A recent video from analyst Freeman of Finance has stirred discussions within the Kaspa community. In the video, he shares his outlook on the project's future and the price of KAS in the market.
Overview of Kaspa's Price Forecast
The analyst argues that it's likely **KAS will not hit a new high this cycle** based on chart analysis and observed market trends. He explains that the upcoming launch of the decentralized exchange Zellus Swap may facilitate growth.
Comparing Kaspa and Bitcoin
Freeman of Finance notes that Kaspa has demonstrated remarkable results, exhibiting rapid price increases while Bitcoin has shown more moderate growth. He highlights that as Bitcoin gains strength, Kaspa's price is declining, which contrasts earlier patterns.
Prospects and Future of Kaspa
Despite the stagnant prices, the analyst expresses optimism about the project's future if smart contracts and a new DEX are implemented. He suggests that when Bitcoin reaches its peak, a rotation might occur, leading to growth for undervalued projects like Kaspa.
The analyst emphasizes that although KAS may not reach new highs this cycle, the project's potential remains, and investment in its development is still viable.
