A popular cryptocurrency analyst and educator known as “Crypto BULLGod” has set lofty price targets for the digital asset Kaspa (KAS), predicting it could soar to between $2 and $4 per coin by 2024 in a new video analysis. This would represent a massive increase from Kaspa’s current price of around $0.025 at the time of writing.
In the video titled “Will KASPA Reach $2-$4 by 2024? KAS Kaspa Price Projection Prediction News,” Crypto BULLGod lays out the key factors underpinning his bullish Kaspa projection. He cites technical indicators suggesting the cryptocurrency is in a consolidation phase that could precede a breakout rally.
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Show more +“The creator emphasizes Kaspa’s current bull pennant pattern on the charts as a bullish continuation signal,” the video summary explains. “He argues the consolidation is allowing metrics like the MACD and RSI to cool off, setting the stage for sustainable upward momentum.”
Crypto BULLGod also looks at Kaspa’s market positioning compared to other major cryptocurrencies like Litecoin, Polygon (MATIC), and Cardano. He suggests that if Kaspa can rise to join the ranks of the top 20 digital assets by market capitalization, matching Litecoin’s market cap would translate to around $2 per KAS token. Reaching Cardano’s level could even see Kaspa top $4, he claims.
However, the analyst acknowledges this lofty projection rests on several key assumptions. One is that the overall cryptocurrency market will experience a “parabolic rise” in the first half of 2024, contradicting many predictions of a later market cycle peak. He also assumes Kaspa’s circulating supply will remain relatively constant for simplicity’s sake.
“As with all price predictions in the volatile crypto markets, these projections include uncertainties,” the summary cautions. “The assumptions underlying them may not fully materialize as expected.”
Nonetheless, Crypto BULLGod’s analysis has clearly struck a chord with cryptocurrency investors eyeing the next big breakout asset. Whether Kaspa can actually deliver the supercharged returns he envisions remains to be seen as markets continue their rocky evolution.
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