One such analyst, known as “Planš¤” on Twitter (@MikoGenno), has shared their analysis on the potential valuation of Kaspa (KAS) by April 2024, based on a popular theory and the current market conditions.
Planš¤’s prediction is grounded in the “big then mini cycle theory” proposed by @SiamKidd. According to this theory, the current market movement is considered a mini cycle, implying that the upcoming four-month cycle’s all-time high (ATH) may not necessarily be a major new ATH for Kaspa.
Despite the potential limitations of the mini-cycle, Planš¤ remains optimistic about Kaspa’s performance. The analyst cites the strong momentum and breakout strength exhibited by KAS, particularly in the context of the current rally occurring after setting an ATH.
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Show more +Ambitious Price Prediction: $0.3 by Early April
Based on the combination of the mini-cycle theory and Kaspa’s current market dynamics, Planš¤ predicts that the cryptocurrency could potentially reach a valuation of $0.3 by early April 2024. This projected price point is derived from the upper band of the Power Law, a technical analysis indicator used to identify potential price targets.
Planš¤’s analysis offers valuable insights into the potential trajectory of Kaspa’s price in the coming months. By combining the “big then mini cycle theory” with observations of KAS’s momentum and breakout strength, the analyst presents a compelling case for a bullish outlook.
While the predicted $0.3 valuation by early April 2024 may seem ambitious, it aligns with the analyst’s interpretation of market conditions and technical indicators. As with any market prediction, it is essential for investors to conduct their own research and exercise caution when making investment decisions.
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