Kaspa’s (KAS) has had a decent market performance over the past week, as its price went up 13.19%. At press time, it is trading at $0.1716. Analysts are forecasting what Kaspa tokens would be worth at the end of the bull run in 2024 due to its market gains.
Crypto Analyst “@Crypto Kai” shared a high-quality video with his 5.5k subscribers on YouTube about $KAS price prediction and analysis for the crypto bull run 2024, and we would like to cover it.
What you'll learn 👉
Kaspa’s Current Market Position
Crypto Kai explained that Kaspa has held up well, bouncing off its 200-day Exponential Moving Average (EMA), which is a key technical indicator. The token has been trading between $0.15 and $0.19, and while it may touch resistance levels of $0.20 soon, the analyst predicts there might be a temporary dip.
This possible dip is tied to Bitcoin’s usual weak performance in September, which could impact the rest of the market, including altcoins like Kaspa.
Image Source: TradingView
Kaspa has shown strong support of $0.10 over the past several months, despite some dips. While other altcoins have dropped sharply, Kaspa’s price has remained more stable, which suggests it may perform well once the market starts recovering after September.
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Show more +Predictions for Kaspa’s Price During the Bull Run
Crypto Kai shared a few scenarios for Kaspa’s price during the next bull run. He believes that in a bearish scenario, Kaspa could reach between $0.60 and $1. A more likely outcome is that Kaspa’s price could rise to $1 and $2.50. In the best-case scenario, it might reach $4, though this is seen as less likely.
To manage risk, the analyst recommends a strategy of selling portions of Kaspa holdings at different price levels. This way, investors can secure profits without risking a total loss if the price doesn’t reach its maximum potential.
Read Also: Why Is Celestia (TIA) Price Up?
How Much Could 30,000 Kaspa Be Worth?
The YouTuber speculates that 30,000 Kaspa tokens will hold a substantial value. The 30,000 tokens may be valued between $18,000 and $30,000 if the price declines. Conversely, their worth may increase to $30,000 – $75,000. Moreover, if Kaspa reaches $4, those tokens will be worth up to $120,000.
Finally, Kaspa has strong potential, and Crypto Kai emphasizes the importance of managing risk and taking profits at different stages to avoid losses if the market turns.
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