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NEW YORK – The cryptocurrency market is seeing a notable rise, with Kaspa (KAS) leading the charge, its value soaring over 15% today following Binance’s announcement that KAS will be listed on the list of perpetual exchanges. This move by one of the largest cryptocurrency exchanges significantly contributed to the overall increase in the cryptocurrency market capitalization by approximately 2%.
Kaspa’s recent performance is nothing short of remarkable. CoinMarketCap highlighted that following Binance’s announcement, the trading price of KAS reached $0.135884, marking a daily appreciation of over 15%. This rise is part of a broader trend seen over the past week, where the price of KAS has increased by more than 51%, according to data from CoinGecko. The bi-monthly gain was around 148%, with an increase of almost 192% over the month.
The listing on Binance not only drove up the transaction price, but also caused an immediate price increase of approximately 15%, as well as an approximately 80% increase in trading volumes. Market optimism towards KAS is further boosted by the planned integration with the OKX wallet and the expected $1 million airdrop, which could continue to drive investor interest.
In other cryptocurrency news, (AVAX) also made headlines with a significant 66% surge this week. AVAX’s rise follows its inclusion in the Monetary Authority of Singapore’s (MAS) tokenization initiative, Project Guardian. Trading at $22.10, AVAX saw a monthly rise of 142.59%. This growth is partly attributed to JP Morgan’s Onyx platform which uses AVAX for asset management innovation under Project Guardian.
Furthermore, Near Protocol (NEAR) is not left behind in this bullish crypto climate, with a notable growth of 25% this week and a monthly increase of 82%. NEAR’s partnership with Nym Technologies and reaching a market capitalization of $1,833,935,569 played a vital role in its rise.
In contrast to these gains, the saw a slight decline of 1.5% during the week, but still shows an overall monthly increase of 28%. The saw a 4.9% decline yesterday and a weekly fall of 6.60%, trading at $1,970.23.
Investors are closely following these developments as they reflect both the volatility and potential of cryptocurrency markets. The recent rises highlight the dynamic nature of cryptoassets and their sensitivity to market developments, such as stock exchange listings and technology partnerships.
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