{"id":21174,"date":"2023-05-24T00:47:45","date_gmt":"2023-05-24T00:47:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/what-next-for-the-kava-price-after-40-spike\/"},"modified":"2023-05-24T00:47:45","modified_gmt":"2023-05-24T00:47:45","slug":"what-next-for-the-kava-price-after-40-spike","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/what-next-for-the-kava-price-after-40-spike\/","title":{"rendered":"What next for the KAVA price after 40% spike?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684849693086-180b82b9-b9c9-46ac-9c63-3b368e1818e6-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684849693086-180b82b9-b9c9-46ac-9c63-3b368e1818e6-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684849693086-180b82b9-b9c9-46ac-9c63-3b368e1818e6-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684849693086-180b82b9-b9c9-46ac-9c63-3b368e1818e6-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">KAVA price jumped more than 40% despite the overall market lull, reaching highs of $1.56 on Binance.<\/li>\n<li dir=\"ltr\">While there was no clear trigger for the surge, Kava has had a few major developments in recent weeks.<\/li>\n<li dir=\"ltr\">KAVA currently trades around $1.17 and is in danger of giving up all the gains if profit taking deals intensify.<\/li>\n<\/ul>\n<p dir=\"ltr\">The <a href=\"https:\/\/coinjournal.net\/kava\/\">price of KAVA<\/a> is up about 9% in the past 24 hours as at 9:30 am ET on Tuesday, 23 May. The KAVA\/USD pair is trading around $1.16 amid increasing pressure from profit takers.\u00a0<\/p>\n<p dir=\"ltr\">But before the current sell-off pressure, the price of the Cosmos zone token had rallied more than 40% to hit its highest level since November 2022.<\/p>\n<h2 dir=\"ltr\">Kava price sliding after rally to multi-month high<\/h2>\n<p dir=\"ltr\">The price of KAVA rose to $1.56 on leading cryptocurrency exchange Binance, with the token spiking 44% from lows of $1.08. \u00a0The token\u2019s value was up nearly 63% in the past 30 days.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/04\/23\/1684849005265-fd591320-ed98-4ca1-9e6d-9d4170bee4a5.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"288\"\/><span class=\"fr-inner\">Kava price jumped more than 40% on Tuesday morning as shown in this chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/ABI90QQW\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">Kava is a highly scalable Layer-1 blockchain that combines the speed and interoperability of <a href=\"https:\/\/coinjournal.net\/news\/tag\/cosmos\/\">Cosmos<\/a> and the developer power of the Ethereum Virtual Machine (EVM). There was no apparent trigger for the huge move today. However, here\u2019s why the token\u2019s value might have rallied so hard for a brief moment before investors likely started taking profits.<\/p>\n<\/div>\n<p dir=\"ltr\">Although likely a normal pump episode, the price gains follow the recent launch of the KAVA 13 mainnet and the announcement of a new integration with a leading data indexing platform SubQuery. SubQuery\u2019s indexer tool is available across Osmosis, Cronos and Fetch.ai in the Cosmos ecosystem.<\/p>\n<p dir=\"ltr\">The blockchain developer toolkit is also available for Web3 developers across Ethereum, Polygon, BNB, Flare, NEAR, Polkadot, Avalanche, and Algorand. It is offered as a data-as-a-service solution that allows users to focus on core project use cases and the front-end, all without having to first build a custom backend for data processing.<\/p>\n<p dir=\"ltr\">Kava also announced a $5000 giveaway as it celebrated the launch of NFTs and GameFi on its chain.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NFTs and GameFi are coming to Kava! To celebrate $5,000 is up for grabs in <a href=\"https:\/\/twitter.com\/search?q=%24KAVA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$KAVA<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24PVP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PVP<\/a>.<\/p>\n<p>How to participate:<br \/>\u2764\ufe0f Follow <a href=\"https:\/\/twitter.com\/PvPGameHub?ref_src=twsrc%5Etfw\">@PvPGameHub<\/a> and <a href=\"https:\/\/twitter.com\/KAVA_CHAIN?ref_src=twsrc%5Etfw\">@KAVA_CHAIN<\/a><br \/>\u2764\ufe0f Like and RT this tweet<br \/>\u2764\ufe0f Tag 3 friends with <a href=\"https:\/\/twitter.com\/hashtag\/KAVA?src=hash&amp;ref_src=twsrc%5Etfw\">#KAVA<\/a><\/p>\n<p>PVP is a massive gaming hub launching exclusively on Kava \ud83d\ude80 <a href=\"https:\/\/t.co\/hPRCWXHTwE\">pic.twitter.com\/hPRCWXHTwE<\/a><\/p>\n<p>\u2014 Kava (@KAVA_CHAIN) <a href=\"https:\/\/twitter.com\/KAVA_CHAIN\/status\/1658522888729657352?ref_src=twsrc%5Etfw\">May 16, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">What next for the KAVA price?<\/h2>\n<p dir=\"ltr\">Today\u2019s price surge for KAVA appears to have been an outlier of sorts given the overall outlook of the crypto market. It\u2019s possible such gains will not hold and any correction that follows could wipe all the upside movement.<\/p>\n<p dir=\"ltr\">KAVA\/USD might thus retreat to support at $1.10 or lower if current levels near $1.20 fail to hold. On the flipside, an uptick across the market or fresh pump based on new KAVA news could see buyers target a retest of today\u2019s highs.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/kava-in-danger-of-erasing-gains-after-40-spike-heres-what-happened\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) KAVA price jumped more than 40% despite the overall market lull, reaching highs of $1.56 on Binance. While there was no clear trigger for the surge, Kava has had a few major developments in recent weeks. KAVA currently trades around $1.17 and is [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21174"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21174"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21175"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}