Bitcoin News Today: Kaspa (KAS) Price Could Rise 200-300% to Challenge Top 10 Crypto Market Cap

Kaspa (KAS), the native token of the Kaspa blockchain, continues to attract attention for its unique proof-of-work consensus model and blockDAG architecture, which enable fast transaction times and near-instant confirmations. Launched without a pre-mine, the project has built a strong, organic community. As of recent data, KAS trades at approximately $0.09, with a market capitalization of $2.4 billion and a circulating supply of around 26.58 billion tokens. It currently ranks between 42nd and 48th in the cryptocurrency market [1].

If KAS were to break into the top 10 largest cryptocurrencies by market capitalization, it would need to see a substantial increase in value. The top 10 projects currently have market caps of at least $10 billion, with some exceeding $30 billion. The two largest—Bitcoin and Ethereum—each have valuations above $100 billion. To reach a $10 billion market cap, KAS would need to trade at roughly $0.37. A $20 billion valuation would imply a price of about $0.75, while a $34 billion market cap would see the token value rise to approximately $1.28 [1].

Kaspa’s supply model also plays a role in its potential price trajectory. The token’s supply is scheduled to decrease annually until it reaches a maximum of approximately 28.7 billion KAS. This controlled issuance may support upward price movement if demand continues to grow. The token has previously reached a high of $0.207, indicating there is still potential for significant appreciation if adoption and market conditions align [1].

Historically, other altcoins such as Solana and Avalanche have climbed into the top 10 within a few years, suggesting that it is not an impossible feat. However, KAS will need to demonstrate strong adoption of its blockDAG technology, increased exchange listings, and continued community development to make a similar leap. Conversely, it also faces challenges from competition with established layer 1 blockchains, regulatory uncertainty, and the inherent volatility of the crypto market [1].

Analysts have noted that the token’s price has fluctuated significantly in recent months, with a sharp correction to $0.066 in June before beginning a gradual recovery. In early August, the price tested the $0.10 level twice without breaking through, reinforcing it as a short-term ceiling. A move above $0.11 could signal renewed bullish momentum [3].

Some projections, based on historical market cycles and altcoin behavior during Bitcoin-driven bull runs, suggest a potential price range of $0.28–$0.34 for KAS in 2025. This would represent a more than threefold increase from its current level [3]. However, it is important to note that these are forecasts and not guarantees.

The broader market environment will also influence KAS’s performance. A sustained bull run driven by Bitcoin and other leading cryptocurrencies could benefit smaller altcoins like Kaspa. However, achieving top 10 status would require more than just price appreciation—it would necessitate a shift in investor perception and increased network usage to solidify its position among the market’s most dominant assets [3].

Immediate technical indicators suggest key support and resistance levels for short-term traders. The token currently finds support at $0.088, and a breakdown below this level could push the price toward $0.080. On the upside, resistance remains at $0.10 and $0.11, which are critical for determining the next phase of price action [3].

While the dream of KAS entering the top 10 is ambitious, it is not out of reach. A project with strong technology and active community support can achieve significant milestones, especially in a rapidly evolving market. If KAS continues to innovate and gain adoption, it may find itself in a position to challenge the current top 10 in the future.

Source:

[1] What If Kaspa Achieves Top 10 Status? Here’s How Much KAS Could Be Worth (https://coinmarketcap.com/community/articles/68a01d2d78799209467a4bd7/)

[3] Sell Your Kaspa… When It Hits This Level (https://captainaltcoin.com/sell-your-kaspa-when-it-hits-this-level/)