Crypto Analyst Says Kaspa Has ‘A Lot of Room’ to Catch Cardano – Updates Outlook on KAS

Jim, also known as @Cryptographur on Twitter, recently posted an optimistic outlook on the cryptocurrency Kaspa (KAS). He compared Kaspa to Cardano (ADA), suggesting it has a lot of room for growth to reach Cardano’s previous market capitalization.

Highlights Kaspa’s Fundamentals

In his recent tweet, Jim highlighted several of Kaspa’s key fundamentals that make it stand out in the cryptocurrency space:

  • Fair launch with no VC backing or token unlocks suppressing the price
  • Already 73% of the total supply is in circulation
  • Strong technology and fundamentals
  • Currently only around a $1 billion market capitalization versus Cardano peaking at $100 billion last cycle

He argued that most other cryptocurrencies are “centralized, unfairly hyped, VC backed scams with massive fully diluted valuations and years of token unlocks ahead deflating price ultimately to zero.”

Kaspa Outperforming Major Cryptocurrencies

Another Twitter user, @Altcoinist_com, also posted about Kaspa’s impressive gains against top cryptocurrencies like Ethereum. According to the tweet, Kaspa is up 315x against Ethereum since June 2022.

The user said “the outperformance is not going to stop anytime soon” and advised followers to do their own research on the rapidly rising cryptocurrency.

Analysts See Upside Potential

With Kaspa still at a relatively low market cap compared to other leading smart contract platforms, analysts like Jim see substantial room for growth ahead. As more investors discover Kaspa and recognize its differentiated fundamentals and technology, the crypto asset could continue its ascent up the market capitalization charts.

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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.