UPS blockchain Ethereum Coinbase Platform

Kava Price is 9% Higher at $1.03 Despite Red Day for Most Coins - Good Time to Buy?

Reading now: 512
cryptonews.com

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.

Read more on cryptonews.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA