Poloniex Lists Kaspa Coin, KAS Now Up Over +920% Since the Start of 2023

Key highlights:

• After launching onto Bybit and Coinone exchanges earlier this year, KAS scored another victory by getting listed on Poloniex
• After an amazing performance in 2023 so far, KAS is showing an incredible 920% year-to-date (YTD) gains

The Kaspa community has another reason to celebrate, as the Kaspa (KAS) coin is listed on yet another major cryptocurrency exchange. As announced in a recent tweet, Poloniex has joined the ranks of Bybit, Coinone, and others by adding support for native KAS trading. This latest listing continues the tremendous momentum Kaspa has experienced throughout 2023, with the price surging over nine hundred percent year-to-date.

?New Listing! #Kaspa now on @Poloniex!$KAS x $USDThttps://t.co/KrzmDbYDzO#PoloniexListing #L1 #PoW pic.twitter.com/f4OUQVQPWs

— Kaspa (@KaspaCurrency) November 2, 2023

A brief refresher on Kaspa’s journey so far

To understand why this Poloniex news has the Kaspa faithful so excited, let’s briefly recap some of the key events that have transpired for the project in recent months. When 2023 began, KAS was trading hands at a fraction of a penny. However, advances in technology coupled with strategic exchange listings helped thrust Kaspa into the crypto spotlight.

In September, Bybit was the first major exchange to list KAS, sending the price up 12% on the announcement alone, according to data from CoinCodex. Just weeks later, Coinone added KAS/KRW trading pairs, opening the project up to Korean investors. This led to over 800% gains since New Year’s Day. As recently covered by CoinCodex, Kaspa has evolved into a top 50 cryptocurrency by market cap.

What this latest Poloniex listing means for KAS holders

Now with direct KAS/USDT trading available on Poloniex, accessibility is about to be taken to another level. According to the exchange’s own announcement, deposits were enabled on November 2nd, with the first KAS markets going live shortly thereafter. This provides a crucial fiat on-ramp for US citizens and more.

Beyond opening the door to a massive user base, listing on high-profile platforms like Poloniex has a real impact on pricing dynamics. Increased liquidity could mean reduced volatility. It also exposes the project to a whole new pool of traders and investors. All of this spells the potential for KAS to continue building on a multi-bagger year that’s delighted early backers.

What lies ahead as Kaspa scales new heights?

At this rate, it’s fair to wonder what could be in store for KAS in the weeks and months to come. The algorithmic forecasts from CoinCodex foresee choppy waters ahead but also leave the door open for another parabolic surge, possibly taking the token near $0.07 As one of the few Proof-of-Work L1 chains making waves, demand may simply outpace supply.