Is Kaspa (KAS) Listing on Binance Imminent? KAS Price Eyes Range Highs

Bitcoin (BTC) and Kaspa (KAS) miners are the focus of an exclusive mining promotion that Binance Pool has started. There is a total bonus pool of 88,000 KAS tokens

Binance Pool has launched a new promotion for Bitcoin (BTC) and Kaspa (KAS) miners, offering a total bonus pool of 88,000 KAS tokens.

The promotion will run for two months, starting from November 28, 2024, and ending on January 27, 2025. During this period, miners who contribute hashrate to Binance Pool will be eligible to receive a portion of the bonus pool, based on their net hashrate rankings.

The top 100 participants will be rewarded, with Kaspa miners able to earn up to 1,300 KAS each, while Bitcoin miners contributing to Binance Pool will be eligible for a maximum reward of 1,000 KAS.

The rewards will be paid out to Binance wallets within 14 days after the promotion ends, and are subject to meeting all conditions, including setting up payout addresses correctly.

This move has sparked speculation within the crypto community about a potential spot listing for Kaspa on Binance. While the exchange has not yet officially announced any plans for a listing, it has used similar initiatives in the past as precursors to full listings.

For instance, Binance Pool previously launched a 100,000 GMT token bonus promotion for miners, which was followed by the token’s listing on Binance Spot and Margin trading.

Kaspa is already available for trading on Binance Futures, and its inclusion in Binance Pool is seen as an effort to increase visibility among traders. A spot listing would further integrate Kaspa into Binance's ecosystem.

The promotion is also significant as it marks the first time a non-BTC token has been included in a Binance Pool promotion. This highlights the growing institutional support for Kaspa, which could bode well for its future performance.

A potential spot listing on Binance would likely drive market interest in Kaspa, considering the exchange's vast user base and liquidity. Such an announcement could lead to price rallies as traders anticipate higher demand and institutional involvement.

Technical analysis of Kaspa's price action suggests bullish momentum. According to @D_DTRADING, the token has recovered from a structural low and appears to be in a re-accumulation phase.

Kaspa is currently trading near the mid-range and the point of control in a larger range, showing potential for a move toward range highs above $0.1800.

As of the latest data from CoinGecko, KAS is priced at $0.1499 with a 24-hour trading volume of $124,665,486. This reflects a 1.54% increase over the past day, despite a 3.73% decline in the last week.

The token’s performance and market positioning further support predictions of upward price movement, contingent on broader market conditions and news developments.