Crypto Archie posted a video discussing whether Kaspa (KAS) can reach $5 during the current crypto bull market. The speaker did some calculations to estimate Kaspa’s potential market cap and price.
Market Cap and Price Calculation
A market capitalization of around $80 billion was enough for a cryptocurrency to enter the top 5 in 2021. A lot has changed now, and more money is flowing into the market.
The speaker predicts that the market cap will increase 2-3x since the last bull market, reaching around $7.5 trillion. In this cycle, for a cryptocurrency to make it into the top five, it would need to have a market cap of around $160-240 billion.
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Kaspa (KAS) currently has a market cap of $4.3 billion. To make it into the top 5, Kaspa would need to grow by around 37-55x, which would mean a price of $6-10 per Kaspa coin.
Speaker Kaspar's realistic prediction is that in this bull market it will go for $3-4, which could put it in the top 10, but not the top 5. It's more likely to go up 15-20 times from its current price.
Impact and Market Sentiment
He cited influential figures such as Da Vinci Jeremy who have expressed bullish views on holding Caspar for the long term.
Endorsements from influencers like Michael Saylor and Cathie Wood could have a positive impact on prices.
Long-term outlook
In the long term, the speaker is very bullish on Kaspa and predicts that in a few bull runs, Kaspa could make it into the top 5. The speaker recommends holding Kaspa for the long term, not just through this bull run.
Analysts still stressed the importance of diversifying investments and not holding large amounts of any one risky asset.
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