Analyst Predicts KAS Could Mirror Cardano’s Early 2020 Surge: Is a 100X Increase on the Horizon?
Famous Twitter analyst and technical analysis expert, Crypto Guy (@Crypto_Guy360), recently shared his insights on the potential of the cryptocurrency $KAS.
He compared its current situation to that of Cardano in early 2020, which was bouncing around $0.03 before shooting up to $3.10 at the peak of the bull market, reaching a market cap of 90 billion.
Crypto Guy speculated on the possibility of $KASPA following a similar trajectory, going from $0.03 to $3.00 in the bull market. If this happens, it would represent a 100x increase and a market cap of about 70 billion. He also pointed out that the chart seems to be forming a double top, M pattern, which often leads to price retracement and could present a great buying opportunity.
As a well-known trader, Crypto Guy’s analysis carries significant weight in the crypto community. His comparison of $KAS to Cardano’s early days and his prediction of a potential 100x increase have certainly caught the attention of many investors. Will $KAS indeed follow in Cardano’s footsteps? Only time will tell.
As of the latest update, the price of Kaspa (KAS) is $0.03743. It has experienced a 11.68% increase in the last 24 hours. The 24-hour trading volume is $33,838,714. The current market cap of Kaspa is $742,237,092 USD, ranking it at #209 in the market. The circulating supply is 19,830,440,552 KAS out of a maximum supply of 28,704,026,601 KAS.
It is important to note that predicting the future price of any cryptocurrency, including KAS, is highly speculative and subject to various factors and market conditions. While there are different opinions and analyses, it is impossible to accurately predict whether a 100X increase in KAS’s price is on the horizon.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
