The Crypto market is clearly dominated by BTC as it’s nonetheless in its full Bitcoin season, however there are some fascinating strikes in some Altcoin. Right this moment we are going to analyze the efficiency of cryptography over time. Pol (Polygon), Pepe, and Kas (Kaspa).

Worth evaluation for Crypto Pol (Polygon), Pepe and Kaspa (KAS)

pol Ethereum’s Layer 2 native cryptocurrency polygon.

Polygons have been round since 2020, however beforehand the token was referred to as matic. It has been changed by the crypto Pol since 2023.

In the course of the 2021 Nice Bull Run, Matic recorded an unbelievable worth rise, from beneath 2 cents to over $2 in beneath 6 months.

That large speculative bubble burst in early 2022, plunging to $0.4 because of the collapse of the Terra/Luna ecosystem.

Be aware that even after that crash, the worth remained very excessive than the preliminary $0.02.

The issue is that Matic costs fell after an honest rebound in early 2023.

When Crypto Pol was launched, its priced at $0.6, however in 2024 a brand new Bear part was launched and nonetheless in progress, with the worth initially reaching $0.3 after which beneath $0.2 in April 2025.

Pol worth developments are struggling Two structural points.

First is a Tocon Identify This isn’t notably good contemplating there aren’t any restrictions on issuing new tokens. In actual fact, issuing new tokens out there tends to extend gross sales stress.

The second is Disappointment of anticipationpresumably exaggerated about polygon initiatives. Previously, there have really been an increase in very excessive expectations concerning the evolution of the venture, which have been largely shrinking over the previous few years. This had a miserable impact on common buying stress.

Pepe’s developments

Pepe, Alternatively, it is utterly completely different.

That is Memecoin With the Ethereum blockchain, the place there have been moments of glory prior to now.

It was launched in 2023. That’s, after the nice Bull Run in 2021 and the following Bear Market in 2022, its costs have been unaffected.

The growth occurred in 2024, starting with 1,000,000 {dollars}, about $1 million, and ended with an unbelievable peak recorded at one in 28 million on the finish of the yr. Inside 12 months, we recorded income of over 3,000%.

Clearly, it was an enormous speculative bubble that truly burst in mid-December.

It needs to be famous that Pepe’s costs haven’t returned to their preliminary ranges in 2024, however have fallen to surpass the degrees in April 2024.

In different phrases, we cancelled all income from the second half of 2024, however we retained all income from the primary half.

Truthfully, this dynamic just isn’t quite common amongst memo cash that typically revert the worth again to the preliminary stage when the guess bubble bursts.

Furthermore, it’s clearly a purely speculative asset, so it isn’t sure that different bubbles will inflate to costs sooner or later.

Pepe’s worth developments are likely to work very nicely throughout bull runs, producing speculative bubbles earlier than bursting. Due to this fact, if additional code bullfighting happens, it can’t be dominated out that such dynamics might repeat itself.

Kaspa (Kas)’s newest efficiency

Additionally, Caspa It is utterly completely different.

It is a stage one blockchain based mostly on proof of labor the place native ciphers are KAS.

KAS debuted within the crypto market in the course of the bear market in 2022, so it isn’t too stunning that costs grew considerably over the following yr.

The preliminary worth was about 1/0.18,000 {dollars}, however the next yr it had already risen by greater than 1/30,000. Maybe it might be higher to take one-third-third of the greenback from August 2022 as your first reference, because the preliminary worth was so undervalued.

Due to this fact, between August 2022 and March 2023, it was already at +1,000%, however has since continued to rise till August final yr.

Surprisingly, not like different ciphers, the 2024 worth did not attain highs just a few months in the past after Trump’s election victory.

In actual fact, it reached $188,000 in December 2024, however in August it hit an all-time excessive of over 207.

However even then, it was a speculative bubble, so throughout 2025 its worth fell to $55,000 a month in the past.

Nonetheless, what’s noteworthy is that regardless of falling beneath the December excessive of the identical yr, this decline is much above the highs of the primary half of 2023.

In different phrases, KAS’s mini-specific bubble burst worn out all the advantages of 2024, which have been included on the finish of 2023 when the Bull Run started in early 2024.

The KAS worth checklist reveals that it’s going to not be displayed as a very speculative development from 2023. In actual fact, it went from $30,000 to 1/207,000, then again to about 1/90,000. These are pretty widespread strikes within the crypto market and subsequently usually are not typical of extra speculative cryptocurrencies, like Pepe.

Moreover, rebounds over the previous few weeks seem to have bottomed in April, with the descending stage completed in the beginning of 2025.