CaptainAltcoin’s YouTube channel released another video about Kaspa and this time, a slightly negative approach was taken. But can we blame them? Kaspa’s price action is not good, to say the least.
The new video highlights how Kaspa, once seen as one of crypto’s most exciting tech plays, is struggling to keep pace with the rest of the market. While coins like Solana, Ethereum, and even Cardano and XRP have delivered strong gains this year, Kaspa feels stuck.
Kaspa peaked over a year ago near $0.20 but then slid to about $0.06 by spring 2025. Even after a summer market recovery, it still trades between $0.07 and $0.085 – a drop of roughly 60% from its highs. Compare that with Ethereum hitting fresh all-time highs, Solana soaring past $200, or meme coins like Dogecoin and PENGU capturing headlines. The contrast is hard to ignore.
The video points to several reasons for Kaspa’s weakness. First, a sharp hashrate decline is worrying. Kaspa remains a proof-of-work blockchain, and when miners turned off their machines because it was no longer profitable, network security dropped and selling pressure increased. A major technology upgrade, Crescendo, was supposed to help by making the network 10 times faster, but it failed to move the market when it launched back in May.
Delays on Kasplex, Kaspa’s planned smart contract layer, add to the concern. The team missed its most recent launch target of August 31, casting doubt on its ability to deliver on roadmap promises. Meanwhile, parts of the community are still calling for a $1 or even $5 Kaspa price – numbers that would require tens of billions in market cap. With 26 billion coins in circulation and limited exchange exposure, those targets look far-fetched.
CaptainAltcoin does acknowledge Kaspa’s strengths. Its BlockDAG architecture is still impressive and the community remains passionate. A major new exchange listing, such as Binance adding spot trading, could spark a short-term move toward $0.10–$0.12. But without a catalyst like that, the channel expects sideways action or even another dip toward $0.06 if crypto markets turn bearish.
The takeaway is that Kaspa simply hasn’t rewarded holders during this bull phase, and the opportunity cost of holding it versus coins with stronger momentum – like Ethereum, Solana, or XRP – is hard to justify. Until fundamentals improve and price action confirms it, CaptainAltcoin says it’s staying on the sidelines.
Read also: Here’s Kaspa Price if Binance Doesn’t List KAS
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