Planš¤, also known as @MikoGenno on X, is a cryptocurrency analyst who has provided an interesting update on the development of Kaspa (KAS), a cryptocurrency that aims to create a more secure and scalable blockchain. The analyst has projected possible price objectives for the asset in the upcoming months and years by utilizing the idea of a “power law.”
For those who are unaware, a power law is a mathematical connection that may be used to forecast and model a variety of systems, including financial markets. It explains the behavior of specific occurrences.
Planš¤
ās analysis indicates that Kaspa is presently trading marginally below its fair value, with resistance coming from the current price level. The analyst does think that KAS has already reached its low, though.Planš¤Ā shows that the purple band around $0.105 could act as a potential support level in the event of a further decline.
According to the analyst’s power law model, Kaspa might hit $0.45 at the cycle peak in July. Moreover, early in 2025, the cryptocurrency can reach $1 if the predictions come to pass.
Release: The purpose of this content is only to provide knowledge.Ā Readers have to do their own research before making investment decisions.
