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- Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030.
- The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of $KAS.
- Uphold says the delay is due to a technical issue that will soon be sorted out.
Kaspa ($KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin’s sharp decline overnight Wednesday.
In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw $KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023.
That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchange
Uphold delays listing of Kaspa ($KAS)
On Thursday, Uphold, which was set to be the first centralised crypto exchange in the US to list $KAS, announced it would be delaying the listing. The multi-asset digital asset platform said the “difficult decision” had been taken due to technical issues.
⚠️ $KAS listing delayed
We’ve made the difficult decision to postpone this listing due to technical issues.
Our customers deserve a smooth and fair trading experience – and we’re excited to list $KAS as soon as we can ensure this. pic.twitter.com/qJGuB2cY4H
— Uphold (@UpholdInc) April 27, 2023
But despite the delay, Dr. Martin Hiesboeck, the Head of Research at Uphold, has assured $KAS holders that the issue was “minor” and will soon be solved. He tweeted:
“As we’re expecting *high demand*, we’ve taken the difficult decision to delay this listing due to some technical issues – to ensure you get a smooth and fair trading experience and best execution. Won’t be long, it’s a minor thing we’ll sort out soon.”
He offered to explain everything on the Twitter Space.
After seeing a double digit uptick in price, with weekly gains rising to over 30%, Kaspa price is just in the green in the past day (at the time of writing) and about 28% higher over the week.
Currently, $KAS can be traded on multiple exchanges, including MEXC Global, Gate.io and BingX. The token’s recent momentum has come amid a flurry of listings, including on LBank and Bitget.