Kaspa (KAS) experienced a significant price rise following the announcement of its listing on the Kraken exchange, generating interest among investors.
Kaspa Price Surge on Listing News
Kaspa (KAS) surged 18.9% to $0.15276 after Kraken announced its listing. Trading for KAS will begin at 14:00 UTC on November 19, with potential geographic restrictions. The KAS community hopes that Binance and Coinbase will follow Kraken in listing the asset. The 1-day trading chart shows KAS is in bullish momentum with a Relative Strength Index of 60.79.
Market Reaction to Kraken Listing
The announcement of the Kraken listing spurred buying enthusiasm and increased KAS trading volumes by 68.18%, resulting in a market capitalization increase to $3.62 billion. The market is reacting positively to the listing, with many traders becoming more active, contributing to increased asset liquidity.
Recent Developments in Kaspa
Kaspa (KAS) recently introduced the KRC-20 token standard, providing smart contract functionality to its blockchain, leading to a surge in network activity effectively managed by the innovative GHOSTDAG PoW consensus mechanism.
Kaspa continues to show significant growth amid the upcoming Kraken exchange listing. Future events and developments could further strengthen the asset's position.
