Kaspa Analyst Unveils Projections Through ‘Power Law’ Model, Reveals When KAS Will Reach $0.45 and $1
Crypto analyst Plan𐤊, also known as @MikoGenno on X, has shared an intriguing update on the trajectory of Kaspa (KAS), a cryptocurrency focused on building a more scalable and secure blockchain. Leveraging the concept of a “power law,” the analyst has outlined potential price targets for the asset in the coming months and years.
For the uninitiated, a power law is a mathematical relationship that describes the behavior of certain phenomena, often used in modeling and forecasting various systems, including financial markets.
According to Plan𐤊’s analysis, Kaspa is currently trading slightly below its fair value, with the current price level acting as resistance. However, the analyst believes that the bottom for KAS has already been established. In the event of a further dip, Plan𐤊 suggests that the purple band around $0.105 could serve as a potential support level.
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Show more +Looking ahead, the analyst’s power law model indicates that Kaspa could reach $0.45 during the July cycle peak. Furthermore, if the projections hold true, the cryptocurrency could potentially hit the $1 mark by early 2025.
It’s important to note that these projections are based on the analyst’s interpretation of the power law model and should be taken with a grain of salt, as cryptocurrency markets are known for their volatility and unpredictability.
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