Kaspa (KAS) has been making waves in the crypto world, showing speed, innovation, and real potential, yet Binance and CZ seem to be giving it a cold shoulder. Analyst Mitchell Lim from his YouTube channel explored this puzzling situation, shedding light on why one of the fastest-growing proof-of-work projects remains off the world’s largest crypto exchange.
KAS price has been holding steady despite the lack of listing on major platforms. The price hovered around $0.05, slightly down from $0.057, showing minor fluctuations but nothing extreme. Weekly performance shows a dip of just under 10%, while the month remains in the positive at around 16%.
Historical data points out that December has not been a strong month for Kaspa, often reflecting negative returns, yet KAS is holding firm, which is impressive given its current visibility. The trading volume for KAS has reached over $26 million, with market capitalization slightly above $1.4 billion. These figures suggest steady investor interest even without the Binance listing, indicating KAS token has underlying value recognized by the market.
Kaspa Token Continues to Advance Technology
Kaspa token isn’t just any blockchain project. Its unique approach to solving the blockchain trilemma has attracted attention from tech enthusiasts. The recent Crescendo hard fork boosted Kaspa from 1 block per second to 10 blocks per second. Plans are already in motion to reach 32 blocks per second, with a long-term vision of hitting 100 blocks per second. Comparisons with Ethereum and Bitcoin highlight KAS’s efficiency, as it can handle transactions faster without compromising proof-of-work security.
Mitchell Lim emphasized that these technical achievements make Kaspa a project worth watching, even if it hasn’t yet caught Binance’s eye. The scalability, low fees, and block DAG architecture give KAS an edge over older networks struggling with congestion and high costs.
Why Binance Might Be Ignoring Kaspa
According to Mitchell Lim, the mystery of Binance ignoring Kaspa becomes clearer when looking at recent events. During the Blockchain 100 awards, Kaspa founder Yonatan declined to attend because Binance had still not listed KAS token. Even after winning first place, Binance did not publicly acknowledge his achievement, leaving the community puzzled.
Binance has a history of listing meme coins with little utility while claiming their focus is on projects with real-world usage. Kaspa token, offering strong technology and proof-of-work scalability, doesn’t fit this selective pattern, which may explain why it has been overlooked. Mitchell Lim points out that the combination of Binance’s inconsistent listing criteria and Kaspa’s emphasis on long-term innovation could be why KAS remains off the platform.
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KAS price movements suggest the market sees potential even without Binance support. Investors like Mitchell Lim continue to accumulate KAS, buying when the price dips to strengthen long-term positions. Historical patterns indicate volatility, yet the underlying technology and growth prospects of Kaspa provide reasons for optimism. Lim encourages studying the project, understanding its block DAG system, and recognizing its potential to scale efficiently. KAS token remains one of the few proof-of-work networks capable of balancing speed, security, and decentralization, a combination rarely seen in the crypto space.
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