A Similarity Between Kaspa (KAS) and Bitcoin Suggests KAS Could Reach $100 at This Time

A crypto analyst and online personality has drawn parallels between Kaspa (KAS) and Bitcoin, suggesting the lesser-known blockchain project could reach triple-digit valuations within the next ten years.

In a post on the microblogging platform X, analyst “Plan𐤊” with the handle @MikoGenno highlighted Kaspa’s strong fundamentals, noting its ultra-scalable nature while adhering to proof-of-work consensus, akin to Bitcoin’s mining process. This, the analyst argues, allows Kaspa to solve the blockchain “trilemma” – an ability to achieve decentralization, security, and scalability simultaneously.

“Kaspa has by far the best fundamentals,” @MikoGenno wrote. “It is ultra scalable while adhering to the laws of nature and physics (PoW) and solves the trilemma.”

The crux of the analyst’s bullish outlook, however, lies in the apparent similarity between Kaspa’s price movements and those of Bitcoin early in its lifecycle. @MikoGenno points out that, like Bitcoin, Kaspa’s price appears to be following a “power law” trajectory – a curve that shows a relationship between two variables.

“Is it a coincidence that $KAS is the only asset, bar #Bitcoin, that appears to follow a power law, predicting a price of $100 in 2032?” the analyst mused.

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For the uninitiated, a power law is a functional relationship where one variable’s value grows proportionally to another variable raised to a fixed power. In simpler terms, it suggests that Kaspa’s price could continue growing at a predictable, exponential rate if past patterns hold true.

While the $100 price target for 2032 may seem ambitious for the relatively obscure Kaspa, which trades at just over $0.13 at the time of writing, the analyst’s observations have piqued interest in the crypto community. Many are now watching to see if the self-proclaimed “sustainable” blockchain can indeed follow in Bitcoin’s footsteps and etch its name in crypto legend.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.