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Cryptocurrency News Articles
Analyst Explains Why $0.50 Is Just the Starting Point for Kaspa (KAS) This Bull Run
Nov 23, 2024 at 03:15 am
Jesse Ai, a crypto analyst, discusses the potential of Kaspa in the bull run, suggesting that the price of $0.50 is merely the starting point.
Crypto analyst Jesse Ai discusses the potential of Kaspa (KAS) in the bull run, suggesting that the price of $0.50 is just the starting point. Ai points out that Kaspa has been forming a broadening wedge pattern over the past year, with a strong support level at $0.10. He attributes this support to “gamma support” related to the introduction of Binance Futures, in a concept that mirrors Bitcoin’s own support level at $35,000 with the launch of Coinbase Futures.
These “gamma support” levels, Ai explains, are strategically managed by investment bankers to protect their initial investments in Bitcoin ETFs and Marathon Digital's Kaspa hardware. As the 10BPS upgrade unfolds and the Federal Open Market Committee (FOMC) pauses quantitative tightening, Ai anticipates that Kaspa is poised for significant price increases, starting the bull run at $0.50 and aiming for a spot among the top 15 largest market capitalizations.
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