Kaspa (KAS) Gains 15% Following Binance Listing
If you’ve been following the cryptocurrency market, you may have noticed that Kaspa (KAS) has surged by more than 15% in the last 24 hours, making it the most talked-about cryptocurrency according to CoinMarketCap. This surge comes as part of a broader upswing that has seen a 2% increase in the total crypto market capitalization. The announcement by Binance that it would launch Kaspa for perpetual trading has been credited for this green run, as it often brings legitimacy and stimulates market interest, boosting the price of the respective cryptocurrency. This news coincided with a significant price hike for KAS, with a 51% increase last week and a 148% increase over two weeks, as well as a 192% improvement in the 30-day performance. The listing also led to an 80% surge in trading volume and an increase in liquidity and market dynamics for KAS.
On the current market, Kaspa is trading at $0.135884, representing a 15% increase in the last 24 hours and a 51% rally in the past week. The market also anticipates further updates on Kaspa’s integration with the OKX wallet and a $1 million airdrop, which are expected to drive further interest. Despite a correction after breaching the upper boundary and setting a new annual high, KAS bounced back, surpassing resistance levels and steadily appreciating. Market watchers believe that the stage is set for an imminent retest of the resistance at $0.137.
Hot Take: Kaspa’s Surge and Potential
Kaspa’s recent surge following its listing on Binance has been remarkable, with significant gains in price, trading volume, and performance. The anticipation of further updates and potential integrations indicate that the market interest in KAS is likely to grow. With positive indicators suggesting potential retests of resistance levels, it’s an exciting time for KAS as it continues to make strides in the crypto market.
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