{"id":561302,"date":"2023-11-18T11:30:55","date_gmt":"2023-11-18T11:30:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=561302"},"modified":"2023-11-18T10:30:57","modified_gmt":"2023-11-18T10:30:57","slug":"kaspa-binance-listing-sparks-frenzy","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/kaspa-binance-listing-sparks-frenzy\/","title":{"rendered":"Kaspa Binance Listing Sparks Frenzy: 50% Price Surge Captures Investors&#8217; Interest"},"content":{"rendered":"<p>Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in value. This surge aligns with a broader trend, as the entire market capitalization of the crypto market has grown by over 5%, underscoring a substantial increase in overall value.<\/p>\n<p>In the past week alone, Kaspa&#8217;s price has soared significantly, contributing to its standout performance in the dynamic cryptocurrency landscape.<\/p>\n<p>The value of Kaspa (KAS) surged last week after it was added to the Coinbase Global platform, hitting a record high. This is frequently linked to the &#8220;Coinbase effect,&#8221; which gives the listed commodity a sense of legitimacy.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/all\/fidelity-joins-race-for-ethereum-etf\/\" target=\"_blank\" rel=\"noopener \">Crypto Acceptance Grows As Fidelity Joins Race For A Spot Ethereum ETF<\/a><\/div>\n<p>Also, following the announcement of possible expansion in the Bitcoin cloud mining phenomenon, the altcoin saw a sharp increase. In the next days, there will also be updates on KAS&#8217;s integration with the OKX wallet and a $1 million airdrop.<\/p>\n<p>The sentiment gained steam when one of the biggest cryptocurrency exchanges in the world,<a href=\"https:\/\/www.investing.com\/news\/cryptocurrency-news\/kaspa-cryptocurrency-hits-alltime-high-amid-binance-listing-93CH-3237239\" target=\"_blank\" rel=\"noopener nofollow\"> Binance,<\/a> declared that it would launch <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/kaspa-price-jumps-15-as-binance-listing-makes-kas-too-big-to-ignore-202311170200\" target=\"_blank\" rel=\"noopener nofollow\">Kaspa for perpetual trading<\/a>, Friday, drawing interest from investors.<\/p>\n<p>The token&#8217;s price climbed by 15% in just one day as a result of this statement, while trading volume increased by 80% between Thursday and Friday. With better order execution and lively buyer-seller interaction, the increased activity indicates that the market is reacting favorably to the listing.<\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-561303\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-109.png?resize=1002%2C73\" alt=\"\" width=\"1002\" height=\"73\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-109.png?w=1002 1002w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-109.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-109.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-109.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-109.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\">Source: Coingecko<\/pre>\n<p>At the time of writing, KAS was <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">trading at $0.135<\/a>, up nearly 6% in the last 24 hours, and commanding a solid 55% rally in the last seven days, data from crypto price aggregator Coingecko shows.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/SNdryLlZ\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">KAS market cap currently at $2.8 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>As November commenced, there was a notable <a href=\"https:\/\/uniquehot.com\/news\/kaspa-rules-the-weekend-top-100-coin-roster-with-63-rally-details\/\" target=\"_blank\" rel=\"noopener \">positive turn of events<\/a> as the price successfully breached the upper boundary, signaling a potential shift in market dynamics.<\/p>\n<p>Subsequently, the Kaspa coin witnessed <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/kaspa-price-jumps-15-as-binance-listing-makes-kas-too-big-to-ignore-202311170200\" target=\"_blank\" rel=\"noopener nofollow\">substantial price movement,<\/a> attaining a fresh annual peak. However, it encountered resistance and was turned away at the $0.09732 mark, leading to a correction with a decline exceeding 10% in value.<\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-561306 size-medium\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-110.png?w=460&#038;resize=460%2C305\" alt=\"\" width=\"460\" height=\"305\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-110.png?w=623 623w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-110.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\">KAS seven-day price action. Source: <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/pre>\n<p>Despite this setback, Kaspa&#8217;s price regained traction, surpassing resistance levels and steadily appreciating. In more recent developments, the price confronted rejection at $0.137, setting the stage for an imminent retest of this level, the outcome of which remains uncertain.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/options-frenzy-bitcoin-rally-to-37000-sparks-explosive-open-interest-surge\/\" target=\"_blank\" rel=\"noopener \">Options Frenzy: Bitcoin Rally To $37,000 Sparks Explosive Open Interest Surge<\/a><\/div>\n<p>On average, the price of a newly listed coin on the Coinbase exchange tends to increase by over 80% within the first five days of its listing. Notably, Kaspa has had a growth of more than 60% since reaching a low of $0.0800 on November 13.