Could Kaspa Token Surpass BTC? Expert Claims ‘KAS is More ‘Bitcoin’ than Bitcoin’ – Here’s Why
Jim, a top crypto analyst known as @Cryptographur on X, has shared his insights on Kaspa (KAS), a cryptocurrency project he believes has immense potential. In a tweet, Jim highlighted the strong fundamentals of KAS and the promising price action observed on the charts.
Jim reminisced about his previous bullish stance on KAS when it was trading at around $0.03. He had consistently shared his analysis of the Cup and Handle Pattern, a bullish technical formation, encouraging investors to capitalize on the opportunity.
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Wyckoff Accumulation at $0.15
Furthermore, Jim has identified what he believes to be a significant Wyckoff Accumulation pattern forming at the $0.15 level for KAS. According to Jim, this pattern suggests that large institutional investors or whales may be accumulating KAS at these levels.
Three Key Points to Consider
Jim outlined three crucial points for investors to keep in mind regarding KAS’s price action:
- Higher Market Cap, Lower Volatility: With KAS’s market cap now significantly higher than a year ago, the volatility in price movements is expected to be lower, as it takes more money to move the price substantially.
- Confirmation of Strength and Momentum: As the chart trades near its all-time highs, investors seek assurance that KAS has enough strength and momentum to continue its upward trajectory. Jim believes the observed Wyckoff Accumulation pattern provides this confirmation.
- Large Interests Accumulating: Due to KAS’s fair launch, similar to Bitcoin, centralized exchanges like Coinbase and Binance must source their order book liquidity. Jim suggests these large interests may strategically accumulate KAS at lower prices to secure deeper liquidity before potential future listings and price appreciation.
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Show more +Fundamental Strength and Potential
Jim highlighted KAS’s strong fundamentals, which parallel Bitcoin’s vision of a peer-to-peer electronic cash system. While Bitcoin failed to deliver on this promise due to scalability and cost issues, KAS has developed a fully decentralized network capable of scaling on the base layer and supporting an autonomous economy.
Jim stated, “Fundamentally, $KAS is more #Bitcoin than #Bitcoin. It finishes the work that #BTC started, fully implementing the vision of a peer-to-peer electronic cash system.”
Moreover, Jim believes that KAS’s market cap can reach the top 10 cryptocurrencies, with a bull run cycle peak potentially reaching market caps of $50 billion to $150 billion, translating to a price range of $2 to $5 per KAS token.
Jim also noted the influence of KAS’s founder, Yonatan Sompolinsky, on Charles Hoskinson, the founder of Cardano (ADA), further underscoring the project’s significance in the cryptocurrency space.
Jim’s analysis presents a bullish outlook on KAS, citing its strong fundamentals, promising price action, and the potential for significant growth and institutional interest.
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