Kaspa is trading around $0.093 today, still less than half of its all-time high of $0.2075 set over a year ago. The broader market is in an interesting spot – Bitcoin just crossed $118,000, while Ethereum sits just under its own ATH at $4,550. Many analysts believe Q4 of 2025 will be the last big push before a new bear market begins.
The general consensus? Bitcoin and Ethereum still haven’t peaked. And that brings us to the real question: what about Kaspa? Has it already seen its top for this cycle, or is there more room to run?
To get some perspective, we asked an advanced AI model – ChatGPT – to weigh in.
The AI gave Kaspa about a 35% chance that it already peaked this cycle when it topped out near $0.2075. In other words, there’s still a much stronger probability that the real peak hasn’t arrived yet. The model put the odds of another leg higher at 65%, lining up with the view that Bitcoin and Ethereum themselves are not done running.
So, where could Kaspa realistically go if it hasn’t peaked? Based on the AI’s analysis, a reasonable peak for this bull run would be between $0.30 and $0.50. That would mean new all-time highs, with the upper range representing more than a 5x move from today’s price.
The bullish case comes from two factors: first, Kaspa’s unique position as a fast, scalable PoW chain, and second, the tendency of altcoins to make explosive moves late in a cycle when Bitcoin and Ethereum are already near their tops.
Of course, the AI also added a caveat. If Bitcoin tops earlier than expected or macro sentiment turns bearish, Kaspa could stay capped below $0.20 for the rest of this run. Timing is everything in crypto, and this cycle looks like it could get very crowded in Q4.
For now, though, the takeaway is simple: Kaspa likely hasn’t peaked yet. And if this AI model is right, the coming months could deliver fresh all-time highs before the market finally cools off.
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