As Kriptokoin.com, we follow exciting developments for Kaspa (muscle) investors. Coinbase, one of the most important players in the crypto currency market, announced that it lists Kaspa. Following this news, the price of muscle experienced a 10 %rise instantly. So, what’s next for Kaspa?
Coinbase listing a strong rally for muscle
In a statement on February 20, Coinbase announced that Kaspa’s Kas-Perp parity has switched to full trading mode on “International Exchange and Advanced” platforms. With this development, the market interest of muscle investors increased and the price rose rapidly.
When the stock exchanges perform new listings, the demand for the relevant token usually increases. Kaspa was also positively affected by this situation. Investors see Coinbase’s support as a major rise signal and believe that muscle can see higher levels in the future.
Volatility increases in Kaspa price! Are new summits coming?
Although the muscle price increased by 10 %after the listing announcement, it soon experienced a withdrawal up to $ 0.1066. The lowest level during the day was $ 0.1043 and the highest level was 0.1091 dollars. However, market sensitivity is still quite positive.
According to Coings data, open positions (OI) in Kaspa futures increased by 2 %and reached a total of $ 102.40 million. This reveals that investors maintain the expectation of rise in muscle price and show more interest to the market.
What’s next for Kaspa? Will the rise continue?
We closely follow critical resistance levels in the short term for Kaspa (KAP) as kriptokoin.com. If the muscle manages to stay above existing levels, a new wave of rise may begin with the increase in the interest of the investor. However, if market conditions change and sales pressure increases, the price may be consolidated for a while. Investors need to follow the levels of support and resistance carefully. The acceleration of the coinbase listing can be a powerful catalyst for Kaspa to start a new rally.
In the coming days, muscle price movements will be followed with great care. If the rise continues, new summits may be waiting for Kaspa investors!
