Kaspa (KAS) will hit $3 in an explosive bull market, and experts predict a big spike
In the dynamic landscape of the Crypto Assets market, Kaspa (KAS) has emerged as a serious contender in the AltCoin race, showing significant growth and breaking through the $0.1109 mark in the last 24 hours, an increase of 10.5% in that time. Interestingly, with potential catalysts emerging, the bullish momentum for KAS may be far from over. These catalysts could push the Token to a new all-time high, surpassing its previous peak of $0.1527.
In a recent article published on X (formerly known as Twitter), Crypto Assets analyst Daan de Rover expressed optimism about Kaspa's future and offered a compelling case for the Token's potential growth.
A key factor is the fair launch of Kaspa, which means that no KAS Token is reserved for exchange listings. Since Kaspa is not listed on major exchanges, this bullish characteristic becomes apparent.
De Rover said that if these exchanges decide to list Kaspa, they will need to get KAS Token from the open market, increasing demand and Liquidity.
Given Kaspa's reputation and the hype surrounding the project, de Rover believes a real price target of $2 to $3 can be achieved in the next Bull Market, a 2650% increase from current price levels.
Previously, KAS experienced a significant surge, jumping to the top 33 Crypto Assets by Market Cap (currently ranked 38th). Within days, KAS soared from $0.05139 on November 19 to its current all-time high of $0.1545. The spike represents a price increase of more than 200%, highlighting the significant boost that an exchange listing can bring to the Kaspa ecosystem and its price action.
If Kaspa is listed on major exchanges, expect similar or greater growth and market exposure, even more than previous listings. According to De Rover's pricing analysis, such a development would appeal to a wider range of investors and contribute to the overall success of the Token.
At the heart of Kaspa's functionality is the GHOSTDAG protocol, which enables parallel blocks to exist and be ordered by consensus. This approach, called blockDAG, ensures secure operations while maintaining high block rates.
Kaspa currently runs at 1 block per second, and Kaspa aims to achieve higher rates ranging from 10 to 100 blocks per second.
Interestingly, this scalability potential sets Kaspa apart from many other Blockchain networks, has the potential to catch the eye of investors, and may be one of the reasons for its current price growth, KAS has continued to grow for more than a year, soaring by 1471%.
(Source: Ronaldo Marquez)