In a recent video by analyst On The Go Crypto, Kaspa’s (KAS) chart so far was described as “beautiful, amazing” and “the most beautiful thing in Web3.”
Analysts emphasize the importance of understanding Kaspar's movements regardless of when investors enter the market. The charts are consistently making higher highs and lower lows, indicating a strong uptrend.
Opportunities have been missed in the past, but not this time.
On The Go Crypto acknowledges that many investors missed out on early opportunities in cryptocurrencies like Bitcoin, Ethereum, BNB, etc. However, he firmly believes Kaspa offers investors an opportunity not to be missed this time around.
Analysts have been predicting an upswing for Caspar since May 14, when the price was around 11 cents, despite other analysts predicting lower price targets.
One aspect of Kaspa that often goes unnoticed is its token economy and circulating supply. Analysts point out that Kaspa’s supply is relatively small, at just 28 billion tokens, with around 83.43% of the supply already in circulation.
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Show more +He predicts that circulating supply will approach 90% when the market heats up in six months. This scarcity, combined with upcoming developments such as the KRC-20 consolidation, T1 listing, and the completion of the Rust migration, makes Kaspa incredibly bullish on the outlook.
On The Go Crypto takes note of Kaspa's monthly chart which shows an increase in trading volume. This increase in trading volume is not related to Bitcoin's performance but rather to the increased attention Kaspa is receiving. In comparison, Bitcoin's monthly chart is flat and disappointing, while Kaspa's chart shows exciting movement and potential.
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Predicting next move: 20 cent support level
Analysts expect Kaspar to settle in the 13-14 cents range before rising towards the 20 cents support level.
On The Go Crypto believes it is very realistic for Kaspa to reach $2-6 in this bull market, and he emphasizes that this is not about comparing Kaspa to other projects or getting into a tribal debate, but rather about providing a real, realistic story about the coin's potential.
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