Analysis of the crypto Polygon (POL), Pepe (PEPE), and Kaspa (KAS)

The crypto market continues to be clearly dominated by BTC, as it’s nonetheless in full Bitcoin season, however there are some attention-grabbing actions in some altcoins. At the moment we are going to analyze the efficiency over time of the cryptos POL (Polygon), Pepe, and KAS (Kaspa). 

The evaluation of the costs of the crypto POL (Polygon), PEPE and Kaspa (KAS)

POL is the native cryptocurrency of Ethereum’s layer-2 Polygon.

Polygon has existed since 2020, however beforehand its token was known as MATIC. Since 2023, it has been changed by the crypto POL. 

MATIC in the course of the nice bull run of 2021 recorded an unimaginable worth improve, going from lower than 2 cents to over $2 in lower than six months. 

That giant speculative bubble burst at the start of 2022, and with the implosion of the Terra/Luna ecosystem, it plummeted to $0.4. 

Notice that even after that crash, the worth remained enormously larger than the preliminary lower than $0.02. 

The issue is that, after a good rebound at the start of 2023, the worth of MATIC then continued to fall. 

When the crypto POL was launched, its worth was $0.6, however in 2024 it began a brand new bear section, nonetheless ongoing, which first introduced its worth to $0.3, after which even beneath $0.2 in April 2025. 

The development of the POL worth suffers from two structural issues. 

The primary is a tokenomic not notably good, on condition that it doesn’t have a restrict on the issuance of recent tokens, and certainly the issuance of recent tokens in the marketplace tends to extend the promoting stress. 

The second is the disappointment of expectations, maybe exaggerated, in regards to the Polygon mission. Prior to now, very excessive expectations had certainly been inflated in regards to the evolution of the mission, which, nevertheless, have largely deflated over the previous few years. This has had a miserable impact on the typical shopping for stress.

The development of PEPE

PEPE, then again, is an entire completely different factor. 

This can be a memecoin on the Ethereum blockchain that previously has had its moments of glory.

It was launched in 2023, that’s, after the good bullrun of 2021 and the following bear-market of 2022, so its worth was not affected. 

The increase occurred throughout 2024, beginning round 1 millionth of a greenback, and ending with an unimaginable peak recorded on the finish of the 12 months at 28 millionths. In lower than twelve months, it recorded a acquire of over 3,000%.

Clearly, it was a colossal speculative bubble, which certainly burst shortly after mid-December. 

It needs to be famous that the worth of Pepe has not returned to the preliminary ranges of 2024, however has dropped to settle simply above the degrees of April 2024, which is the underside of 2024 following the primary surge at the start of the 12 months. 

In different phrases, it has canceled all of the positive aspects from the second half of 2024, however retained these from the primary half. 

This dynamic, to be sincere, just isn’t quite common amongst memecoin, whose speculative bubbles usually, once they burst, carry the worth again to the preliminary stage.

Moreover, since it’s evidently a purely speculative asset, it’s not sure that different bubbles could inflate on its worth sooner or later. 

The development of Pepe’s worth tends to carry out very nicely throughout bullruns, producing speculative bubbles that then burst. Subsequently, within the occasion of additional crypto bullruns, it can’t be dominated out that such a dynamic may repeat itself. 

The newest efficiency of Kaspa (KAS)

Additionally, Kaspa is an entire completely different factor. 

This can be a stage one blockchain primarily based on Proof-of-Work, whose native crypto is KAS. 

KAS debuted on the crypto markets in 2022, in the midst of a bear-market, so it’s not too stunning that within the following years it has grown considerably in worth. 

The preliminary worth was about 0.18 thousandths of a greenback, however already the next 12 months it had risen above 30 thousandths. Most probably, the preliminary worth was enormously undervalued, so it’s in all probability higher to take as an preliminary reference the three thousandths of a greenback from August 2022. 

So between August 2022 and March 2023 it had already marked a +1,000%, and since then it has continued to rise till August of final 12 months. 

Curiously, in contrast to different crypto, its worth in 2024 didn’t attain its highs after Trump’s electoral victory, however a number of months earlier. 

In truth, in December 2024 it reached 188 thousandths of a greenback, whereas in August it had recorded the all-time excessive over 207. 

Even in that case, nevertheless, it was a speculative bubble, a lot so that in 2025 its worth fell to 55 thousandths of a greenback a month in the past. 

What’s price noting, nevertheless, is that this decline has nonetheless saved it nicely above the highs of the primary half of 2023, regardless that it has introduced it beneath the highs of December of the identical 12 months. 

In different phrases, the burst of the mini-speculative bubble on KAS worn out all of the positive aspects of 2024, together with these on the finish of 2023 when the bull run of early 2024 started. 

The value chart of KAS reveals that, ranging from 2023, it doesn’t seem as a very speculative development. In truth, it went from 30 thousandths of a greenback to 207 thousandths after which returned to about 90 thousandths. These are fairly frequent actions within the crypto markets, due to this fact not typical of the extra speculative cryptocurrencies, like Pepe. 

Moreover, the rebound of the previous few weeks appears to have drawn a backside in April, with the conclusion of the descending section at the start of 2025.