As the world of cryptocurrency continues to expand, each new day brings forth a plethora of new opportunities and potential winners. One such digital currency that has recently caught the attention of seasoned analysts and traders alike is Kaspa (KAS). The coin, which has re-entered the $0.03 land, is now expected to break the $0.10 landmark, according to renowned technical analysis expert Braver Crypto (@BraverCrypto).
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Show more +Kaspa, a proof-of-work cryptocurrency that implements the GHOSTDAG protocol, is unique in its approach. Unlike many other digital currencies, Kaspa was fair-launched without pre-mining or any other pre-allocation of coins on November 7, 2021. It’s a community project that is completely open source, with no central governance.
Braver Crypto (@BraverCrypto), a top-notch analyst, tweeted earlier today:
“Welcome back to $.03 land $KAS. Looking forward to surpassing $.10 soon 💯.”
This optimistic outlook was further reinforced by famous Twitter analyst RVCrypto (@RvCrypto), who debunked the misconceptions surrounding Kaspa. According to RVCrypto, Kaspa’s primary aim is to fulfill Satoshi’s vision of a peer-to-peer electronic cash system. RVCrypto asserts that Kaspa will fill the gap left by Bitcoin, which has evolved to become more of a store of value rather than a medium of exchange.
He explained, “$KAS first is a medium of exchange and not a L1. L1 is a fancy narrative so everyone puts $KAS there. And eventually, it will be a L1 2nd as well but that wasn’t the goal when @hashdag, @DesheShai, @MichaelSuttonIL and the other legends started $KAS.”
Adding to the conversation, trader CryptoMocro (@CryptoMocro_), referred to people who sold their entire $KAS bag for a x3 return, missing out on a possible x60 gain. He tweeted:
“Good morning soldiers ✌️. I know people who sold their whole $KAS bag for a x3 and they missed a x60 🫣.”
Kaspa’s price at the time of writing is $0.02977 USD, with a 24-hour trading volume of $15,888,345.29 USD. With a circulating supply of 19.18 billion KAS and a maximum supply of approximately 28.7 billion KAS, Kaspa seems poised for growth. However, it’s essential to remember that cryptocurrency prices are highly volatile and can change rapidly. Therefore, potential investors are advised to refer to real-time data from reliable sources before making any investment decisions.
As the crypto market continues to evolve, Kaspa’s promise of becoming a truly decentralized medium of exchange based on PoW without compromises will undoubtedly keep it in the spotlight. Whether or not it will surpass the $0.10 mark, as Braver Crypto predicts, only time will tell.
