Analyst Says Kaspa is Doing ‘Exactly’ What ADA Did Last Cycle – KAS Price to Hit $0.28 in August
Kaspa (KAS) has been known for major price spikes with little time for retracement since its launch. It has risen in the crypto ranks and is now a top 35 crypto by market cap despite not yet getting listed on major crypto exchanges like Binance and Coinbase.
The price is now exactly exhibiting a similar price path to that of Cardano’s in the last bull rally, which suggests that KAS is on the verge of a significant price surge. This was made known by Cryptocurrency analyst MaxBecauseBTC in a post on X.
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Analyst Predicts Kaspa’s Ascent to Top 10 Status
MaxBecauseBTC has predicted Kaspa’s future performance. According to Max, KAS is following a trajectory similar to that of ADA during the previous market cycle. This pattern, he argues, preceded ADA’s climb from a mid-cap altcoin to a top-10 cryptocurrency by market capitalization.
Max emphasizes the urgency for investors to consider acquiring KAS before what he believes will be a breakaway moment. He points out that once Bitcoin enters price discovery mode, favorable entry points for KAS may become scarce.
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To support his point, Max highlights ADA’s performance in 2021, where it experienced a 20-fold increase following Bitcoin’s price discovery phase.
MaxBecauseBTC’s analysis extends beyond mere price predictions. He positions Kaspa as potentially the most exciting new Layer 1 blockchain of the current crypto cycle. This assessment is based on the project’s technological advancements and its growing ecosystem.
KRC-20 Launch Expected to Catalyze Price Movement
Adding to the bullish sentiment, analyst CryptOG has shared insights on Kaspa’s weekly chart, suggesting that the cryptocurrency is primed for a significant move. CryptOG’s analysis focuses on the upcoming launch of KRC-20, Kaspa’s token standard, scheduled for August. This event is expected to be a major catalyst for KAS’s price action.
CryptOG predicts that following the successful implementation of KRC-20, Kaspa’s price could surge to $0.28 by the end of August. The analyst advises caution to those considering selling around the $0.17 mark, suggesting that this price level may not be seen again soon.
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