Kaspa (KAS) caught attention this week when it achieved a staggering $64 million in trading volume yesterday. This enormous volume occurred across just a handful of smaller exchanges, indicating significant pent-up demand for KAS trades on larger platforms.
Noted crypto analyst Cryptographur pointed out on Twitter that Kaspa accomplished this volume on exchanges like Gate and MEXC alone, without the presence of market leaders like Binance, Coinbase, and Kraken. He predicts that KAS is likely to see listings on one or more major exchanges soon, given the trading fees they have been missing out on.
Cryptographur’s assertion is reasonable, as top exchanges like chasing volume from hot assets. And Kaspa certainly qualifies as one of the hottest cryptocurrencies right now. Its combination of privacy features, fast transactions, and ultra-low fees has sparked tremendous interest in the project.
Kaspa enthusiast also tweeted about the two-year anniversary of Kaspa’s mainnet launch this week. He noted that Kaspa’s innovations have made it the leader of a “new generation of cryptocurrencies.”
The community’s continued support for Kaspa after two years of development and growth is a positive signal as well. KAS has room to run higher if exchanges open up access to new investors who currently have no way to buy the token.
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With the foundations laid over the past two years, Kaspa appears ready to capitalize on its momentum and gain more mainstream traction. The project checks many of the boxes that exchanges look for when considering new listings.
All signs point to Kaspa continuing to spread its wings this year. And a presence on leading centralized platforms would further validate the technology and community backing this rising crypto star.
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