Kaspa (KAS) Gains 15% Following Binance Listing
If you’ve been following the digital currency market, you may have noticed that Kaspa (KAS) has surged by more than 15% in the previous day, making it the most talked-about digital currency according to CoinMarketCap. This surge comes as part of a broader upswing that has seen a 2% increase in the total cryptocurrency market capitalization. The notice 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 digital currency. This news coincided with a whole lot of price hike for KAS, with a 51% increase past week and a 148% increase over two weeks, as well as a 192% improvement in the 30-day performance. The listing likewise led to an 80% surge in volume of trading and an increase in liquidity and market dynamics for KAS.
On the present market, Kaspa is currently worth $0.135884, representing a 15% increase in the previous day and a 51% rally in the last week. The market likewise anticipates further updates on Kaspa’s integration with the OKX wallet and a $1 Million airdrop, which are expected to drive further interest. Regardless of 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 whole lot of gains in price, volume of trading, and performance. The anticipation of further updates and probable integrations indicate that the market interest in KAS is very likely grow. With positive indicators suggesting probable retests of resistance levels, it’s an exciting time for KAS as it continues to make strides in the cryptocurrency market.
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