Kaspa (KAS), a Layer-1 blockchain implementing the innovative GHOSTDAG protocol for parallel block creation, currently trades at $0.04852 with a $1.30 billion market cap on Gate and 31 other exchanges. This comprehensive analysis examines KAS's market position, historical price movements from its 2022 low of $0.00017105 to its 2024 peak of $0.207411, and identifies core drivers including token emission mechanics, institutional mining support, and ecosystem development. The article provides detailed price outlooks from 2026-2031 across conservative, neutral, and optimistic scenarios, with 2031 ranging from $0.03332 to $0.06725. Tailored investment strategies address beginners, experienced traders, and institutions, emphasizing dollar-cost averaging, technical analysis, and risk management through portfolio diversification. Essential risk considerations include price volatility, regulatory uncertainty for proof-of-work systems, and competition within the Layer-1 landscape, enabling informed decision-making for