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. Lee, through a video, explained why he believes Kaspa can still reach $2 before this bull run ends.
Lee began by emphasizing how optimistic he still is about Kaspa. He mentioned his $2 price target and pointed out that Kaspa offers something different from the usual layer-1 blockchains. While there are many projects out there trying to become the next big blockchain platform, he believes most of them are starting to look the same. Kaspa, on the other hand, stands out because of its BlockDAG architecture and high-speed proof-of-work system.
He explained that 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 Lee says is worth watching.
KRC-20 Tokens Are a Weak Point, but the Core Still Shines
Lee did not ignore Kaspa’s weak points. He criticized the KRC-20 token ecosystem, comparing it to Ethereum’s ERC-20 but saying 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. He believes that 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 he pointed out that even with the recent pullback, Kaspa remains one of the biggest and most promising projects in the altcoin space.
He also referenced broader market conditions. According to research from Crypto.com, over 600 million people now own crypto more than ever before. He mentioned that institutional adoption is growing fast, with the launch of Bitcoin and Ethereum ETFs helping 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 reminded viewers that he can’t predict the future, but he’s confident in Kaspa’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.
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Why Timing Might Work in Kaspa’s Favor
He concluded by explaining a timeline that could favor Kaspa. Altcoins usually peak around 18 months after a Bitcoin halving. Since the last halving took place in April 2024, he pointed to October 2025 as a likely window for the next altcoin peak. That fits well with the time frame when Charles Hoskinson predicted Bitcoin could reach its next milestone.
If Bitcoin really does push higher, then altcoins like Kaspa might follow. According to Lee, there’s no reason to believe things will be different from previous cycles. He believes 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, Lee believes the project still has a lot to offer this cycle. For investors willing to wait, the payoff could be significant.
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