Token

KuCoin Token

Bitcoin ETF

KuCoin is back in the top 10 crypto exchanges by trading volume, ranking sixth with a 24-hour trading volume of $1.21 billion. 
The KuCoin Token (<a href="https://crypto.news/price/kucoin/">KCS</a>) has emerged as the top gainer among 100 cryptocurrencies. The rally comes while the KuCoin crypto exchange registers high trading volume.&nbsp; 
KCS is up by 32% in the past 24 hours and is trading at $12.91 at the time of writing. The asset’s market cap rose to $1.25 billion, making it the 56th largest cryptocurrency.&nbsp; 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2023/12/KuCoin-Token-KCS-12.18.03-12-Dec-2023-1024x347.png" alt="KuCoin token surges 32% in 24 hour trading - 24" class="wp-image-14226274">
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 KCS price, social volume and RSI – Dec. 12 | Source: Santiment
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</figure> 
Data shows that KuCoin Token’s daily trading volume also witnessed a 188% jump, reaching $16.5 million. 
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According to data provided by CoinGecko, KuCoin is back to the top 10 crypto exchanges in terms of trading volume, ranking sixth with a 24-hour trading volume of $1.21 billion.&nbsp; 
CoinGecko reported in late October that KuCoin <a href="https://crypto.news/coingecko-reports-top-cexs-kucoin-falls-out-of-top-10/">dropped out</a> of the top 10 exchanges list in Q3 this year. The leading crypto exchange, per CoinGecko, is still Binance, with a 43.9% share of the total trading volume.&nbsp; 
According to data provided by the market intelligence platform Santiment, KuCoin Token’s social volume saw a 108% surge over the past 24 hours.&nbsp; 
However, KCS’s Relative Strength Index (<a href="https://crypto.news/glossary/overbought-in-trading/" data-type="link" data-id="https://crypto.news/glossary/overbought-in-trading/">RSI</a>) hovers above 83, suggesting the possibility of a price pullback, according to Santiment. If KCS’s RSI falls below 65, there could be a good chance of a bullish momentum. 
Moreover, Santiment data shows that KuCoin Token’s price-daily active addresses (DAA) divergence stands above 42%, suggesting a buy signal. When the price DAA divergence falls to the negative side, it could indicate that whales could manipulate the asset’s price. 
 Read more: <a href="https://crypto.news/htx-marks-250m-outflow-post-november-hack/"> HTX marks $250m outflow post November hack </a>

KuCoin token surges 32% in 24 hour trading

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