Crypto Chrys, a crypto YouTuber, made a video to describe why buying Kaspa at around $0.1 reflects a lot of opportunity. The crypto analyst sees a lot of opportunities in Kaspa, and he thinks buying it at around its current price is a big catch.
The analyst emphasizes that purchasing Kaspa at $0.10 is akin to buying Ethereum at $24 in 2017, framing this as a unique and valuable investment opportunity.
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He describes Kaspa as a standout among Layer 1 blockchain technologies, labeling it a groundbreaking proof-of-work project backed by a decade of development led by Yonatan Smopolinsky and his team.
Potential Breakout and Exchange Listing Rumors
Chrys notes that Kaspa’s current market cap is approximately $2.7 billion, indicating significant growth potential. He speculates that a breakout could happen toward the end of November or early December, while cautioning that such predictions are contingent on market conditions and potential exchange listings.
He also mentions rumors regarding upcoming listings on tier-one exchanges, which could drive the price up to $0.14 or $0.15. Chrys encourages viewers to consider investing in Kaspa, highlighting its immense potential in the market.
Furthermore, the analyst expresses a strong belief in Kaspa as the only altcoin he feels confident holding for the long term, even during bear markets. He points out its capability to attract institutional interest due to its robust technological foundation.
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Technical Strength and Investment Tips
Chrys refers to the increasing hash rate and Kaspa’s ranking among the top 30 projects, reinforcing its strength and growing adoption. He suggests that the ecosystem’s growth will likely accelerate as prices approach the $0.14–$0.15 range.
Addressing price support, he identifies the $0.10 level as a strong support point, with a secondary fallback at $0.093. Chrys anticipates that any dip below $0.10 would be brief.
