Kaspa Not Done Yet? Analyst Reveals Bold KAS Price Target for This Cycle

Kaspa price has not performed close to expectation this cycle. While some may be giving up, other analysts like Lee from Lee the Captain YouTube channel still have their hopes high.

Kaspa price has not performed stellar this year, especially when compared to expectations that had set a Kaspa price target of $2. While some might be giving up on the project, other analysts like Lee from Lee the Captain YouTube channel still have hopes.

In a recent video, Lee explained why he believes Kaspa can still reach $2 before this bull run ends. He began by emphasizing how optimistic he still is about Kaspa.

Kaspa Is Different From Other Layer-1 Projects

Most people are familiar with the major layer-1 blockchains like Bitcoin, Ethereum, Cardano, and others. Many projects are also trying to become the next big blockchain platform, but they usually start to look the same after a while. However, Kaspa offers something different with its BlockDAG architecture and high-speed proof-of-work system.

As a result, Kaspa has reportedly reached speeds up to 600 times faster than Bitcoin, which is impressive considering that most fast blockchains rely on proof-of-stake. While proof-of-stake is more common, it lacks the robust reputation that Bitcoin’s proof-of-work consensus has earned over time. Kaspa combines the speed people want with the reliability of proof-of-work, and that’s something worth watching.

KRC-20 Tokens Are A Weak Point, But The Core Technology Remains

Lee did not shy away from mentioning Kaspa’s weak points. He brought up the KRC-20 token ecosystem, comparing it to Ethereum’s ERC-20. Most of the KRC tokens have not lived up to expectations. Many of them are low-effort meme coins that surged temporarily when Kaspa was doing well but have since faded into obscurity.

Still, he argued that this shouldn’t define Kaspa’s future. Just because the token ecosystem is currently underwhelming does not mean the core technology and vision behind Kaspa will stay ignored. As time passes and more people start understanding what makes Kaspa special, the network could get more serious and useful applications.

The Case For $2 And The Bigger Picture

Lee made it clear that mass adoption won’t happen overnight. He doesn’t expect Kaspa to suddenly explode in value within the next six months. But even with the recent pullback, Kaspa remains one of the biggest and most promising projects in the altcoin space.

He also touched upon broader market conditions. According to research from Crypto.com, over 600 million people now own crypto more than ever before. Institutional adoption is also growing rapidly, with the launch of Bitcoin and Ethereum ETFs helping to build mainstream interest. If Bitcoin eventually climbs to $250,000 or even higher, as Cardano founder Charles Hoskinson predicted, then Kaspa hitting $2 no longer looks like a stretch.

Lee stated that he can’t predict the future, but he’s putting his hopes on Kaspa. He’s a fan of the project’s fundamentals, the strength of its community, and its listings on major exchanges. To him, these factors create a solid case for Kaspa’s growth when the next real altcoin season kicks in.

Why Timing Might Work In Kaspa’s Favor

Altcoins usually peak around 18 months after a Bitcoin halving. Since the last halving took place in April 2024, we can expect the next altcoin peak around October 2025. That fits well with the time frame when Charles Hoskinson predicted Bitcoin could reach its next milestone.

If Bitcoin does push higher, then altcoins like Kaspa might follow. There’s no reason to believe things will be different from previous cycles. The current environment, high adoption, growing institutional interest, and unique technology like Kaspa’s, could be setting the stage for a strong breakout in the months ahead.

Whether Kaspa hits $2 or not, the project still has a lot to offer this cycle. For investors who are patient and believe in the project's vision, the payoff could be significant. Only time will tell if Kaspa can live up to the hype and reach new all-time highs this cycle.