- The KAVA crypto asset is showing positive signs and can increase its profits.
- It is showing buying pressure and growing potential as it stays above major EMAs.
Kava is a blockchain at the base layer that has the speed and cross-chain ability of Cosmos with the developer friendliness of Ethereum.
Kava is made on Cosmos, and uses a type of proof-of-stake (POS) that is based on Tendermint to keep the network safe. This uses a group of validator nodes to check transactions. These validator nodes have to stake some money to do the job of checking transactions.
If validators do something wrong or do not meet high standards, their stake will be taken away, this makes validators stay truthful.
People who have Kava can run a node that stakes and get KAVA rewards from the protocol. But only the top 100 Kava nodes (also called validators) can get these rewards.
Besides this, KAVA holders can stake their tokens on different exchange platforms that work with Kava, like Binance, Kraken, Huobi Pool, and in wallets like Trust Wallet, Cosmostation Wallet, and Keplr.
Kava’s smart contracts have been checked by many different blockchain and crypto security companies, like CertiK, B-Harvest and Quantstamp. So far, no problems have been found.
Can KAVA Crypto Price Surpass the Immediate Hurdle?
The KAVA crypto is getting ready for a bigger jump, as it gained power, broke the resistance level on the chart, and reached new heights from the current demand zone.
The KAVA crypto asset is showing positive signs and can increase its profits. It has performed well in the past week and month, by 12.98% and 10.64% respectively, indicating a steady upward trend.
The KAVA crypto asset is showing buying pressure and growing potential as it stays above major EMA’s. It is showing a fall of 1.10% in the last 24 hours, trading at $0.871850.
Therefore, if the interest for the KAVA stays high, its price could go up from the current level. The next target for the price is to reach $1.0. However, if the price drops below the $0.75 level, it may fall further.
Summary
Kava is a blockchain at the base layer that has the fastness and cross-chain ability of Cosmos with the developer friendliness of Ethereum.
The KAVA crypto chart shows strong buying pressure and growing potential as it stays above major EMA’s. The price action is showing positive signs and could soon show an increase in profits. Therefore, if the interest for the KAVA stays high, its price could go up from the current level. The next target for the price is $1.0.
Technical Levels
Support Levels: $1.0
Resistance Levels: $0.75
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.