Kaspa Gets Listed on Coinone, KAS Coin Now Up Over +800% YTD

 Key takeaways

• Kaspa (KAS) has been announced as a new listing on Coinone, a South Korean exchange that will offer a KAS/KRW trading pair
• KAS has enjoyed a breakthrough year in 2023, climbing +881% YTD to take a spot in the top 50 cryptocurrencies by market capitalization
• Algorithm predicts continued bullish momentum for KAS with another major surge expected before 2025

Announcement

Coinone, a digital asset exchange based in South Korea, has unveiled Kaspa (KAS) as a new listing on its spot market in a pair with South Korean Won (KRW). KAS has remained relatively stable today moving -0.09% down, however its price action during 2023 has been extremely positive.

KAS has risen +881% YTD in what has been a breakthrough year for the blockchain. Kaspa combines a proof-of-work security layer with a directed acyclic graph (DAG) consensus layer, which helps the blockchain to achieve high levels of security and scalability at the same time.

The project was initially created in May 2022 during a fair launch. Since then, KAS has rocketed +24,910% to reach its current price of $0.0497. The project continues to make strides towards gaining a wider level of adoption, with the Coinone exchange listing being its second listing in recent times.

In July, Kaspa — which is a community-run project — started a crowdfunding campaign to generate enough liquidity so that it could launch on a tier 1 exchange. This campaign turned out to be a success, with KAS being listed on Bybit in September.

The recent addition of Coinone will give Korean crypto investors direct exposure to KAS using the local currency, which could help to attract more trading volume for a digital asset that has surged into the crypto top 50 in a short space of time.

Algorithm predicts more positive price action for KAS over the coming months

After climbing +35.46% in the past 3 months, KAS looks set to continue its recent run. The bull trend for KAS can be traced back all the way to its fair launch in May 2022, with the layer-1 blockchain outperforming the rest of the crypto markets by an order of magnitude in 2023.

This year, the total crypto market cap has risen +63.11% — substantially below Kaspa’s +881%. Perhaps even more tellingly, the total crypto market cap minus Bitcoin (BTC) and Ethereum (ETH) reveals an even greater outperformance for KAS when compared against the wider altcoin market. YTD, TOTAL3 has climbed just +20%.

The algorithm expects KAS to rise by a further 7.6% within the next 6 months, which would take the token to a $0.0534 price level by Q2 2024. From here, KAS is expected to continue climbing, with early forecasts suggesting that it could make its way towards $0.10 before 2025.

Bottom line: Kaspa climb continues as it approaches a possible break-out level

Recent exchange listings are expected to bring more trading volume for KAS and increased exposure for the project. KAS has held up relatively well around its all-time high price level of $0.538, which could signal that a break-out is imminent if the wider crypto markets sustain their bullish momentum.

For now, KAS is forecasted to enjoy a gradual rise up through resistance over the coming months before another major surge takes place in 2024. This could take KAS up another 2x with the algorithm predicting a possible peak at the $0.10 price level.