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, or has that ship sailed? Kaspa price has not been seeing strong bullish moves that its holders are used to, and this has raised concerns in the Kaspa community.
While the broader crypto market has been experiencing widespread red indicators, Money and I points out an interesting anomaly: Kaspa stands out with a 1.7% gain, trading at approximately 11.5 cents at the time of the video. The analysis reveals 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 emphasizes the need for conviction in one’s investment decisions. He said:
“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”
Money and I advocates for a balanced yet focused investment strategy. While some investors have gone all-in on Kaspa, he suggests maintaining a portfolio of carefully selected cryptocurrencies that you thoroughly understand.
The key, he emphasizes, 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.
Read Also: Kaspa Price Prediction: Here’s How Much $40,000 KAS Could Be Worth in 2025
Kaspa Technical Analysis and Market Outlook
The technical indicators, as highlighted by Money and I, show that Kaspa experienced bearish momentum on January 7th, testing but holding above the December 21st support levels. However, he maintains 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 highlights potential opportunities in select KAS meme coins, particularly Nacho, Kango, Caspi, and Casper, while viewing other offerings as primarily trading vehicles.
Kaspa Price Path to $1
Money and I expresses strong confidence in Kaspa’s ability to surpass the $1 mark during this bull cycle. He draws 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 notes, suggesting that once Kaspa begins its upward movement, the sentiment could shift dramatically.
The analysis concludes with a broader market perspective, suggesting that Ethereum’s performance could be a key catalyst for altcoin movements. Money and I believes 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 encourages investors to maintain a long-term perspective. His analysis suggests that 2025 could be a pivotal year for Kaspa.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
Source link