2024 has marked the best year for the Kaspa (KAS) cryptocurrency, with its price reaching a new peak of $0.2075 on August 1. After breaking key resistance levels, it is currently at $0.175796, and both technical analysis and fundamental factors suggest potential further increases, possibly reaching $0.3 or more by the end of 2024.
Fair-launched in November 2021, the KAS coin has surged from approximately $0.00018 in 2022 to 17 cents at press time. It has a market capitalization of $4.41 billion and ranks among the top 30 cryptocurrencies by market cap.
The Kaspa coin’s consistent growth over its few years can be attributed to various factors, including its unique proof-of-work layer-1 blockchain technology, the GHOSTDAG protocol it uses, and, most importantly, the strong and vast community backing it.
Read more: KAS Coin Spikes as KRC20 Tokens and Kaspa Ecosystem Experience Rapid Growth
Kaspa lands on Kraken exchange; Binance might follow soon.
The latest excitement follows the announcement that the Kaspa coin will be listed on Kraken, the world’s sixth-largest cryptocurrency exchange by trading volume.
On November 14, Kraken revealed that Kaspa (KAS) would start trading on November 19 at 14:00 UTC, with KAS/USD and KAS/EUR trading pairs. This update has generated positive momentum as traders gear up for today’s listing. As a result, we might see an increase in performance following the Kraken listing.
‘Wen KAS?’ you asked 1,000,000 times
Nov 19th – 14:00 UTC$KAS
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👀 Roadmap updates every Thursday ⤵️https://t.co/hv1TlhIJJf pic.twitter.com/wMs2qMEPux
— Kraken Pro (@krakenpro) November 14, 2024
Meanwhile, this initial excitement is already visible in the rising trading volume leading up to the listing. Data shows a 24-hour trading volume exceeding $278 million, marking an 89% increase over the previous day.
Simultaneously, the crypto community speculates that the $4.4 billion market-cap cryptocurrency could soon get listed on the Binance exchange. It’s worth noting that the KAS coin is already among the cryptocurrencies that Binance Pool supports, a platform enabling users to engage in crypto mining.
We may soon see Kaspa (KAS) fully listed for spot trading on Binance, giving access to more than 240 million traders. If this occurs before the end of 2024, the price of Kaspa could rise above $0.3.
KAS coin shows bullish signals
Looking at the chart, the Kaspa price is trading at $0.175 right now. It has been in the spotlight for its impressive price movement, which has gained 10.32% in the past day.
Kaspa price today | CoinMarketCap
After weeks of consolidation, Kaspa has broken through important resistance levels, showing a strong upward trend. Its price is above two key moving averages: the 50-day moving average at $0.13001 and the 100-day moving average at $0.13509. These moving averages provide support, indicating that Kaspa is in a strong upward trend.
Right now, Kaspa’s price is in a good position, but traders should watch for some key price levels. If the price drops, $0.1465 and $0.130 will serve as support. These have been strong support zones before and may hold steady during minor pullbacks.
However, the Kaspa price might face resistance between $0.19 and $0.20, where traders could sell for quick profits. If it moves past this range, the next big targets are $0.25 and then $0.30.
Read more: Polkadot Price Prediction as Crypto Pros See a 90% Surge
