Kaspa Has “Already Grown too Much” – Expert Cautions Against Further KAS Investment

According to a cryptocurrency trading expert, AlanSantana, the recent explosive growth of the Kaspa (KAS) token may have pushed its price to unsustainable levels, leaving little room for additional upside in the near future.

In a detailed analysis, the expert points out that KAS has already risen a staggering 11,800% between October 2022 and November 2023. While the token did see an additional 23% gain from its November peak to a new high in February 2024, this pales in comparison to the 100-4,000%+ returns witnessed by hundreds of other cryptocurrency pairs during the same timeframe.

“Kaspa (KASUSDT) produced a peak in November 2023. It did a small retrace and sideways consolidation and then a new high,” the expert explains. “Here’s the thing, from peak to peak, November 2023 vs February 2024, Kaspa grew less than 23%. It took the pair more than four months to achieve this milestone.”

The implication is that after Kaspa’s parabolic ascent last year, the massive rallies that allowed exponential gains for other altcoins may no longer be feasible for KAS. As the expert bluntly states, “there isn’t much room left for additional growth.”

On the flip side, the analysis suggests Kaspa still has “plenty of room” for price declines from its currentelevated levels. “When prices are high up, we either stay away or sell, regardless of the pair,” the expert advises.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

While not outright calling for investors to exit Kaspa positions, the overall tone is one of caution towards chasing further upside after its monumental rally. As with any investment, careful risk management is prudent, particularly for assets that have already experienced exponential growth cycles.

The expert’s perspective aligns with the contrarian investing mentality of “buying low and selling high.” Per the advice provided, rather than piling into Kaspa’s extended uptrend, traders may be better served identifying opportunities in tokens that are currently bottoming out for potential bounces.

As the adage goes, “No tree grows to the sky.” Kaspa’s vertical move in 2022-2023 may have temporarily defied gravity, but according to this analysis, it has likely reached a ceiling, at least for the time being.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


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.