How Kaspa’s Next Target is Reaching a $120 Billion Market Cap While Bitcoin ETF Continues Successful Presale

Kaspa has delivered explosive returns in 2023, surging an astonishing 71,920% year-to-date. With gains of this magnitude, it’s understandable that investors who missed the initial price run-up are wondering if the opportunity has passed or if Kaspa still has room to run.

According to prominent crypto analyst Braver Crypto, who boasts over 62,000 followers on X, the answer is a resounding yes – Kaspa could potentially reach $5 per token in the next bull cycle. Here’s a deeper look at his bullish case.

Braver lays out a straightforward market cap analysis, noting that with Kaspa’s eventual total supply of around 24 billion tokens, a price target of $5 would equate to a $120 billion market cap. While that may seem lofty, he argues it’s achievable based on the overall growth of the crypto market.

Specifically, he envisions the total crypto market cap swelling to between $5 trillion and $10 trillion in the 2025 bull market peak. For context, the November 2021 all-time high for crypto was near $3 trillion. With exponential adoption still ahead, a doubling or tripling of this figure is feasible.

If the market grows to that scale, a $120 billion valuation is not outlandish for an elite project like Kaspa, representing just 1-2% market share. As Braver notes, Cardano (ADA) briefly surpassed $90 billion in market cap with zero functional product – only an ambitious roadmap.

And that comparison is where Kaspa really shines.

Unlike ADA back then, Kaspa already has a working mainnet capable of industry-leading performance. It manages transaction speeds of one block per second (BPS), significantly faster than rivals. And through ongoing scaling research, the development team aims to push throughput up to 100 BPS in the future.

This would allow Kaspa to rival even traditional payment processors like Visa in transaction capacity. Such game-changing technology is why Braver is so bullish on adoption and price growth ahead.

And beyond raw horsepower, Kaspa has also realized Satoshi Nakamoto’s original vision of fast, cheap, decentralized peer-to-peer digital cash. User growth and merchant acceptance have exploded in recent months as real-world utility shines through.