With the technological improvements, there is speculation that Kaspa’s price could surpass Ethereum, particularly as it continues to roll out new features that enhance its functionality and appeal.
A crypto analyst on his YouTube channel known as Tashi addresses the doubt surrounding Kaspa’s price as it remains stagnant during the current bull run. He stated that Kaspa’s current price stagnation has led to perceptions of it being “dead,” similar to the status of XLM and IOTA before their substantial spikes.
Potential Upgrade for Kaspa/Community Support
The analyst stated his optimism about the ongoing project as Kaspa is set to implement significant upgrades, including a 10-block-second upgrade and the introduction of smart contracts. These advancements will attract developers from established platforms like Ethereum and Solana.
Despite these promising technological advancements, Kaspa has strong community support; all this hints at a potential for future growth regardless of being stagnant in price, where major coins like XRP have seen remarkable gains of over 300% in the ongoing bull market.
He pointed to the recent increases in trading volume being interpreted as signs of large-scale accumulation, suggesting that a price surge could be on the horizon for Kaspa.
Potential Safe Heaven During Economic Uncertainty
He drew parallels between Kaspa and traditional safe-haven assets like gold and Bitcoin, giving its potential stability against the backdrop of fiat currency devaluation driven by central banks’ reckless money printing and global political uncertainties. This positioning may make Kaspa an attractive option for investors seeking refuge in tumultuous economic times.
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He advises investors to refrain from the fear of missing out (FOMO) by chasing coins like XRP that are experiencing surges at their peaks. He encouraged investors to maintain their faith in underperforming coins, as holding onto such investments could yield long-term gains.
The analyst believes that the Kaspa price growth depends on its strong community, upcoming technological advancements, and strategic positioning for a pronounced upward movement, potentially as far out as 2029
