Kaspa (KAS), a scalable peer-to-peer electronic cash system, looks ready to make new all-time highs imminently, according to crypto analyst Cryptographur. KAS has spent almost a year testing the $0.04–$0.05 level. While this extended consolidation may seem anticlimactic, the anal...
Kaspa (KAS), a scalable peer-to-peer electronic cash system, looks ready to make new all-time highs imminently, according to crypto analyst Cryptographur.
KAS has spent almost a year testing the $0.04–$0.05 level. While this extended consolidation may seem anticlimactic, the analyst notes that the more times an area gets tested, the more likely it is to break out. A decisive break above $0.05 could happen within days.
Fundamentally, Kaspa aims to be the fastest proof-of-work blockchain, running at 1 block per second. It was launched without VCs or premines, with a rapid mining schedule—about 74% of the total supply is already circulating.
Cryptographur describes KAS as a true electronic cash system built in the fair launch, secure, decentralized ethos of Bitcoin but innovating in scalability where Bitcoin is limited.
With a current market cap around $1 billion, the analyst sees KAS as still undervalued compared to other top 10 cryptocurrencies.
When more people discover Kaspa and research its technical merits, the attractive valuation at current levels could bring more capital and momentum into the market. This would make the technical breakout even more likely.
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In summary, according to crypto expert Cryptographur, the confluence of prolonged consolidation at key resistance, strong fundamentals as an innovative scalable cryptocurrency, and an undervalued market cap position KAS for a significant breakout to new highs. As more attention gravitates to Kaspa, the coming days and weeks could see substantial upside price action.
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The post KASPA Poised for a Breakout: Analyst Predicts When KAS Will Surpass $0.05 Threshold Permanently appeared first on CaptainAltcoin.