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Analyst Tkala (@tkalakaspa) recently provided insights into Kaspa’s (KAS) potential listing on Tier 1 (T1) exchanges, such as Binance and Coinbase. His analysis suggests that there are strategic buying activities happening behind the scenes, with an emphasis on timing to maximize returns.
The analyst discusses how major exchanges could be positioning themselves for an advantageous listing opportunity, highlighting Kaspa’s unique market position and the role of OTC (Over-the-Counter) transactions.
OTC Purchases Help Maintain Kaspa’s Price Stability
Tkala speculates that T1 exchanges looking to list Kaspa may be acquiring large amounts of the coin through OTC transactions to ensure liquidity without affecting the public price. By purchasing at a 20-30% discount compared to market prices, these exchanges can minimize visibility and avoid the price fluctuations typically seen with retail transactions.
According to Tkala, this could explain why Kaspa has maintained a stable price around $0.11. These bulk OTC acquisitions don’t directly impact exchange prices, allowing large players to accumulate without causing immediate market shifts.
Strategic Timing and Bullish Market Conditions
Exchanges tend to list assets when market conditions are favorable to ensure profitability. Tkala points out that exchanges like Binance and Coinbase would prefer to list Kaspa during bullish market conditions, allowing them to sell their holdings to the public at a higher profit.
With recent economic uncertainties and events like the U.S. election, exchanges may have postponed their listing plans. However, if economic conditions improve under new policies, bullish momentum could increase, providing an ideal environment for a well-timed listing.
Read also: Here’s Why Cronos (CRO) Crypto Price Is Pumping
Kaspa’s Unique Market Opportunity
In Tkala’s opinion, Kaspa offers a rare investment opportunity for exchanges. With its strong fundamentals and rapid development, Kaspa has significant potential compared to many other projects.
This uniqueness may encourage T1 exchanges to take advantage of the project when conditions are right, offering substantial returns. By waiting for the “perfect moment” to list Kaspa, exchanges could maximize their gains by leveraging the project’s momentum.
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