- In the last year, the trading price of KAVA has declined by 28.6%.
- The crypto has lost its value by 92.5% from its all-time high price.
Kava is a blockchain platform that combines the features of Ethereum and Cosmos. It has a co-chain architecture, a native token (KAVA), a proof-of-stake consensus, and a DAO governance. It supports various Web3 applications and offers incentives for developers and validators.
The derivatives trading volume of the crypto has increased by 6.4% in the last 24 hours to $18.88 Million. Furthermore, the open interest has also increased by 0.09%.
The long/short ratio of the crypto is 0.9662 and the market cap has declined by 0.8% to $742.497 Million. Furthermore, the value of the traded volume for the crypto is $10.334 Million.
KAVA is the 87th largest cryptocurrency in the crypto market in terms of market cap and the volume/market cap ratio of the crypto is 1.42%. Furthermore, the market cap dominance of the crypto is 0.04% while the volatility is 4.40%.
KAVA Crypto Blockchain Data Overview
The Total Value Locked of the KAVA crypto is $235.11 Million and the stablecoins market cap is $131.33 Million. The fully diluted market cap is $742.64 Million and the max supply is infinite.
KAVA Crypto Technical Analysis
The price of the KAVA crypto has formed lower highs on the chart which has led to a decline in the price of than 90% from the all-time highs. This behavior of the price is indicative of a strong downtrend.
KAVA/USD Chart by TradingView
The price of the KAVA crypto is situated below the crucial EMAs and the price is falling with the decline in the value of the EMAs. The 50-day and the 200-day EMAs are forming a death cross and the 20-day EMA has also declined below these EMAs.
The MACD is situated below the zero level along with a decline of the signal line. The bullish histograms on the chart are also fading, indicating a strong downtrend of the price.
The RSI is situated below the 50-level and the 14-day SMA, indicating a weak momentum in the price.
Summary
Kava is a DeFi platform and its token has suffered a severe price drop in the last year. It has low market cap, volume, and open interest. It is moving with a strong bearish trend and weak indicators and is unlikely to rebound and may fall further.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.