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With crypto exchange Binance announcing the listing of KAS adding to the token’s support from major CEXs, it appears the upward impetus is just starting.
And talking of momentum, the Memeinator presale just hit the $1.4 million raise milestone. A recent update by the team suggests investors may blaze through the remaining stages before the year ends.
KAS price jumps on Binance listing
Most cryptocurrencies trimmed recent gains early Friday as the market mirrored stocks performance. But while Bitcoin retreated to under $36.3k and top alts slipped, Kaspas (KAS) token was looking to add to its 45% upside in the past 24 hours.
It’s notable that Kaspa has been in bullish momentum for the past few weeks. This picked up around the proof-of-work (PoW) layer 1 cryptocurrency’s integration with OKX Web Wallet. The tempo has risen since, with support by Uphold adding to the speculation that the PHANTOM GhostDAG protocol’s native token could soon land on more top CEX platforms.
Binance Futures has announced support for KAS futures, with the perpetual contract open at 02:00 (UTC) on November 17. The exchange will offer up to 50x leverage on the USDⓈ-M KAS contract. Kaspa’s listing on Binance is however for futures only, although the exchange will likely add spot trading pairs down the road.
Memeinator team upbeat as presale hits $1.4 million
The resurgence in meme coins has investors hunting the presale market in a bid to unearth the next bull market gem. While a number of projects are trending, one to likely attract crypto enthusiasts is the Memeinator (MMTR).
The Memeinator is a new crypto project looking to leverage artificial intelligence to purge the market of weak meme coins. Data shows the current crypto meme market is worth about $19.5 billion, but experts say a good chunk of this is in coins that offer no real value.
That outlook is what the Memeinator wants to flip as it targets dominance across the sector. With utility and AI as weapons, it could achieve the initial target of $1 billion market cap. For now, the project’s team is upbeat about the MMTR presale.
Exchanges, KOLs and industry players have expressed confidence in the platform, Memeinator’s head of product Marco and head of community Dylan noted in a YouTube update.
As of today, Memeinator has hit $1.42 million in presale fundraising. The market outlook suggests an acceleration in coming weeks. More about this project can be sourced from the whitepaper and the presale page.
Memeinator, Kaspa price outlook
The move by Binance and potentially other top CEXs like Coinbase to list KAS could boost the altcoin’s market value significantly amid increased visibility. However, the fundamental strength of Kaspa is its adoption across the developer community based on its highly scalable, PoW-powered network. It’s Bitcoin secure, but faster.
KAS price hit its all-time high of $0.144875 on November 16, 2023, which sees the current price level a staggering 78,230% up from the all-time low of $0.00017105 reached in May last year.
MMTR’s presale price on the other hand is currently at $0.0133 in stage 6. Only a few tokens remain before the price jumps to $0.014 in stage 7, and the final presale price will be $0.0485.
If cryptocurrencies rally in coming months, buoyed by bullish catalysts such as spot ETF approval in the US, then KAS could be looking at $1 in 2024. Memeinator could see a similar trajectory when its token hits the market.
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