Top Analyst Dumps Kaspa: Cautions Against Overly Optimistic KAS Price Predictions

Crypto analyst Crypto Jon has announced his decision to sell his Kaspa (KAS) holdings in favor of Turbo, an Ethereum-based token.

Top crypto analyst Crypto Jon has announced that he is no longer holding Kaspa (KAS) and has instead shifted his focus to a smaller-cap Ethereum-based token called Turbo.

In a video announcement to his 68.7K YouTube subscribers, Jon stated that he had been waiting for Kaspa to get listed on a top exchange, but the only exchange listing that came through by the end of the year was Kraken.

He highlighted that Coinbase has historically not listed any proof-of-work coins except for established cryptocurrencies like Bitcoin and Litecoin, which poses a major roadblock for Kaspa.

Jon also expressed dissatisfaction with Kaspa’s development team, particularly the project’s leadership.

He stated that instead of focusing on key developments like smart contracts, exchange listings, and partnerships, the team has gotten sidetracked by political discussions on social media platforms.

According to Jon, Kaspa’s performance over the last year has been underwhelming. With a current market cap of $3.37 billion, he sees limited potential for substantial gains compared to other alternatives. The analyst specifically noted that despite the community hype, the project’s growth has stalled.

Jon's decision to move to Turbo was driven by its smaller market capitalization of $560 million, which he anticipates will offer a greater growth multiple. He highlighted Turbo’s presence on major exchanges, deflationary tokenomics, and strong community support. The analyst predicts that Turbo will achieve a 10x return faster than Kaspa.

Looking ahead to 2025, Jon warned investors against overly optimistic price predictions for Kaspa. He stated that while Kaspa is still a good project, expecting it to reach $5-20 without major exchange listings is unrealistic.

The analyst cautioned his followers against influencers making excessive price predictions, as they could result in investors becoming “bag holders.”

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