KAVA Token Report – 12th May’23

Kava is a Layer-1 blockchain that integrates the efficiency and compatibility of Cosmos with the
development capabilities of Ethereum. The platform was designed with a focus on resource
optimization for protocol expansion, bolstered by its employment of Cosmos EVM technology,
which facilitates optimal scalability, rapidity, safety, and developer assistance.

KAVA token is ranked #83 with a market capitalization of nearly $472 million. The current
market price of the token is $0.915 USDT

On the daily timeframe, the KAVA/USDT trend had been on the decline since May of last year.
The trend is now on the verge of a breakout from the descending trendline. Further, we also can
observe a surge in the buying volumes. An immediate support is expected at 0.83 USDT and
next resistance is expected at 1.057 USDT.

MintingM Rating – 4/5