A new video from Freeman of Finance is causing a stir in the Kaspa community. In the video, the analyst gives a sobering take on the Kaspa price outlook, arguing that KAS may not hit a new all-time high during this market cycle. He backs this up with detailed chart analysis, market behavior, and comparisons with Bitcoin’s dominance.
The analyst begins by saying that more Bitcoin maxis are starting to show interest in Kaspa, which is a good sign. But despite this growing attention, he believes Kaspa is not ready for another major run yet. In fact, he thinks the four-year cycle that many crypto investors rely on is no longer useful—and that the market no longer follows those predictable patterns.
Comparing Kaspa’s Moves to Bitcoin’s Momentum
According to Freeman of Finance, Kaspa has already done something remarkable. While Bitcoin only doubled during a certain period, Kaspa did a 14,000x. That kind of explosive move, he says, changes everything. The KAS price skyrocketed early, when most other coins were quiet. But now that Bitcoin is gaining strength again, Kaspa is trending down, not up.
In his view, this signals a major shift in how cycles play out. The Kaspa price is not reacting the same way it did in the past. Instead of surging with Bitcoin, it seems to be moving in the opposite direction.
The analyst also explains why the KAS price hasn’t taken off again despite all the development within the Kaspa ecosystem. He points to the launch of KRC20 tokens—a major step forward that brought memecoins and other digital assets into the Kaspa network. However, there was one big issue: Kaspa doesn’t have smart contracts.
Without smart contracts or a working decentralized exchange, new users struggle to get involved. He mentions that trading KRC20 tokens right now is more like posting an item on eBay and hoping someone buys it. That’s a huge friction point for growth, and one of the reasons he believes Kaspa has failed to sustain its earlier momentum.
A New Exchange May Change Everything
But the analyst does see some hope. He points to the upcoming launch of Zellus Swap, the first proper decentralized exchange for Kaspa. This new platform will make it easier to trade Kaspa-based tokens and give users something closer to the Uniswap experience they’re used to from Ethereum.
He thinks Zellus Swap could be the spark Kaspa needs but it hasn’t launched yet. Until then, the ecosystem lacks the basic infrastructure needed for wider adoption.
The analyst is clear that KAS might still go much higher in the future. But for now, he doesn’t believe it will reach a new all-time high in this current bull cycle. Part of the reason is technical: the charts aren’t showing a higher high, and there’s still too much weakness in price action.
But he also mentions bigger picture trends. Institutional money is pouring into Bitcoin, pushing BTC higher. But during this period, Kaspa is mining and distributing rewards—adding sell pressure to the market. That can slow down momentum.
He also thinks there will be a rotation at some point. When Bitcoin reaches its peak—and possibly even hits $145,000—people might start taking profits and move money into undervalued projects like Kaspa. In that moment, KAS could finally begin a strong run, even if the rest of the market is in a downturn.
The Vision Behind Kaspa and Its Founder
Freeman of Finance gives credit to Jonathan Sampolitsky, the mind behind Kaspa. He says Sampolitsky has deep ties to Bitcoin’s early development and designed Kaspa to be a more scalable proof-of-work network.
Kaspa processes 10 blocks per second and is already listed on multiple exchanges, including Kraken in the US. But it’s still waiting on a Coinbase listing, which could bring more mainstream exposure. These building blocks are important, but the analyst believes the next big leap will only happen once smart contracts and the decentralized exchange are fully live.
Kaspa’s Potential in a Bear Market
Even though the Kaspa price has been flat for months, Freeman of Finance argues that KAS might outperform during the next bear market. Why? Because when Bitcoin cools off and people pull profits, they’ll be looking for new opportunities—and Kaspa’s fundamentals are strong.
He points to other altcoins that have surged recently. XRP is up over 500%, Hedera has done 3x to 8x, and Hyperliquid soared from $6 to $38. Meanwhile, Kaspa stayed mostly flat. That could mean it’s still undervalued and has room to grow when the right moment arrives.
The key message from Freeman of Finance is that Kaspa’s time might not be now, but its moment could still come. The analyst believes that smart contracts, a working DEX, and user-friendly tools will be essential for Kaspa to thrive.
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Until then, the Kaspa price may continue to lag behind the rest of the market. But if Bitcoin peaks soon and the rotation begins, Kaspa could surprise everyone—especially those who were expecting the usual four-year cycle to repeat.
He invites viewers to stay tuned for updates, especially with the Zellus Swap AMA coming up. And as always, he reminds everyone this is not financial advice.
Still, one thing is clear: while the KAS price may not reach a new high this cycle, the story of Kaspa is far from over.
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The post Analyst Says Kaspa Won’t Reach a New All-Time High This Cycle: Reveals Key Reasons appeared first on CaptainAltcoin.
