The native token of blockchain project Kaspa (KAS) continues trading near record levels after recently breaking 400 SATS for the first time, according to analyst Cryptographur. He remains adamant about KAS becoming a top 10 cryptocurrency.
Cryptographur points out that KAS has hardly corrected after setting an all-time high, currently sitting just 7% off its peak. This resiliency comes on the heels of KAS decisively surpassing 400 SATS in its Bitcoin pairing, a previously uncharted milestone.
Source: CoinStats – Start using it today
The analyst acknowledges that short-term fluctuations are inevitable. However, he firmly believes holders will be rewarded if they maintain conviction in Kaspa’s long-term trajectory. Most KAS investors actually remain profitable even after the minor pullback from all-time highs.
While some traders may question KAS near current prices, Cryptographur insists the technicals and fundamentals support a major upside from here. As a Bitcoin sidechain focused on scalability and security, Kaspa represents a top contender to become a top 10 crypto project in his eyes.
Still, traders are cautioned to conduct their own due diligence and manage risk appropriately. But according to Cryptographur, the data affirms his bullish outlook on KAS despite its parabolic gains in recent months. With key levels holding firm even after its historic SATS breakout, Kaspa appears poised to continue charting new highs.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
