Kava is a Layer-1 blockchain that leverages a developer-optimized co-chain design to combine the speed and interoperability of Cosmos with the developer power of Ethereum.
Kava is based on Cosmos and ensures network integrity through a Tendermint-based proof-of-stake (POS) consensus mechanism. It confirms transactions through a network of validator nodes. The system is governed by KAVA holders, who vote on smart contract and operational parameter suggestions. Kava holders can run a staking node to directly obtain KAVA rewards via the protocol. However, these benefits are only available to the top 100 Kava nodes (also known as validators). KAVA holders can also stake their tokens on exchanges like Binance, Kraken, and Huobi Pool, as well as in wallets including Trust Wallet, Cosmostation Wallet, and Keplr. Let us review the KAVA price
KAVA Price Prediction
Bullish Scenario: KAVA broke the bearish downtrend line on the higher time frame like daily(D) and is trading above the support zone of $4.01. If it stays above this zone and the resistance level at $5 breaks then we could start seeing a move towards $5.50, $6.25, and above.
Bearish Scenario: We are seeing early signs of strong bullish momentum but can’t ignore the bearish scenario completely. On higher time frames such as monthly(M), KAVA is still in a downtrend. So failure to hold the support at $4.01 then breaking below $3.30 could lead to a drop towards $2.60 and below.
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