Why do some observers insist that Kaspa deserves more attention while others overlook it? The answer often comes down to its unique design. Unlike many projects that leaned heavily on pre-mines or venture capital allocations, Kaspa has grown without shortcuts. Every KAS coin is mined or bought on the open market, a fact that continues to shape how analysts talk about Kaspa price in 2025.
Skibum Trading, a longtime market commentator, noted that KAS has no pre-mine, no pre-sale, and no locked tokens waiting to be dumped. According to him, this makes Kaspa price movements more natural than projects weighed down by insider allocations. He describes it as a fair system where every participant enters through the same gate.
Fairly convinced there are some well-to-do investors circling $KAS, waiting until everyone loses hope before they swoop in and send it. $KAS had no pre-mine, no pre-sale, no vesting tokens for VCs to pump and dump.
— S𐤊i ₿um Trading
Therefore, all $KAS coins need to be accumulated at market… pic.twitter.com/pC2qrglqWY(@skibumtrading) September 30, 2025
This setup has kept Kaspa from the wild swings seen in tokens where venture capital unlocks can suddenly flood supply. The result is a slower, steadier form of price discovery, one that reflects real demand instead of financial engineering.
Kaspa And The Bitcoin Parallel
Some of the most striking comparisons come from analysts like dc 𐤊, who has followed proof-of-work networks for years. He believes Kaspa has done what many thought impossible by solving the blockchain trilemma while still staying true to decentralization. His words point out that Kaspa blocks are already processed every second and could become even faster through DAGKnight, its ongoing upgrade.
This perspective places Kaspa closer to Bitcoin in spirit, while adding scalability that makes it practical for everyday use. dc 𐤊 even described Kaspa as “the biggest phenomenon” he has seen in crypto since 2017, suggesting that overlooking it today could echo the way Solana was underestimated before its breakout.
The Hidden Strength Behind Kaspa
Fair distribution remains one of Kaspa’s strongest features. Skibum Trading stressed that without insider tokens waiting to unlock, KAS avoids the sharp selloffs that often crush early investors in other projects. This has allowed Kaspa price to remain surprisingly resilient, even through bear market cycles.
The absence of insider pressure also builds a community of holders who see Kaspa as a long-term bet rather than a quick speculation. That difference often means slower headlines but deeper conviction, which may explain why so many analysts describe Kaspa as undervalued compared to its peers.
Why Some See Kaspa As Undervalued
Skibum Trading also pointed out that Kaspa, sitting near a $2B market cap, feels like an “asymmetric bet.” His memory of watching KAS move from $0.005 in 2023 to $0.07 in 2025 supports the idea that even these modest valuations may look cheap in hindsight.
Similarly, dc 𐤊 emphasized that Kaspa’s fair launch, combined with the lack of heavy marketing, has led to an unusual disconnect between fundamentals and market valuation. He noted that some analysts admitted to being paid to leave Kaspa out of comparisons, which only deepens the argument that KAS remains overlooked.
$kas fast forward 9 months..it’s kind of funny how little I knew about kaspa at this point reading through this whole thing but pretty much everything was correct here
— dc 𐤊 (@dworktoshi) September 30, 2025
I knew so little about how proof of work networks operate that I had no clue at the time I was posting a short… https://t.co/mRrCEghONNpic.twitter.com/sFKqOwCwyb
The forward-looking story adds another layer. dc 𐤊 believes that once Kaspa develops an open-source Layer 2, its role in DeFi could rapidly expand. Since KAS would also act as the gas token for those applications, new layers of demand could enter the market. That vision makes the long-term potential of Kaspa price a compelling conversation point.
What stands out here is not just the technology, but also the conviction behind those watching closely. Both Skibum Trading and dc 𐤊 frame Kaspa as one of the few projects that continues to grow without cutting deals or chasing hype.