Kava Price is 9% Higher at $1.03 Despite Red Day for Most Coins - Good Time to Buy?
The KAVA price has risen to $1.03 today, representing a 9% jump in the past 24 hours, as the wider cryptocurrency market suffers its first notable drop in over a week.
KAVA's current price also represents a 38% gain in seven days and 52% jump in the last 30, with the layer-one coin surging mostly because of yesterday's announement that Coinbase will be listing it.Yet Kava is also witnessing considerable organic growth as a smart contract platform, with more protocols developing on it with each passing week.
As such, the combination of new listings and adoption could make KAVA one of the best-performing altcoins of the next few months, if not of 2023.If you look at KAVA's chart, you'll quite easily noticeable a very pronounced jump at around 6pm yesterday, roughly the time it was announced that Coinbase is listing the altcoin.The Coinbase-caused surge was also accompanied by a sudden rise in KAVA's relative strength index (purple), which climbed from just under 30 to over 80.
This indicates massive momentum, as confirmed by KAVA's 30-day moving average (red), which shot well above its 200-day (blue), signalling a big breakout.Indeed, with Coinbase now listing KAVA, it's completely credible to claim that the latter has hit the big time.
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