Congratulations to $kas, the adjustment is over!

Today, I won’t talk about its technical hard core to solve the impossible triangle in the blockchain, nor will I talk about how awesome the founder’s reputation is. I just want to briefly talk about its current market situation.

Since $kas was on the gate until today, we can see from the monthly line that it has experienced a total of 2 relatively large increases. (This does not include March when it was first listed. In my opinion, the starting price of any coin when it was first listed on the exchange does not have much reference significance as a base point for the increase)

Its first sharp rise will be from June to November 2023. During this period, its price rose from a minimum of 0.01197 to 0.155, an astonishing increase of nearly 12 times; the second time was from January to February this year. During this period, the price of $kas rose from 0.074 to 0.18970, an increase of 1.68 times.

As the saying goes, there is no coin that only rises but never falls. After experiencing these two surges, $kas will also undergo market adjustments. What we are experiencing now is the adjustment after its second surge. During this adjustment, the price of the currency fell from the highest of 0.1897 to the lowest of 0.09735, which is close to the half-fold level. This is not a small drop, which makes many people who get on the bus feel really uncomfortable.

Because of this, during this adjustment, many people handed over their chips, and among these people, there were also some large investors who had held hundreds of billions of coins in the early days. The handing over of chips by these large investors, objectively speaking, accelerated the decline of currency prices during this specific period, because the amount of coins they sold was really not a small number.

In this regard, some $kas holders keep criticizing, but in my opinion, we should not blame them, on the contrary, we should thank them. Because, if it weren't for their crazy selling, how would those who were optimistic about $kas have the opportunity to buy kas below 0.1 again in this bull market, which is crazier than any other bull market? In addition, I believe that although the selling behavior of these large investors has caused the currency price to drop a lot and the holders' book funds to shrink a lot, these effects are only short-lived. What's more, what they have done has objectively accelerated the currency price adjustment process and shortened the currency price adjustment cycle. Isn't this a good thing? In fact, it was only after seeing the selling of these tycoons that I was sure of this: a new upward cycle of $kas currency price is coming!