Can Kaspa (KAS) Price Still Reach $1 in This Bull Cycle?

Crypto influencer Money and I tackled the burning question on many investors’ minds: Is Kaspa’s ambitious $1 price target still achievable in the current bull cycle

Crypto influencer Money and I discussed whether Kaspa’s ambitious $1 price target is still achievable in the current bull cycle.

While the broader crypto market displayed widespread red indicators, Money pointed out an interesting anomaly—Kaspa stood out with a 1.7% gain, trading at approximately 11.5 cents at the time of the video.

The analysis revealed that Kaspa has consistently found strong support around the 10-cent mark, demonstrating remarkable resilience in challenging market conditions.

According to Money and I, investor sentiment plays a crucial role in Kaspa’s price action. While some investors might find it difficult to envision Kaspa reaching the dollar mark given its recent price movements, the YouTuber emphasized the need for conviction in one’s investment decisions.

“If you’re a Kaspa holder and you’ve done your research, whether it’s up 1% or down 500%, as long as you know what you hold, you should be fine,” he said.

Money and I advocated for a balanced yet focused investment strategy. While some investors have gone all-in on Kaspa, he suggested maintaining a portfolio of carefully selected cryptocurrencies that you thoroughly understand.

The key, he emphasized, isn’t in over-diversification but in maintaining deep knowledge of your chosen investments. He personally includes Kaspa and Saito among his high-conviction plays.

The technical indicators, as highlighted by Money and I, showed that Kaspa experienced bearish momentum on January 7th, testing but holding above the December 21st support levels. However, he maintained a bullish long-term outlook, particularly for 2025, citing the extended consolidation period and accumulating bullish factors.

Within the Kaspa ecosystem, Money and I specifically highlighted potential opportunities in select KAS meme coins, particularly Nacho, Kango, Caspi, and Casper, while viewing other offerings as primarily trading vehicles.

Money and I expressed strong confidence in Kaspa’s ability to surpass the $1 mark during this bull cycle. He drew interesting parallels with XRP and Cardano, both of which faced similar skepticism before their significant price rallies.

“Kaspa’s got a cult-like following, just like XRP, just like Cardano,” he noted, suggesting that once Kaspa begins its upward movement, the sentiment could shift dramatically.

The analysis concluded with a broader market perspective, suggesting that Ethereum’s performance could be a key catalyst for altcoin movements. Money and I believed that once major utility coins gain momentum, projects with strong community backing like Kaspa could see substantial price appreciation.

Rather than viewing current price levels with concern, Money and I encouraged investors to maintain a long-term perspective. His analysis suggested that 2025 could be a pivotal year for Kaspa.