The price of Kaspa has not been displaying the strength it is known for. With its price struggling to keep up with the bullish moves of many other cryptocurrencies in the past few weeks, many analysts have come out to explain why this is happening. However, some people may also need to consider whether it is still worth holding the token or if this is the end of the hype surrounding the KAS price.
David from ARCHETYPE, a YouTube channel with more than 26,000 subscribers, maintains his strong belief in Kaspa’s fundamental value, considering it one of the top cryptocurrencies in the market. He emphasizes that while recent price action has been subdued, the project’s core strengths remain intact.
The analyst explains Kaspa’s unique technical architecture, noting it transcends traditional blockchain design. As a proof-of-work layer-one protocol, Kaspa has already attracted ecosystem development, including meme coins and projects with strong community backing and branding.
Despite reducing his Kaspa position in October due to more attractive short-term opportunities elsewhere, David maintains his long-term bullish outlook on the project. This strategic shift reflects market timing rather than diminished confidence in Kaspa’s potential.
Kaspa Price Prediction Without Exchange Listing
David emphasizes that major exchange listings, particularly on tier-one platforms, are crucial for Kaspa’s price performance. The current challenge lies in securing these listings, given the significant costs involved and the project’s proof-of-work, fair launch nature.
Without tier-one listings, David projects Kaspa could reach approximately 40 to 60 cents during this bull run. However, with successful tier-one listings, he sees potential for the price to reach between $2 and $5.
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David advises current holders that despite recent sideways trading, Kaspa remains fundamentally sound. The project’s innovative technology and growing ecosystem support a long-term value proposition, though near-term price action may depend heavily on exchange listing developments.
The fair launch nature of the project means it relies on tier-one exchanges willingly choosing to list it, as crowdfunding such listings would be prohibitively expensive for the community.
