KuCoin has reclaimed its position among the top 10 crypto exchanges by trading volume. Currently, it holds the sixth spot, with a 24-hour trading volume of $1.21 billion. This resurgence reflects a notable level of activity on the platform.
The KuCoin Token (KCS) is leading the way as the highest gainer among the top 100 cryptocurrencies. This surge coincides with increased trading activity on the KuCoin crypto exchange.
KuCoin Token (KCS) Resurges with Significant Gains
In the last 24 hours, KuCoin Token (KCS) has witnessed a remarkable 32% surge, currently trading at $12.91. This surge has propelled its market cap to $1.25 billion, securing its position as the 56th largest cryptocurrency. Notably, the asset’s daily trading volume experienced a substantial 188% increase, reaching $16.5 million.
KuCoin’s Return to Top 10 Exchanges
Recent data from CoinGecko indicates that KuCoin has re-entered the top 10 crypto exchanges by trading volume, ranking sixth with an impressive 24-hour trading volume of $1.21 billion. This resurgence follows a brief exit from the top 10 list reported by CoinGecko in late October, marking a swift recovery for the platform.
While Binance continues to lead the crypto exchange landscape with a 43.9% share of the total trading volume, KuCoin’s resurgence is evident in its remarkable social volume surge. According to data from Santiment, KuCoin Token’s social volume saw a significant 108% increase in the past 24 hours, reflecting heightened interest and engagement within the crypto community.
KuCoin Token (KCS) Indicators and Potential Trends
Santiment highlights that KuCoin Token’s Relative Strength Index (RSI) is currently above 83, signaling the potential for a price pullback. The RSI dropping below 65 could present a favorable scenario for bullish momentum.
Examining Santiment’s data, KuCoin Token’s Price-Daily Active Addresses (DAA) divergence is notably above 42%, indicating a buy signal. This suggests a positive correlation between the token’s price movement and the level of active addresses. Conversely, a negative divergence could imply potential manipulation of the asset’s price by significant holders, commonly known as whales. These indicators provide valuable insights for traders and investors navigating the current trends in KuCoin Token.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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