What are the latest crypto news and price trends involving the coins Kaspa (KAS), Stellar (XLM), and Avalanche (AVAX)?
Let’s see below all the details and forecasts about it.
Summary
Kaspa (KAS) expands its global presence with listings on Bitrue and Exchang.io
The proof-of-work cryptocurrency Kaspa, which implements the GHOSTDAG protocol, has recently obtained a new listing on two important exchanges: Bitrue and Exchang.io.
These developments follow the previous quotes and project progress that have significantly increased the popularity of KAS.
On November 29, 2023, Kaspa announced through a tweet its inclusion on Bitrue, an exchange based in Singapore that supports over 200 trading pairs. Bitrue has made the KAS/USDT pair available for trading, allowing deposits and withdrawals for KAS.
Bitrue has also launched a BTR voting campaign for Kaspa, giving users the opportunity to support the listing and share a prize pool of 10,000 Kaspa.
Successively, on December 1st, Kaspa has been listed on Exchang.io, a British exchange that offers over 100 trading pairs.
This new listing increases Kaspa’s exposure in European and American markets, allowing users to easily trade and invest in KAS.
These updates add to the numerous listings already present on prominent exchanges such as Binance, Poloniex, Coinone, and Bybit.
The goal of Kaspa is indeed to expand its accessibility and liquidity, ensuring a widespread presence on different platforms.
Kaspa has also caught attention in the cryptocurrency sector with recent developments, including the launch of Kaspium, a cross-platform mobile wallet, and listings on Poloniex and Binance with the possibility of trading perpetual futures.
The price of Stellar crypto: the comparison with Avalanche and Kaspa
In recent trading sessions, Stellar (XLM) has struggled to overcome the key resistance of $0.1380 against the US dollar. The XLM/USD pair has failed to sustain its bullish momentum, initiating a new downward phase.
After reaching a high near $0.1382, a new decline occurred.
The price has surpassed the levels of $0.1350 and $0.1320, with bears bringing the currency below the 50% Fibonacci retracement level of the upward movement, between the low of $0.1146 and the high of $0.1382.
Currently, XLM is trading just above $0.125, finding some support from the 55-period simple moving average on a 4-hour chart. A key bullish trendline provides further support, approximately at $0.1245.
The immediate resistance is found near $0.1300, while the next key resistance is highlighted around $0.132. A clear breakthrough of this zone could push the price towards $0.135, with the possibility of further gains up to $0.140.
On the contrary, a continuation of the bearish trend could lead to further losses. The initial support to the downside is located near $0.1245, followed by the trendline and the 61.8% Fibonacci retracement level of the upward movement.
A critical level of support is found at $0.1200. Possible further declines could lead the price to test the level of $0.1145 in the short term, with further declines that could bring it to the zone of $0.1120.
The current technical picture suggests that XLM could embark on a new bullish movement if it surpasses the key resistance of $0.132.
Avalanche (AVAX): resilient in a declining market
In the last 24 hours, the crypto Avalanche (AVAX) continues to stand out with an impressive rally of 6.98%. This follows a remarkable weekly performance, with a price increase of 59.63% from $22.3 to $35.5.
The resilience of Avalanche is evident, remaining positive despite the broader market correction that has seen other altcoins in the red.
Avalanche therefore emerges as an ecosystem with a significant growth in Total Value Locked (TVL) in the last month. Not surprisingly, the crypto occupies the seventh position in the TVL ranking with 650 million dollars, supporting over 30 decentralized applications (dApps).
The rapid growth of Avalanche is attributed to its strategic focus on two key narratives: real-world assets (RWA) and the gaming industry.
The tokenization of real-world assets has captured the interest of major financial institutions, with Avalanche announcing partnerships with giants like JPMorgan Chase and CitiBank, focusing on the development of RWA solutions.
The Avalanche Foundation has also invested $50 million in Avalanche Vista, a program dedicated to research and development of RWAs.
In addition, Avalanche positions itself as the leading blockchain dedicated to the gaming industry, a global market expected to reach $1.4 trillion by 2030.
The structure of the Avalanche subnet is a differentiating element, allowing developers to create highly scalable and customizable blockchains.
The analyst Alex Wacy emphasizes that this strategic alignment is crucial for on-chain growth and the continued increase in the value of AVAX.
, Stellar (XLM), and Avalanche (AVAX) coins?){kind=link}