Analysis of the crypto Polygon (POL), Pepe (PEPE), and Kaspa (KAS),
POL, formerly known as MATIC, is the native token of Ethereum’s layer-2 Polygon. After soaring during the 2021 bull run, its value has sharply declined, falling below $0.20 by April 2025. The drop is driven by two key issues: unlimited token issuance increasing selling pressure, and unmet high expectations around Polygon’s development. These factors continue to weigh heavily on investor confidence and price momentum in the ongoing bear phase.
The trend of PEPE
PEPE is a memecoin on the Ethereum blockchain that gained popularity for its explosive growth in 2024. Launched in 2023, it wasn’t affected by the 2021 bullrun or the 2022 bear market. Its price skyrocketed in 2024, rising from about 1 millionth of a dollar to 28 millionths by year’s end—a gain exceeding 3,000%. This sharp rise was a classic speculative bubble, which burst shortly after mid-December. However, unlike most memecoins that crash back to initial levels, PEPE has maintained value above its early 2024 lows, effectively holding gains from the first half of the year. This resilience is unusual in the memecoin space, where dramatic crashes often erase all prior gains. As a highly speculative asset, PEPE remains vulnerable to market sentiment but could experience similar surges in future bull markets. Its price history suggests that it thrives during bullish phases, making it a potential candidate for renewed speculation.
The latest performance of Kaspa (KAS)
Kaspa (KAS) is the native coin of a Proof-of-Work layer-one blockchain that launched in 2022 during a bear market. Initially undervalued, KAS surged from 3 thousandths of a dollar in August 2022 to over 207 thousandths by August 2023. While it experienced a speculative bubble, peaking in December 2024 at 188 thousandths, its 2025 drop to 55 thousandths still left it well above early 2023 levels.