<\/p>\n<p>The act of becoming publicly listed on the top cryptocurrency exchange in terms of trading volume is indicative of establishing credibility and authenticity.<\/p>\n<p>Even while metrics like the Relative Strength Index (RSI) indicate that Kaspa might be overbought, upside is still possible. Long-term investors may have an opportunity if KAS can break above $0.140 and achieve a new range high of $0.148, according to market observers.<\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em>Featured image from Pixabay<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in value. This surge aligns with a broader trend, as the entire market capitalization of the crypto market has grown by over 5%, underscoring a substantial increase in overall value. In the past week alone, Kaspa&#8217;s price has soared significantly, contributing to its standout performance in the dynamic cryptocurrency landscape. The value of Kaspa (KAS) surged last week after it was added to the Coinbase Global platform, hitting a record high. This is frequently linked to the &#8220;Coinbase effect,&#8221; which gives the listed commodity a sense of legitimacy. Related Reading: Crypto Acceptance Grows As Fidelity Joins Race For A Spot Ethereum ETF Also, following the announcement of possible expansion in the Bitcoin cloud mining phenomenon, the altcoin saw a sharp increase. In the next days, there will also be updates on KAS&#8217;s integration with the OKX wallet and a $1 million airdrop. The sentiment gained steam when one of the biggest cryptocurrency exchanges in the world, Binance, declared that it would launch Kaspa for perpetual trading, Friday, drawing interest from investors. The token&#8217;s price climbed by 15% in just one day as a result of this statement, while trading volume increased by 80% between Thursday and Friday. With better order execution and lively buyer-seller interaction, the increased activity indicates that the market is reacting favorably to the listing. Source: Coingecko At the time of writing, KAS was trading at $0.135, up nearly 6% in the last 24 hours, and commanding a solid 55% rally in the last seven days, data from crypto price aggregator Coingecko shows. KAS market cap currently at $2.8 billion. Chart: TradingView.com As November commenced, there was a notable positive turn of events as the price successfully breached the upper boundary, signaling a potential shift in market dynamics. Subsequently, the Kaspa coin witnessed substantial price movement, attaining a fresh annual peak. However, it encountered resistance and was turned away at the $0.09732 mark, leading to a correction with a decline exceeding 10% in value. KAS seven-day price action. Source: Coingecko Despite this setback, Kaspa&#8217;s price regained traction, surpassing resistance levels and steadily appreciating. In more recent developments, the price confronted rejection at $0.137, setting the stage for an imminent retest of this level, the outcome of which remains uncertain. Related Reading: Options Frenzy: Bitcoin Rally To $37,000 Sparks Explosive Open Interest Surge On average, the price of a newly listed coin on the Coinbase exchange tends to increase by over 80% within the first five days of its listing. Notably, Kaspa has had a growth of more than 60% since reaching a low of $0.0800 on November 13. The act of becoming publicly listed on the top cryptocurrency exchange in terms of trading volume is indicative of establishing credibility and authenticity. Even while metrics like the Relative Strength Index (RSI) indicate that Kaspa might be overbought, upside is still possible. Long-term investors may have an opportunity if KAS can break above $0.140 and achieve a new range high of $0.148, according to market observers. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Pixabay<\/p>\n","protected":false},"author":557,"featured_media":561308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,10768,6664,88054,88053],"class_list":["post-561302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-binance","tag-crypto","tag-kas","tag-kaspa"],"acf":[],"yoast_head":"\n<title>Kaspa Binance Listing Sparks Frenzy, Token Soars: 50%<\/title>\n<meta name=\"description\" content=\"Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/kaspa-binance-listing-sparks-frenzy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kaspa Binance Listing Sparks Frenzy, Token Soars: 50%\" \/>\n<meta property=\"og:description\" content=\"Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/kaspa-binance-listing-sparks-frenzy\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-18T11:30:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-18T10:30:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-111.png?fit=884%2C583\" \/>\n\t<meta property=\"og:image:width\" content=\"884\" \/>\n\t<meta property=\"og:image:height\" content=\"583\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/kaspa-binance-listing-sparks-frenzy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/kaspa-binance-listing-sparks-frenzy\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Kaspa Binance Listing Sparks Frenzy: 50% Price Surge Captures Investors&#8217; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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