Kava (KAVA) Analysis

Kava (KAVA) technical analysis:

Trade setup: Following a break through the down trendline in late Dec, price has now confirmed a trend reversal by breaking above 200-day MA resistance (~$5.40). Could revisit $6.50 resistance next. (set a price alert).

Recent news and research:

(17.1.2022) Kava is skyrocketing, up 10% in 24 hours: top places to buy Kava now

What is Kava.io (KAVA)?

Find full description and news on altFINS platform.

Overview

Kava is a cross-chain DeFi platform which supports multiple applications and services for cryptocurrency users. Kava’s blockchain provides a safe and secure environment for DeFi apps and services to run.

History

Overview Kava is a Layer-1 blockchain that provides DeFi services such as stable coins, bonds, and lending to crypto users across many blockchain networks. Kava operates with a Tendermint-based Proof-of-Stake (PoS) consensus mechanism which offers Byzantine Fault Tolerance, instant finality, and security. With several Cosmos SDK modules implemented and 100+ professional validator secured, the Kava blockchain ensures users to earn more with their digital assets safely. History Kava aims to offer a foundation for various open financial services including Kava’s security, cross-chain bridges, and adapted Chainlink Oracles to allow developers to quickly create new cross-chain DeFi applications and deploy them to Kava’s global user base. The Kava lending platform and the native cross-chain money market application HARD Protocol built on Kava blockchain combine to create a decentralized bank for digital assets connecting users with products like stablecoins, loans, and interest bearing accounts so that they can do more and earn with their digital assets. The Kava ecosystem has three types of tokens, the KAVA token, the USDX stablecoin and the HARD token where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform. Users can collateralize their crypto assets in exchange for Kava’s stablecoin, USDX. The HARD token is the governance token of HARD Protocol and is used to incentivize early participants giving them a voice in the ongoing evolution and management of the application.

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