YouTuber ‘On The Go Crypto’ just delivered an urgent message to Kaspa (KAS) investors: be prepared to sell.
The YouTuber emphasizes the importance of knowing when to exit the market and shares his thoughts.
On The Go Crypto begins by dispelling the myth of eternal hodling. He stated that investors need to be ready to sell their Kaspa holdings when the time is right.
He warns against the idealistic notion of holding indefinitely, reminding viewers that most people invest in cryptos with the intention of selling for profit.
What you'll learn 👉
Kaspa’s Price Action and Early Adopters
The analyst draws attention to Kaspa’s recent price volatility. He showed a 24-hour chart that shows major downward movement. This “gut check,” as he calls it, serves as a reminder that even promising cryptocurrencies like Kaspa are subject to market fluctuations.
Early adopters who joined the Kaspa market as early as June 2022, when the token was going for $0.0002 or even lower.
He clarifies that these investors are sitting on substantial profits and might be persuaded to sell if the price keeps rising.
Price Predictions and Comparisons
Drawing a comparison with Cardano (ADA), the YouTuber presents a potential price range for Kaspa:
- Current ADA market cap would put Kaspa at around $0.60
- ADA’s all-time high market cap would equate to a Kaspa price of nearly $4
On The Go Crypto predicts that the Kaspa price could reach $0.60 before the end of the year. He also expects more spikes in the spring and summer of the following year.
The analyst stresses the importance of having a well-thought-out exit strategy. He suggests that investors should consider dollar-cost averaging out of their positions as Kaspa approaches potential top signals. He emphasizes that different entry points will influence individual selling strategies.
The analyst briefly touches on the upcoming KC20 token standard for Kaspa, advising patience during its rollout. He suggests that any initial “speed bumps” will be ironed out over time and recommends waiting for the ecosystem to mature before diving in.
On The Go Crypto concludes by reiterating the importance of being prepared to sell Kaspa when the time comes.
Read more: Polkadot (DOT) Primed for Breakout? 60% Staking Rate Squeezes Supply as Analysts Eye $20+ Target
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