An analysis by the YouTube channel ‘Sin City Crypto’ titled “Kaspa New Exchange listings! (Insider News!)” has revealed that the Kaspa blockchain project is on the verge of being listed on a top-tier cryptocurrency exchange, potentially driving its KAS token price to new all-time highs.

According to insider information cited in the analysis, an alleged credible source stated, “We’re just finishing up final due diligence and paperwork and we’re getting ready to list Kaspa.” The video revealed that Binance is on top of the list of exchanges making efforts to list the crypto.

The analysis notes that Kaspa’s current price pattern mirrors the one observed in November 2023, when the token’s value appreciated by approximately 92%. Furthermore, the daily chart shows a downtrend line flipping to support, a bullish signal that could foreshadow a substantial price run-up. If a similar 90% surge occurs, Kaspa could potentially reach a new all-time high of around $0.216.

Kaspa’s Ecosystem Prepares for Smart Contract Integration
While Kaspa’s transaction throughput remains low due to its current lack of smart contract functionality, this is set to change in June with the introduction of smart contracts. This development is expected to enable a broader range of decentralized applications (dApps) and drive user growth on the platform.

Additionally, Kaspa’s emission schedule is more aggressive than Bitcoin’s, with the current block reward of 110 KAS set to reduce to 104 on June 5th, and continuing to decrease until reaching below 36 tokens by April 2025.

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Previous Exchange Listings Fuel Optimism
Kaspa has already experienced positive price movements following recent listings on exchanges such as Bitget, Uphold, and KuCoin. The KuCoin listing, in particular, generated significant social media buzz, highlighting the strength of Kaspa’s community.

A Binance listing would be a watershed moment for Kaspa, granting the project access to Binance’s vast user base of over 128 million registered users and capturing a substantial portion of the cryptocurrency market share.

The integration of smart contracts will pave the way for the introduction of Kaspa’s KRC-20 token standard, enabling interoperability, scalability, and enhanced security through its ghost consensus protocol. This development is expected to foster broader community engagement and drive the creation of tailored tokenized assets and dApps within Kaspa’s ecosystem.

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Currently trading at around $0.12 with a market cap of $2.83 billion, Kaspa’s all-time high remains within reach, less than 2X away from its peak market cap of $4.3 billion. With the upcoming tier-1 exchange listing anticipated to drive significant interest and trading volume, some analysts speculate that Kaspa could potentially reach $1 or $2 in the current market cycle, should developments and listings proceed as planned.

Moreover, speculation abounds that Coinbase, a prominent U.S.-based cryptocurrency exchange, might follow suit and list Kaspa after Binance, further boosting the token’s visibility and market access. Historically, Coinbase listings have been known to trigger substantial price spikes for listed assets.

As the Kaspa community eagerly awaits the official announcement of the tier-1 exchange listing, the project’s future prospects appear promising, setting the stage for potential growth and heightened adoption in the coming months.

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The post Insider Information Reveals Major Exchange ‘Ready to List’ Kaspa – KAS Price Prediction appeared first on CaptainAltcoin.

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