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<p>The crypto market has been down these few days with most cryptocurrencies stuck in a downturn, one altcoin, Kaspa, is bucking the trend and catching the attention of analysts. Kaspa (KAS) has been pumping despite the broader market’s struggles. Analysts point to Kaspa’s unique 8-month cycle as the driving force behind its recent gains.</p> 
<p>According to the crypto analyst<a href="https://twitter.com/MikoGenno/status/1788661132187595162" target="_blank" rel="nofollow"> “Plan𐤊” (@MikoGenno), </a>Kaspa doesn’t follow the wider market trends; instead, it adheres to its own adoption curve and 8-month cyclical patterns. In a series of tweets, Plan𐤊 explained, <em>“Kaspa trades in 8-month cycles with a smaller 4-month cycle. The first 4-month cycle is a smaller peak, then going for another 4-month cycle into a bigger peak.”</em></p> 
<p>Plan𐤊 further elaborated that <a href="https://captainaltcoin.com/kaspa-spot-listing-on-binance-inevitable-only-a-matter-of-days-why-kas-will-easily-reach-10/" target="_blank">Kaspa’s</a> rapid emission schedule leads to a quicker supply contraction, resulting in these distinct 8-month cycles that primarily drive its price action. Unlike Bitcoin’s 4-year halving cycle, Kaspa’s cycles are more frequent and influential.</p> 
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<p><em><strong>Read Also: <a href="https://captainaltcoin.com/tensor-tnsr-and-verge-xvg-token-prices-surging-but-dont-buy-yet-heres-why/" target="_blank">Tensor (TNSR) and Verge (XVG) Token Prices Surging, but Don’t Buy Yet: Here’s Why</a></strong></em></p> 
<h2 class="wp-block-heading" id="analysts-predict-imminent-breakout">Analysts Predict Imminent Breakout</h2> 
<p>While Kaspa’s price movements may seem disconnected from the broader market, analysts are confident that this altcoin is gearing up for a significant breakout. <a href="https://twitter.com/TommyDoesCrypto/status/1788274973850648842" target="_blank" rel="nofollow">Tommy Does Crypto (@TommyDoesCrypto),</a> another analyst, highlighted that Kaspa’s last breakout occurred precisely 78 days after its previous all-time high. Remarkably, at the time of his analysis, Kaspa was exactly 77 days from its more recent all-time high, suggesting a potential imminent breakout.</p> 
<p>Tommy Does Crypto’s fractal analysis proved accurate as Kaspa surged 13% within 10 hours of his prediction, with a “god candle” on the hourly chart. He now expects Kaspa to reclaim its all-time high of $0.18 within the next 14 days.</p> 
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<p><a href="https://twitter.com/_GemQueen/status/1788907662723211487" target="_blank" rel="nofollow">Gem Queen (@_GemQueen), </a>another Kaspa analyst, shares a similar bullish outlook, stating that the $KAS chart looks <em>“ready for another big breakout.”</em> She aims for an initial target of $0.20 but believes this won’t be the last milestone for Kaspa, as the project aims to break into the top 10 cryptocurrencies by market capitalization during this bull cycle.</p> 
<p>As Kaspa continues to defy the market downturn, analysts remain confident in its potential, attributing its success to its unique emission schedule and cyclical patterns. With predictions of a new all-time high on the horizon, the crypto community will be closely watching Kaspa’s performance in the coming weeks.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-kaspa-pumping-while-the-crypto-market-is-down-analysts-reveal-when-kas-will-reach-new-ath-and-target-for-this-bull-cycle/">Why Is Kaspa Pumping While The Crypto Market Is Down? Analysts Reveal When KAS Will Reach New ATH</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Is Kaspa Pumping While The Crypto Market Is Down? Analysts Reveal When KAS Will Reach New ATH

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