2024-11-9 17:30

Analyst Tkala (@tkalakaspa) lately shared insights into Kaspa’s (KAS) potential listing on Tier 1 (T1) exchanges, such as Binance and Coinbase. His observations point to behind-the-scenes buying strategies and strategic timing aimed at maximizing returns.

The analyst explains how major exchanges might be preparing for a favorable listing opportunity, drawing attention to Kaspa’s unique market position and the role of OTC (Over-the-Counter) purchases.

OTC Purchases Keep Kaspa’s Price Stable

Tkala suggests that T1 exchanges seeking to list Kaspa likely acquire significant quantities of the coin OTC to ensure liquidity and avoid shifting public prices. By buying large volumes at a discount of 20-30% compared to market prices, exchanges minimize visibility and price fluctuations typically seen with retail transactions.

According to Tkala, this may explain why Kaspa has maintained a stable price around $0.11, as these bulk acquisitions do not directly influence exchange prices. Instead, OTC purchases allow big players to accumulate without impacting the coin’s immediate market value.

https://twitter.com/tkalakaspa/status/1855007395753111954 Strategic Timing and Bullish Market Conditions

Exchanges aim to list assets at optimal times to ensure profitability. Tkala highlights that exchanges like Binance and Coinbase would prefer to list Kaspa when market conditions are bullish, enabling them to sell their holdings to the public at a profit.

Given recent economic uncertainties and events such as the U.S. election, exchanges may have delayed listing plans. However, should economic prospects brighten under new administration policies, bullish market momentum could become more likely, setting the stage for a well-timed listing.

Read also: Here’s Why Cronos (CRO) Crypto Price Is Pumping

Kaspa’s Appeal as a Unique Market Opportunity

In Tkala’s view, Kaspa presents a rare investment opportunity for exchanges. With its strong fundamentals and rapid development trajectory, Kaspa offers substantial potential compared to many other projects.

This uniqueness may prompt T1 exchanges to capitalize on the project when conditions align, offering substantial returns. By waiting for the “perfect moment” to list Kaspa, exchanges could maximize gains, leveraging the project’s momentum for revenue.

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The post Kaspa (KAS) Listing on Major Exchanges? Here’s Why Timing Is Key appeared first on CaptainAltcoin.

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