Kaspa: The Altcoin That Could Make You a Millionaire
Let me ask you a simple question. How many altcoins make an all-time high in a bear market? Only a few, right? That is why we cannot ignore this particular altcoin because itβs up 74,385% in the last 1 year β that is 740X in a bear market. Iβm talking about Kaspa and its token KAS which is up. And this happens to be one of the favorite altcoins of our audience. For this project, we think itβs only the beginning. And stocking up now could make you a millionaire someday. How, letβs take a look!
KAS Historical Performance
Before I come to an exact number of Kaspa you need to become a millionaire, you and I need to understand where KAS could go from here. And to do that, we first need to understand where itβs been.
For those of you hearing of Kaspa for the first time, It uses DAG as Fantom and Hedera Hashgraph do. This allows for a faster logging of transactions than putting them into blocks as regular chains do.
More About Kaspa (KAS)
But it could happen. Kaspa, which until recently was flying under the radar, is the #45 market cap project in crypto. Itβs a surprise to many itβs ranked so high as I know there are some of you out there who are hearing about this coin for the first time.
The Kaspa market cap is just over $1 billion placing it between Arbitrum and Injective. That gives you an idea of how big this project is. The total supply of KAS is 21.2 billion, with all 21.2 billion in circulation. Its recent all-time high was on Nov 19 at 15.3 cents. Todayβs price is 12.8 cents.
What do the KAS Charts Say?
We asked our Technical Analysis team to look at Kaspa and hereβs what they had to say. Their token launch in November 2021 during the bear market meant they did not get too high flyer status to see a huge drop during our long bear market.
It took until February 2023 for Kaspa to cross 1 cent. Thatβs definitely a psychological support point. The recent low of 1.3 cents is from May 2023.
How Much KAS = $1 million?
We like Kaspa for:
- Itβs a Proof of Work system.
- Itβs a fair launch.
- Itβs a lightweight chain.
- Itβs a parallel block creation setup.
- Itβs solid tokenomics.
So how much KAS does it take? In the next 2-5 years, we see KAS going up to $3-5. That would mean Kaspa is worth 100 billion. Thatβs the range where Tether is now. So at $3, that means you would need 333,333 KAS.
Or in the upper end of our range, you would need 200,000 KAS to become a Kaspa millionaire. And at todayβs price, you can get 200,000 KAS for $11,600. Thatβs A LOT of potential upside.
Hot Take: Kaspa’s Potential for Millionaires
Kaspa has shown remarkable growth in a bear market, making it an altcoin worth considering. With its innovative use of DAG technology and solid tokenomics, Kaspa has the potential to reach new all-time highs. While it may require a significant investment, acquiring a substantial amount of KAS could make you a millionaire if the price reaches $3-5 in the next few years. The current market cap and circulation of KAS suggest that there is no supply overhang, which could contribute to a significant price increase. So, do you think KAS will hit $3-5? Let us know in the comments below.
Althea Burnett stands as a luminary seamlessly blending the roles of crypto analyst, relentless researcher, and editorial virtuoso into an intricate tapestry of insight. Amidst the dynamic realm of digital currencies, Althea’s insights resonate like finely tuned notes, reaching minds across diverse horizons. Her ability to decipher intricate threads of crypto intricacies harmonizes seamlessly with her editorial finesse, transforming complexity into an eloquent symphony of understanding. Guiding both intrepid explorers and curious newcomers, Althea’s insights serve as a compass for well-informed decision-making amidst the ever-evolving currents of cryptocurrencies. With the craftsmanship of a linguistic artisan, they craft narratives that enrich the evolving narrative of the crypto cosmos.
