Kaspa (KAS) Price Prediction 2024: Will KAS Hit $0.3 This Year?
- Patricia ArquetteOriginal
- 2024-11-19 18:46:46450browse
2024 has marked the best year for the Kaspa (KAS) cryptocurrency, with its price reaching a new peak of $0.2075 on August 1.
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The price of Kaspa (KAS) has surged to $0.175796, following a breakout from key resistance levels. Technical analysis suggests potential for further increases, possibly reaching $0.3 or more by the end of 2024.
The KAS coin, which was launched in November 2021, has seen remarkable growth over the past few years. It began 2022 trading at around $0.00018; its price has since surged to 17 cents at press time.
Several factors have contributed to this consistent growth, including Kaspa's unique proof-of-work layer-1 blockchain technology, the GHOSTDAG protocol it utilizes, and the strong community backing it.
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 announced that Kaspa (KAS) will 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 prepare for today’s listing. As a result, we might see an increase in performance following the Kraken listing.
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Meanwhile, this initial excitement is already visible in the rising trading volume leading up to the listing. Data shows a 24-hour trading volume that has exceeded $278 million, marking an 89% increase over the previous day.
At the same time, 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.
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