您现在的位置是:Kava price has staged a comeback but risks remain >>正文
Kava price has staged a comeback but risks remain
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛2164人已围观
简介Kava price has crashed by more than 94% from its all-time high.The total value locked (TVL) in its D...
Kava price has crashed by more than 94% from its all-time high.
The total value locked (TVL) in its DeFi ecosystem has crashed to $197M.
KAVA price has been in a strong bearish trend in the past few months as demand for the token eased. The token crashed to a low of $0.5165 on Tuesday, which was about 94% from its highest level in September 2021. Its market cap has crashed to about $224 million, which was lower than its all-time high of more than $1 billion.
Kava total value locked has crashed
Kava is a blockchain project that is relatively unique from other popular platforms like Cardano and Aptos. It is a dual platform that combines features found in Ethereumand Cosmos. Ethereum, the biggest smart contract project in the world, is known for its stability and power. Cosmos, on the other hand, is significantly faster and has additional features than other blockchains.
Kava has seen remarkable developer interest in the past few months. This interest is partly because of its $750 million developer incentive fund. People who deploy on Kava receive developer incentives worth millions of dollars.
Kava has over 100 projects, mostly in the DeFi industry. Recently, however, activity in the network has been in a downward trend. The total value locked(TVL) in its ecosystem has plunged to about $197 million from its all-time high of almost $700 million.
Most applications in its ecosystem have lost money in the past few months. Some of the most dominant players in its ecosystem are Kava Mint, Kava Lend, Kava Earn, Kava Liquid, Kava Swap, and Kava Boost have struggled to attract inflows. Kava Mint, which has a TVL of over $84 million and a market dominance of 43%. The most recent high-profile platform in its ecosystem was Curve.
It is unclear why KAVA price has risen by more than 12% on Tuesday. A possible reason is that the developers are about to make a major announcement on the ecosystem.
Kava price prediction
KAVA chart by TradingView
The daily chart shows that Kava price has been in a strong bearish trend in the past few months. As it crashed, the coin managed to move below the important support level at $0.80, which was the lowest level on November 9. It has also moved below the 25-day and 50-day moving averages while the MACD remains below the neutral point.
Therefore, the downward trend will likely continue falling as sellers target the next key support level at $0.500. A move above the resistance point at $0.70 will invalidate the bearish view.
How to buy Kava
Wazirx
WazirX is India's largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of the binance group, serving users in 180 countries.
Buy KAVA with Wazirx todayHuobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
Buy KAVA with Huobi todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/86751.html
相关文章
Analyst predicts Ethereum rally will continue into 2022
Kava price has staged a comeback but risks remainETH/USD hit highs of $4,782 on Monday morningETFs and institutional adoption key to the continuation...
阅读更多
DOT price targets more gains after hitting new ATH above $53
Kava price has staged a comeback but risks remainDOT hit a new all-time high of $53.04 on 2 NovemberThe coin is more than 1,800% up since it traded a...
阅读更多
No agreement yet on Russia's crypto situation as Friday deadline nears
Kava price has staged a comeback but risks remainDiscussions held on Tuesday between the Russian Finance Ministry and Central Bank officials on crypt...
阅读更多
热门文章
- NASA device to trap interstellar dust, unlock cosmic secrets
- EU should ban crypto trading and mining, says Hungary’s Central Bank Head
- Bosch's AI gun
- Highlights May 12: TerraUSD recovers, Tether peg collapses
- Japan Moon Sniper: SLIM spacecraft makes a safe Moon landing
- Telos (TLOS) price has risen by 120% over the past month: this is why it is rising
最新文章
Bitcoin market could be rocky next month, analyst suggests
Metahero (HERO) price surged by over 5% yesterday and slid back to red: here is why
Top projects on the Ethereum chain for long term investors
ETERNAL, the mining power game token: Where to buy ETERNAL
You can now buy BinaryX: here’s where
You can now buy EBT, the hottest new coin: here’s where