Home » Journal » Kaspa Analyst Unveils Projections Through ‘Power Law’ Model, Reveals When KAS Will Reach $0.45 and $1

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Kaspa Analyst Unveils Projections Through ‘Power Law’ Model, Reveals When KAS Will Reach $0.45 and $1

Temitope Olatunji

March 23, 2024

Crypto analyst Plan𐤊, also known as @MikoGenno on X, has shared an intriguing update on the trajectory of Kaspa (KAS), a cryptocurrency focused on building a more scalable and secure blockchain. Leveraging the concept of a “power law,” the analyst has outlined potential price targets for the asset in the coming months and years.

For the uninitiated, a power law is a mathematical relationship that describes the behavior of certain phenomena, often used in modeling and forecasting various systems, including financial markets.

According to Plan𐤊’s analysis, Kaspa is currently trading slightly below its fair value, with the current price level acting as resistance. However, the analyst believes that the bottom for KAS has already been established. In the event of a further dip, Plan𐤊 suggests that the purple band around $0.105 could serve as a potential support level.

Looking ahead, the analyst’s power law model indicates that Kaspa could reach $0.45 during the July cycle peak. Furthermore, if the projections hold true, the cryptocurrency could potentially hit the $1 mark by early 2025.

It’s important to note that these projections are based on the analyst’s interpretation of the power law model and should be taken with a grain of salt, as cryptocurrency markets are known for their volatility and unpredictability.

You may also be interested in:

• Kaspa Has “Already Grown too Much” – Expert Cautions Against Further KAS Investment
• Beyond Ethereum’s (ETH) Shadow: Here’s Why PEPE Meme Coin Could Shine in the Upcoming Alt Season 
• Why BIG MONEY Is Secretly Buying These Cryptos In 2024!

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