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Kaspacoin

Kaspa (KAS) Bull Market Price Prediction – Revised EditionTLDR: • This is a bull market prediction. • I compared KAS with FTM and ADA because the charts have some similarities. • Take this prediction business with a pinch of salt. I don’t know the future, nobody does. • However, in bull markets crazy things happen, and if FTM and ADA made it, so can Kaspa. Preface: • Analyzing a coin with a short price history is a challenge. In TA we analyze an asset based on past performance and try to project what this past performance may mean for future performance. A coin without a significant past PA is tricky. However, because of its incredible PA and this asset’s fundamentals I will follow it closely and share setups as I see them. • In the previous TV idea, I compared Kaspa’s PA with a fractal of Kadena. Why? Because I wasn’t thinking straight. The only commonality between these two assets is that they are both “Proof of Work.” • In this revised edition, I tried to compare fractals of cryptocurrencies that have a similar chart structure to Kaspa’s. Two assets that fit the bill are Cardano (ADA) and Fantom (FTM). • You must understand, at this stage, it is just speculation. I don’t know what the future will bring. I cannot guarantee my performance a month from now, and I sure as hell, cannot guarantee Kaspa's performance in a future bull market. • However, speculation is all that we can do during the dry season until the rain comes. So, let’s speculate. Price Prediction: • Kaspa is a young asset. The Kaspa blockchain (DAG) still has a lot of development to make. KAS’s Price history also makes it difficult to extrapolate future prices. However, we know that this kind of asset can make an astonishing PA if the stars align. • If we take a fib extension from the previous low to the high, we can see that KAS’s ATH was between the 1 – 1.272 fib extension. Assuming that the next ATH will be between these fib extensions, our price target is roughly 12-22 cents. Considering the Cup and Handle forming on Kaspa’s chart (Linked) this looks reasonable. KAS Compared to FTM • Between March 2020 and January 2021, Fantom’s PA looked similar to Kaspa’s current PA. • An impulsive rise of 3000%. • A consolidation period in a rounding bottom. • Followed by another two strong impulsive price movements to the upside. • Kaspa’s PA looks similar: • An Impulsive move up of more than 3000% • Followed by a rounding bottom (in the process). • If we assume that Kaspa’s continuation will be similar to Fantom’s, in a year from completing the consolidation Kaspa could reach 1.76$. KAS Compared to ADA: • Between March 2020 to July 2020, ADA moved in an impulse and had a 770% Price increase. • Followed by a rounding bottom and another strong move up. • If we compare ADA’s PA and extrapolate based on ADA’s PA, in eight months, Kaspa’s price could reach 2.65$ Conclusion: • I hope we are all adults here. We don’t need to take these predictions with a pinch of salt, we need to take it with a shovelful of salt. But I have noticed that most people can easily believe that the worst things could occur to them and cannot imagine that success is also a possibility. KAS is looking good, technically and from a fundamental perspective. When the bull market arrives, reason leaves. Assets can have crazy valuations. Just look at Nvidia. Anyway, whatever will be will be. • This is a long-term trade. It may take months or even years before my price target is achieved. NFA. Feedback will be appreciated. Best wishes to all.
CRYPTO:KASUSDLong
by NewThoughtCrypto
Kaspa $KAS coin Kaspa $KAS coin - What Is KASPA (KAS)? Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency. Kaspa on 4hr chart MACD crossed signal line (bullish) and RSI has risen above the 50 mark headed north and is trading above the MA all positives so its likely to make gains
Long
by dr0iz
3
"Kaspa continues its bearish trend with its current status.KAS Coin (KAS), recent developments have created excitement among investors. However, KAS Coin's price chart has shown a downward trend lately. KAS aims to create a financial ecosystem based on blockchain technology and has established important partnerships to achieve this goal. KAS Coin has started trading on several major exchanges recently, allowing investors to discover its potential. However, the downward trend in KAS Coin's price chart continues. Furthermore, mention the downward trend on the monthly chart and the bearish trend on the weekly chart because the last candle on the monthly chart appears to be risky.
by UnknownUnicorn25137654