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<p>The upcoming reward reduction for the Kaspa cryptocurrency could mark the end of the current bearish cycle and pave the way for a new uptrend, according to <a href="https://twitter.com/MikoGenno/status/1776356915737452603?t=OOAlXGS734TNiyhcfvb6bQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">analyst MikoGenno</a>. In a recent post, the trader pointed to the “8-month cycle theory” as a basis for their bullish projection.</p>
<p>For those unfamiliar, the reward reduction, also known as “halving” or “halvening”, is a pre-programmed event that cuts the amount of new Kaspa coins miners receive for validating transactions. This systematic reduction in supply is designed to control inflation and increase scarcity over time.</p>
<p>MikoGenno believes that reward reductions following downturns have historically signaled the start of a new upward cycle in Kaspa’s price. “A Kaspa reward reduction after a downwards move generally marks the end of the down cycle, and the beginning of the next leg up,” they stated.</p>
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<p>The “8-month cycle theory” suggests that Kaspa’s price tends to move in approximately 8-month cycles, with each cycle culminating in a major peak before the next downturn begins. Based on this theory, the analyst argues that the upcoming reduction initiates “the first leg up of the next major cycle.”</p>
<p>If MikoGenno’s analysis proves accurate, the new uptrend could drive Kaspa’s price as high as $0.30 to $0.50 by late June or early July of this year, representing a significant increase from its current trading levels around $0.10.</p>
<p>The Kaspa reward reduction is scheduled for mid-April, so the coming weeks and months will test the validity of MikoGenno’s bullish outlook. Crypto enthusiasts and traders will undoubtedly be monitoring Kaspa’s price action closely as this pivotal event unfolds.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-reward-reduction-signals-end-of-downtrend-analyst-points-to-kas-july-price-target/" rel="noopener noreferrer nofollow">Kaspa Reward Reduction Signals End of Downtrend, Analyst Points to KAS July Price Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Reward Reduction Signals End of Downtrend, Analyst Points to KAS July Price Target

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