Kaspa’s struggles have continued, with the KAS price dipping more than 15% in the past 48 hours. The price tested a new resistance level at around $0.11 but could not break above it, causing it to dip below $0.09. Crypto Archie, a YouTube channel with over 85k subscribers, thinks that Kaspa could still see a spike to $1 when some catalysts align for this move.
According to Crypto Archie, Kaspa appears to have found its local bottom following the recent market correction. The analyst who made this video points out that the price has reached the same support level that previously acted as a floor during December’s dramatic overnight dump.
“Unless we see another kind of structural breakdown with Bitcoin and the rest of the altcoin market, I would be very surprised if Kaspa price drops below this level,” Archie explains.
The analyst reveals he has been actively accumulating Kaspa during recent dips, with his average entry price around 4 cents. Despite typically avoiding purchases above 10 cents, Archie found the recent 8-9 cent range too compelling to ignore, leading him to issue buy alerts to his VIP group members.
What you'll learn 👉
Technical Analysis and Market Sentiment
Crypto Archie acknowledges that market sentiment turned bearish when Kaspa broke from its established power law structure, which had previously shown a strong upward trajectory. The launch of KC20 also contributed to market fears when it failed to generate the anticipated trading volume. However, he remains optimistic about Kaspa’s potential for new all-time highs in Q1, provided the broader altcoin market maintains its momentum.
Major Catalysts for Growth
The following are some of the catalysts that could make the price of Kaspa spike to $1
Kaspa Increased Block Speed
One of the most significant upcoming developments is the implementation of 10 Blocks Per Second (BPS) in April. Crypto Archie emphasizes how this puts Kaspa ahead of many established cryptocurrencies in terms of transaction speed. “10 BPS on Kaspa is incredibly fast, especially for a proof-of-work coin. It’s truly ridiculous in a good way,” he notes.
Kaspa Smart Contract Implementation
The Kaspa ecosystem is set to expand significantly with smart contract capabilities. Two development teams are currently working on this feature, with delivery expected in 2025. Archie envisions this will transform Kaspa into “the fastest proof-of-work L1, L1.5 SC powered” platform, potentially becoming a global phenomenon.
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Potential KAS Major Exchange Listings
Crypto Archie has identified interesting accumulation patterns that suggest major exchange listings might be on the horizon. He points to a particular wallet holding approximately $54 million worth of Kaspa tokens, which continues to make substantial purchases. “I strongly believe this is a big exchange—probably the likes of Binance or OKX,” he speculates, suggesting both listings could materialize this year.
Kaspa Scalability Improvements
Looking further ahead, Kaspa plans to implement 100 BPS following the Crescendo hard fork, which would represent another significant leap in transaction processing capability.
Kaspa Future Outlook
Despite current market uncertainties, Crypto Archie maintains a positive outlook on Kaspa future. “Eventually, people are going to wake up because the fundamentals speak for themselves. The strong projects win in the end,” he concludes. He encourages viewers to join the Kaspa community, emphasizing its potential benefit to their investment portfolios.
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With these catalysts lined up and continued development progress, Crypto Archie believes Kaspa is positioned as one of the most promising projects in the current market, with significant potential for price appreciation toward the $1 mark.
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