Kaspa is yet to reach $1, as anticipated by many analysts. Is it logical to start thinking about the possibility of $10? One popular analyst still thinks the $10 target isn’t overly ambitious. The crypto analyst, Lee the Captain, with around 50k subscribers on YouTube, believes that $10 is still a good target based on several reasons.
Despite the current KAS market conditions, Lee the Captain remains steadfast in his outlook. “I’m still not giving up when it comes to Kaspa, but the reason being is because I still think its future is very bright,” he explains early in his analysis. He acknowledges that many viewers question his ambitious price target, which would represent roughly a 7x increase from current levels.
The YouTuber points out that this target didn’t seem far-fetched just a couple of months ago when Kaspa price was performing well. Lee mentions that he hasn’t sold any of his Kaspa holdings, believing that “the race is far from over.” Even with the recent pullback, he emphasizes that he’s still up significantly on his Kaspa investment since he first began covering the project.
What you'll learn 👉
Kaspa BlockDAG Technology Makes a Difference
What makes Lee the Captain particularly bullish on Kaspa is its innovative BlockDAG technology. He compares traditional blockchain technology to Kaspa’s BlockDAG structure, suggesting that the latter “takes things to a whole another level.”
Drawing parallels to Hedera’s directed acyclic graph (DAG) architecture, Lee believes Kaspa’s technological edge gives it significant advantages over conventional blockchain platforms.
Lee acknowledges the criticisms against Kaspa, including concerns about its ecosystem development and adoption rates. Some critics claim the ecosystem is underdeveloped or even “non-existent.” However, he argues that Kaspa’s technological advantages outweigh these current limitations.
Why Businesses Might Prefer Kaspa Over Ethereum
Using an iPhone analogy, Lee the Captain explains his perspective: “Let’s say we’re using an iPhone 16 Pro, right? And let’s say someone rocks up with the iPhone 16 Pro Max… Once I’ve seen the 16 Pro Max, I can’t go to the 16 Pro.” He believes enterprises share this mentality, seeking the best available technology even if improvements are marginal. This thinking leads him to conclude that businesses might prefer Kaspa over established networks like Ethereum.
One of Kaspa’s standout features, according to Lee, is its BlockDAG structure—a digital ledger enabling parallel blocks and instant transaction confirmation. He also highlights Kaspa’s proof-of-work consensus mechanism, noting its “rock-solid security” that’s been proven by Bitcoin’s long-term stability.
KAS Is Faster Than BTC
Addressing skepticism about Kaspa’s ability to handle mass adoption, Lee argues that if Bitcoin—also proof-of-work—remains reliable despite its massive user base, then Kaspa should have no issues given it will likely see comparatively less adoption. He adds that Kaspa processes transactions approximately 600 times faster than Bitcoin, though he admits many other projects also outpace Bitcoin in transaction speed.
Regarding exchange listings, Lee the Captain describes Kaspa’s presence as “pretty good” though “not the best.” Despite this, he considers Kaspa a “legendary project” with significant growth potential.
A $10 Price Target for KAS
When discussing his $10 price target, Lee acknowledges the ambitious nature of this prediction. At $10 per token, Kaspa would have a market capitalization of approximately $258 billion based on current circulating supply. To put this in perspective, he notes that Ethereum exceeded this valuation by nearly $300 billion during the 2021 bull run, suggesting such a figure isn’t unreasonable for a project with Kaspa’s potential.
Read Also: How Much Will 3,000 PI Coins Be Worth if Bitcoin Bounces Back to $100K?
Lee concludes his analysis by reaffirming his belief in Kaspa’s bright future. “Even going to the price of a dollar is already over a 10x,” he observes, expressing surprise that a project with Kaspa’s promise remains at its current valuation.
Throughout the video, Lee the Captain maintains his conviction that despite current market conditions, Kaspa remains one of the most promising cryptocurrencies for significant returns during this bull cycle.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
