Crash

Ethereum

Kaspa

Bitcoin

<ul>
 <li>Binance opens Kaspa mining service for users.</li>
 <li>Kaspa (KAS) is not listed on Binance.</li>
 <li>The token has declined 15.94% in the past 24 hours.</li>
</ul>
Binance’s native pool has officially launched the Kaspa Network (KAS) mining service. The launch of this service on the platform does not guarantee a token’s listing on Binance, as per official statement.&nbsp;&nbsp;
KAS miners can relish zero pool fees for KAS <a href="https://thenewscrypto.com/will-kaspa-mining-drive-higher-revenue-for-marathon-digital/" target="_blank" rel="noopener noreferrer nofollow">mining</a>, during the“promotion period” — from today to November 5, 2024. Earlier, Binance had introduced KAS futures in 2023, but the KAS spot in the market was left unlaunched.&nbsp;
The affinity between <a href="https://thenewscrypto.com/binance-research-releases-half-year-report-highlighting-crypto-markets-trajectory/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> and Kaspa began with the introduction of KAS futures.&nbsp;
According to the official source, the KAS futures allow traders to take positions with and leverage in USDT pairings. It is important to note that KAS is not currently listed on Binance.
<h3 class="wp-block-heading" id="h-current-price-action-of-kas">Current Price Action of KAS &nbsp;</h3>
Moreover, crypto market opened today with the highest volatility. All the major tokens have declined. Among them, Kaspa (KAS) has noted a considerable decline of 15.94% in the past 24 hours. It took the price down to $0.1477. Over the past week, KAS was down by 20.83%, hitting a high of $0.2074 and bottoming at $0.1864. Currently, Kaspa is trading at $0.1512 with a market cap of $3.68 billion. Whereas, the daily trading volume has increased by 58.37% to $235 million, according to CMC <a href="https://coinmarketcap.com/currencies/kaspa/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Meanwhile, the daily relative strength index (RSI) stands at 29.44, suggesting the asset is in an oversold condition. The short-term 9-day and 21-day moving averages are above the current price at $0.18453 and $0.18172, respectively, which indicates bearish momentum.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXef_KarcJWn48FA8FZ_IyUJO5bR7TB0Xil-V3j1sp1dlY2unGDaWvpdLtPy9i6ovTotbDeQTMNb4HPByWV_juZ5GOkoG69nNbVvf8W05jIiBhNcCxTLktzrt9pxRVe508L9LEaZ8rTPYBrg1Lkmit1918WA?key=Od7ROYf6mItTqqkQVlcYqg" alt="">
 <figcaption class="wp-element-caption">KAS price chart (Source: <a href="https://in.tradingview.com/symbols/KASUSDT/?exchange=BYBIT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
If the KAS bulls wake up, the initial resistance seems to be at $0.15911, and the bulls maintain this momentum, a higher resistance can likely be at $0.16749. If the bulls could not overpower the bears, the price might fall to $0.14782. The subsequent support may be found at $0.14008.&nbsp;
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/how-did-major-cryptos-bitcoin-and-ethereum-crash-overnight/" target="_blank" rel="noopener noreferrer nofollow">How Did Major Cryptos Bitcoin and Ethereum Crash Overnight?</a>

Could Kaspa Mining on Binance Pool Indicate KAS Listing Ahead?

Table of Contents

TheNewsCrypto

Other articles published on Aug 5, 2024

Michael Saylor's MicroStrategy Plans to Raise $2B to Buy More Bitcoin

Dogecoin Vaporizes 37% Of Its Value In A Week: Is This Really 'Just A Few Months Of Chop Before F...

Bitcoin Price Analysis: What Lies On The Horizon After Crashing Below $50,000

7 Best ICOs To Invest In For August 2024: Generate Explosive Wealth

Top Picks for the World’s Best Crypto Presales: Why Qubic Should Be on Your Radar?

Hard Move from Ethereum Founder Vitalik Buterin! He Sold This Entire Altcoin, Dump Its Price!

Join our free newsletter for daily crypto updates!