Is $10 Still a Realistic Price Target for Kaspa (KAS) This Bull Run?

Kaspa is yet to reach $1, as anticipated by many analysts. Is it logical to start thinking about the possibility of $10?

Crypto analyst Lee the Captain, known for his bold predictions and in-depth technical analysis, has once again set his sights high with a $10 price target for Kaspa (KAS). The popular YouTuber, with nearly 50k subscribers following his crypto journey, still sees this goal as attainable despite the recent market trends.

While many viewers might be surprised by Lee's persistent optimism, especially considering his previous $1 price target, the analyst remains steadfast in his outlook. "I'm still not giving up when it comes to Kaspa, but the reason being is because I still think its future is very bright," Lee explains early in his analysis.

Joining Lee the Captain on his Kaspa adventure, viewers can see how he's not easily deterred by the current market conditions or the skepticism surrounding his ambitious price target.

Lee the Captain Explains Why He Thinks $10 Is Still Possible For Kaspa

To put Lee's $10 target into perspective, it would represent roughly a 7x increase from current Kaspa prices. At $10 per token, Kaspa would have a market capitalization of approximately $258 billion based on current circulating supply.

To put this figure into context, Lee notes that Ethereum exceeded this valuation by nearly $300 billion during the 2021 bull run, suggesting such a figure isn't unreasonable for a project with Kaspa's potential.

"It’s no surprise that Ethereum went past the $400 billion valuation during the 2021 bull run with a peak at $5,100. But to put this into perspective, we can add another $300 billion to make it $700 billion," Lee elaborates further.

Lee the Captain had previously set a $1 price target for Kaspa, which he believes could be hit in the next bull run if the project continues to perform well and gains broader attention.

"I'm not setting any new price targets. I'm just going to leave my $1 price target there. I think it's definitely possible, especially if we see Bitcoin recover to $100,000, which would make a lot of altcoins 10x from current prices."

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The crypto analyst adds that he hasn't sold any of his Kaspa holdings, and he's still planning to buy more if the price dips lower. Lee feels that the race is far from over, and he's ready to keep rolling with Kaspa.

"I'm still holding all of my Kaspa, and I'm planning to buy more if the price goes down. I'm not selling any, and I'm going to keep rolling with Kaspa."

Despite the recent pullback, Lee is still up significantly on his Kaspa investment since he first began covering the project. He says that he's enjoying the ride and isn't planning to stop anytime soon.

"I'm up over 300% on my Kaspa investment, and I'm having a blast. I'm going to keep rolling with Kaspa and see where it takes me."

Kaspa BlockDAG Technology Makes a Difference

Lee the Captain is particularly bullish on Kaspa due to its innovative BlockDAG technology. He compares traditional blockchain technology to Kaspa's BlockDAG structure, suggesting that the latter "takes things to a whole another level."

Drawing parallels to Hedera's directed acyclic graph (DAG) architecture, Lee believes that Kaspa's technological edge gives it significant advantages over conventional blockchain platforms.

"It's like comparing an iPhone 15 to the new iPhone 15 Pro Max. Sure, the iPhone 15 is a great phone, but the 16 Pro Max takes things to a whole another level with its larger screen, triple camera system, and A17 Bionic chip."

Lee the Captain acknowledges the criticisms against Kaspa, which include concerns about its ecosystem development and adoption rates. Some critics claim that the ecosystem is underdeveloped or even "non-existent." However, he argues that Kaspa's technological advantages outweigh these current limitations.

Why Businesses Might Prefer Kaspa Over Ethereum

Using an iPhone analogy, Lee the Captain explains his perspective: "Let's say we're using an iPhone 16 Pro, right? And let's say someone rocks up with the iPhone 16 Pro Max... Once I've seen the 16 Pro Max, I can't go to the 16 Pro."

He believes that enterprises share this mentality, seeking the best available technology even if improvements are marginal. This thinking leads him to conclude that businesses might prefer Kaspa over established networks like Ethereum.

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