Kaspa (KAS), the cryptocurrency launched in 2021 that has gained popularity among miners, has generated growing expectations for its performance, despite its recent stagnation.
In the last year, Kaspa has achieved a 260% increase in its priceIn September 2023, its price was $0.047, while it is currently around $0.16.
With a market capitalization of $4 billion, KAS has become the 24th largest crypto asset on the marketHowever, the cryptocurrency is going through a “plateau” period, a period of stagnation in its growth.
It is as if the price of KAS had reached a high and remained there, neither rising nor falling significantly, as seen in the following chart. TradingViewThe “plateau” area is the one in red.
In terms of metrics related to Proof of Work (PoW)-based cryptoassets, Kaspa has stood out, ranking just behind Bitcoin (BTC) and Dogecoin (DOGE) in profitability, as reported by CriptoNoticias.
This achievement reinforces its position as one of the leading cryptocurrencies in this protocol, but it still faces the challenge of overcoming its period of stagnation.
The community trusts Kaspa
Despite the stagnation of the asset, The Kaspa community remains optimisticOn social networks like Reddit, Users have expressed their confidence in the future of cryptocurrency.
One community member, under the pseudonym TheKoolestCucumber, stated: “I honestly think kaspa is just getting started.” Other users agreed, noting that Selling at this time would be a mistakecomparing the situation with those who sold bitcoin for very low prices in its early days.
Mindcandy, another member of the community, advised holding KAS until the end of 2025, when he expects a new all-time high for BTC. He suggests selling half of KAS holdings at that time, when the price could be between $0.20 and $1.
Then he warns about a possible significant market decline by 2027 and 2028which is why he recommends holding the other half of the holdings. “Holding diamond hands until 2030 could be very profitable,” he said.
This approach reflects a long-term investment mindset within the Kaspa community, which views the coin more as an asset to hold rather than a short-term payment or trading tool.
While the disruptive potential of cryptocurrencies in payment systems is still present, currently, it is their investment value that most attracts individuals and institutions.
Trader anticipates strong price increase if Kaspa breaks resistance
The market analyst who identifies himself on social network X as Fibonaccious Indian that KAS “is struggling to overcome resistance” which could be marked around $0.18.
This indicates that the KAS price has encountered an obstacle on its way up. “Resistance” is a technical term in technical analysis that refers to a price level where selling outweighs buying, making it difficult for the price to rise above that point.
Despite the difficulty, The price of the cryptocurrency is making repeated attempts to overcome this resistancehe explains. Each failed attempt creates more tension in the market, which could lead to a stronger move in one direction or another when such resistance is finally broken, he said.
Once KAS overcomes all these resistances, a strong price increase is expectedsince the market will be less saturated with sellers and there will be more demand, he says.
The analyst is optimistic and believes that if the overall conditions of the cryptocurrency market continue to be positive, KAS price is very likely to exceed 20 cents in the near term.
More conservative perspectives
Not everyone shares the same optimistic view on Kaspa. Martin Hiesboeck, head of research at financial platform Uphold, offers a more measured perspective.
As artificial intelligence disrupts the global economy, Hiesboeck predicts a stagnation of cryptocurrencies, including Kaspaover the next two years. He also notes that advanced smart contracts and full Kaspa functionality may take longer to materialize.
Hiesboeck also highlights that regulators and banks are increasingly inclined to adopt stablecoins, which could limit the growth of volatile cryptocurrencies like KASFor him, the optimism around kaspa might be overstated, stating: “Things take time, and cold economic reality often gets in the way of dreams.”
