In a recent video analysis, cryptocurrency educator Crypto BULLGod makes an optimistic case for the Kaspa cryptocurrency (KAS) potentially reaching $2-$4 USD in 2024. He provides an in-depth review of Kaspa’s current market position and future growth prospects.
Current Market Analysis
Crypto BULLGod begins by examining Kaspa’s latest price action, identifying a bullish pennant formation after substantial gains. He notes the importance of sustainable upwards momentum, with a near-term target of around 38 cents. This analysis sets the foundation for his longer-term prediction.
Benchmarking to Major Cryptocurrencies
A core part of Crypto BULLGod’s prediction relies on benchmarking Kaspa against the market capitalizations of established cryptocurrencies Litecoin, Matic, and Cardano. By comparing potential market cap scenarios, he projects the future USD values Kaspa could reach.
Market Cap and Price Projections
Under a base case tied to Litecoin’s market cap, Crypto BULLGod foresees Kaspa hitting $2 in 2024. In a best case echoing Cardano’s market cap, he believes $4 is achievable. These projections assume constant token supply and correlate price to market cap growth milestones.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +While the market cap scenarios aim high, the educator suggests a 17-33 times multiple from current levels is a realistic 2024 valuation range. As he states, “This is the most excited I’ve been about a project from a fundamental perspective in a very long time.”
His bullish outlook balances Kaspa’s growth potential with its market position and protocol strengths. If the wider crypto market sees parabolic gains as he expects, these ambitious $2-$4 targets could materialize for holders.
You may also be interested in:
- Ethereum (ETH) Becomes Bullish Across All Timeframes, Could Reach This Price in 2 Months
- XRP Price Struggles to Break Out Due to Mixed Signals as Ripple vs SEC Case Drags On
- Analyst Backs Pushd (PUSHD) Presale Over The Likes Of Dogecoin (DOGE) And Pepe (PEPE)
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades 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.
