surge Amid Favorable Price Action
- Bespoke Crypto Streaming Platform Deestream (DST) Takes Further Tether (USDT) & Polkadot (DOT) Investment As 30x Capable
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
