I'm delighted to share my enthusiasm for @kava , an innovative project that has caught my eye. Through my activities with @DAO Labs pioneering and developing #SocialMining , I ve learned that a vibrant community is crucial for community development and success.
The DeFi market has been growing rapidly, with a current market size of $13.4 billion, a 150% increase from last year. KAVA, a prominent player in the #DEFÄ° space, has seen its market capitalization soar to $500 million, a staggering 500% increase from last year.
Over the years, the world has seen vibrant project grow and boom because of honest support from the community including #PolygonMATIC , #Ethereum | $ETH , #bitcoinâïž | $BTC , #BNB | $BNB . This move to strengthen Kava and its token can be made possible with @DAO Labs
Here is my Infographics
Let us look at the recent developments that drive price growth. Firstly, KAVA has made significant strides in recent times, including a partnership with #Cosmos , which led to a 20% price increase. The launch of its decentralized exchange (DEX) and network upgrades also contributed to a 15% and 10% price increase, respectively.
Furthermore notable factors influencing price are regulatory uncertainty, global economic trends, and competition. These pose potential risks, which could lead to a 10%, 5%, and 5% price drop, respectively.
I will like to state the price prediction coming up. Historical data suggests a monthly price growth of 20%. Technical analysis also points to a short-term target of $2.92.
KEY LEVELS TO WATCH
Investors should keep an eye on resistance at $3.00, the previous high, and support at $2.20, the previous low.
