$KAS to 5 cents next? October hype explodes

Hey, welcome to Kaspa Daily Pulse, here's what the Kaspa community's been buzzing about today.

First up, price action has the bulls feeling VERY confident. Kaspa was explicitly quoted around 4.6 cents, with one community member saying it was nearing their average entry. According to figures shared in the chat, KAS gained roughly 63 percent on the monthly candle, compared with 38 percent for Litecoin and 24 percent for Bitcoin Cash. Members also pointed to strength across KAS against the dollar, KAS against Bitcoin, and Kaspa dominance. One trader described the dollar chart as having accumulated almost vertically for around 45 days.

The big psychological target is now five cents. Several people expect Kaspa to move above that level and stay there, while others warned that having too many traders waiting for the same target could make the move difficult. Predictions of a new all-time high next month were thrown around too, but those were clearly community speculation, not confirmed forecasts.

Second, open interest became a major talking point. Members claimed Kaspa's open interest remains relatively small compared with coins like Zcash, Uniswap, and Arbitrum. The bullish interpretation was that Kaspa has less heavily leveraged positioning available for liquidation cascades, especially since many community members say they are holding spot. There was pushback, though. Some traders argued that open interest can be delayed or unreliable, and that high open interest does not automatically stop a coin from trending.

Third, the community debated why Kaspa has struggled to reproduce some of its earlier explosive moves. One answer pointed to Kaspa reportedly being around 96 percent mined, contrasting that with newer proof-of-work projects still inside their major emissions phase. That led to a broader discussion about emissions, miner incentives, and whether launching a high-emission coin is enough to generate value. The consensus there was basically... no. Distribution alone does not create demand.

Finally, partnership talk returned. Some holders want a major traditional-finance partnership similar to deals they associate with QNT or HBAR. Others emphasized that Kaspa is decentralized, not a company, and noted that its latest move happened without any announced partnership. In other words, the community would welcome extra rocket fuel, but many do not believe Kaspa needs a corporate deal to perform.

Overall, today's mood was strongly bullish, with five cents dominating the conversation and October carrying some seriously high expectations.

That's it for today's pulse. Let's see what tomorrow brings. Catch you then.