{"id":524999,"date":"2023-03-30T11:55:20","date_gmt":"2023-03-30T11:55:20","guid":{"rendered":"https:\/\/wncen.com\/?p=524999"},"modified":"2023-03-30T13:29:43","modified_gmt":"2023-03-30T13:29:43","slug":"this-little-known-crypto-is-shooting-up-nearly-90-heres-why","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/this-little-known-crypto-is-shooting-up-nearly-90-heres-why\/","title":{"rendered":"This Little-Known Crypto Is Shooting Up Nearly 90% – Here’s Why"},"content":{"rendered":"
Investors on Kaspa have been enjoying gains as KAS, which is the protocol\u2019s native crypto, has followed the general market trend upward. According to <\/span>CoinGecko<\/span><\/a>, the token has increased by more than 4% in the past 24 hours. <\/span><\/p>\n The biggest gains were made in the bi-weekly timeframe, with an outstanding 117% increase, and during the last seven days that gave KAS a nearly 90% increase.<\/span><\/p>\n This is a result of the protocol\u2019s drive to get KAS listed on multiple exchanges, which increases the visibility of KAS to potential investors. The crypto currently has a market cap of $500 million.<\/span><\/p>\n <\/p>\n <\/p>\n While the team behind Kaspa certainly has plans to improve the ecosystem, their current focus appears to be on getting KAS listed on reputable exchanges. Just yesterday, the token was <\/span>listed<\/span><\/a> on BYDFi, a US-based exchange, adding to a string of successful listings.\u00a0<\/span><\/p>\n Earlier this week, it was also listed on <\/span>HotBit<\/span><\/a> and <\/span>Gate.io<\/span><\/a>, two reputable exchanges with a solid track record of years in the industry.\u00a0<\/span><\/p>\n \ud83d\udcc8 NEW LISTING ALERT! $KAS<\/a> just got listed on @Hotbit_news<\/a><\/p>\n \u2022 KAS\/USDThttps:\/\/t.co\/POtCGBlGpX<\/a>#KAS<\/a> #kaspa<\/a> #USDT<\/a> pic.twitter.com\/PWTkuWpl5w<\/a><\/p>\n \u2014 Kaspa (@KaspaCurrency) March 27, 2023<\/a><\/p><\/blockquote>\n KAS is now available for deposit and withdrawal on<\/span> DigiFinex<\/span><\/a>, another cryptocurrency exchange that was established in 2017. However, it wasn’t all sunshine and rainbows for the Kaspa community. Recently, they were <\/span>targeted<\/span><\/a> by a phishing attack that aimed to deceive users who wanted to use their web wallets.<\/span><\/p>\n According to Kaspa’s official Twitter account, scammers allegedly paid for ads with malicious URLs that imitated the ones used by Kaspa. However, this incident also indicates that the protocol is gaining ground in the cryptocurrency industry, to the extent that hackers and other malicious actors have taken notice.<\/span><\/p>\n Withdrawals and Deposits are now open for $KAS<\/a> on @DigiFinex<\/a> . #Kaspa<\/a> #DigiFinex<\/a> #trading<\/a> https:\/\/t.co\/eVjHavsAHE<\/a><\/p>\n \u2014 Kaspa (@KaspaCurrency) March 24, 2023<\/a><\/p><\/blockquote>\n After massive gains in the past few days, the bulls hit resistance at $0.0369 and were left exhausted. As a result, the coming week could bring pain to investors of the token, potentially causing it to drop toward $0.0248.<\/span><\/p>\n If this happens, investors and traders should focus on defending the $0.0248 support level, as a bearish breakthrough could lead to the bears clawing back toward $0.0163.<\/span><\/p>\n <\/p>\nSource: CoinMarketCap<\/pre>\n
Source: Coingecko<\/pre>\n
On-Chain Developments And Major Listings For The Crypto<\/strong><\/h2>\n
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Massive Correction Facing KAS In The Short-Term<\/strong><\/h2>\n
Crypto total market cap currently at $1.14 trillion on the daily chart at TradingView.com<\/a><\/pre>\n