The cryptocurrency market has a mixed outlook today. Leading cryptocurrency Bitcoin is having difficulty advancing, even though it is in the green zone. Many altcoins are moving in the red zone. However, some tokens such as Kaspa are attracting attention with their rise. In this environment, good news about the listing for KAS came from Binance, the world’s largest cryptocurrency exchange.
Binance gave the good news of listing in futures, altcoin is flying!
‘cryptokoin.com’As you follow from, uncertainty prevails in the market today. Most cryptocurrencies, including the leading altcoin, are consolidating. However, there are also projects that attract attention with their strong rise. One of these is undoubtedly Kaspa Network (KAS). In the midst of this rise, good news came from Binance. The giant cryptocurrency exchange announced that it will add KAS to its list in the futures market. According to its official announcement, Binance will list the token on November 17 at 05:00 UTC with 50X leverage. KAS, which was already on the rise, continued on its way after this news. The altcoin moved up more than 10% following the news. Thus, KAS increased its earnings in the last 24 hours by close to 30% at one point.
KAS attracts attention with its meteoric increase!
The crypto market total capitalization recorded a gain of over 1%. However, there are also some cryptos that diverge significantly from the market. One of them is Kaspa (KAS). The altcoin price has outperformed the industry, with an increase of around 30% on a daily basis. Kaspa price experienced a massive increase following news of potential growth in the Bitcoin cloud mining phenomenon. Additionally, KAS’s integration with the OKX wallet catalyzed this increase. Moreover, developments regarding the upcoming airdrop of 1 million dollars were also effective in this. Finally
Since June, KAS has increased by an astronomical 71,669%. It was the best performing cryptocurrency during this period. In the last 24 hours alone, KAS has increased by over 30%, reaching an all-time high of $0.14. This meteoric rise has propelled Kaspa into the top 30 cryptocurrencies globally, with a market cap of over $2.8 billion. So what is the reason behind this parabolic fluctuation?
Let’s look at the basics of the altcoin project
Kaspa is a decentralized, open source and highly scalable layer-1 blockchain protocol. It implements a new consensus mechanism called GHOSTDAG, which allows it to process transactions with lightning speed and high security. Kaspa, a PoW cryptocurrency like Bitcoin or Monero, has no central management. It is completely community driven and permissionless. Moreover, it follows the ethos of censorship-resistant money.
KAS is the native token of the Kaspa network used to pay fees and distribute mining rewards. The project was founded by cryptographer Yonatan Somplinsky, one of the creators of GHOSTDAG. Kaspa’s blockDAG architecture generates multiple blocks per second to send transactions to its ledger. This allows fully approved transfers in just 10 seconds, making Kaspa perfect for daily transactions.
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