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The KAVA crypto price surged 0.55% in the past 24 hours and was trading at $0.8111 at press time.
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The daily chart shows that the KAVA price bounced back from the 50-day EMA, highlighting strength over the chart.
Kava is a blockchain platform that uses Cosmos and Tendermint to achieve a secure and scalable proof-of-stake consensus. It allows users to stake their KAVA tokens and earn rewards from the protocol, either by running a validator node or by using various exchanges and wallets.
Kava also offers smart contracts that have been verified by external auditors, and a developer incentive program that distributes funds to the most popular protocols on Kava. Kava aims to be a leading platform for web3 development and innovation.
Source: CoinMarketCap
Kava Crypto Price Technical Analysis
The daily KAVA/USD chart shows that the price has made a retest of the 50-day EMA indicating the presence of bulls at the lower levels. The long term trend is opti
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