Why Kaspa (KAS) Traders Shift to Binance as KAS Trends on CoinMarketCap – Report

According to crypto analyst Nikita Sidorov, Binance KAS futures started on November 17, and it already has the biggest volume among all exchanges where KAS is listed for futures trading. This shows how much demand Kaspa has among Binance users and how important Binance is. Sidorov says he can’t wait to see a Binance KAS spot trading pair!

On November 16, Sidorov reported that KASPA hit #1 coin on CoinMarketCap for the first time, finally getting the attention it deserves.

Two days later on November 18, Sidorov shared that KASPA is still in the top spots on CoinMarketCap for the third day in a row. He guesses this will create great word of mouth after the spread it’s gotten in recent days.

Traders Shift to Take Advantage

The surge in trading volume and price for KASPA’s KAS token on Binance shows crypto traders are eager to take advantage of the excitement. With KAS consistently ranking highly on CoinMarketCap, a main reference site for crypto prices and data, many traders are shifting funds to Binance to speculate on the fast-rising KAS futures.

Binance offers the most liquid KAS futures trading, even though the token just listed there yesterday according to Sidorov. The quick embrace by Binance traders signals confidence in KASPA’s technology and upside potential.

Read also:

• The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price
• Biggest Meme Coins, Dogecoin and Shiba Inu, Gear Up for Massive Bullish Rallies, but There’s a Catch
• Breaking: Investors Shift from TRON to Emerging Crypto Star for Promising Returns

As KASPA garners more attention, traders will move funds around to profit from the momentum. For now, Binance appears to be the prime spot to capitalize on the KAS rush.

We recommend eToro

74% of retail CFD accounts lose money.

Visit eToro Now

Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Why Kaspa (KAS) Traders Shift to Binance as KAS Trends on CoinMarketCap – Report appeared first on CaptainAltcoin.