Kava cryptocurrency is regaining key price levels

Hello dear readers, back with you all this time to talk about the good performance that the KAVA cryptocurrency has been developing, let's keep in mind that the cryptocurrency market is experiencing a minor uptrend that has resulted in most assets regaining key support levels considered vital to sustain gains.

While investors expect the rally to be crucial in helping the market move out of last year's prolonged bearish sentiment, as most digital assets recover, some coins are leading the way to emerge as the top winners of the new year, and one of those cryptocurrencies is precisely KAVA.

Even though KAVA is outside the top of the top 100 cryptocurrencies by market capitalization as recorded by Coingecko, at the time of writing KAVA was showing the best price rebound by registering a growth in the last 24 hours of over 5%.

A bit to contextualize, it is worth noting that the layer one blockchain that combines the speed and interoperability of the Cosmos (ATOM) network has been rallying, this if we take into account that KAVA has positioned itself among the altcoins that recently experienced a price breakout.

It is worth noting that Kava's (KAVA) rally has been aided by the accelerated development of the network, such as the fact that the team moved closer to meeting its roadmap.

One thing to note is that the development activity seeks to make KAVA a one-stop shop for decentralized finance (DeFi), hence, KAVA is changing hands at $0.73 earning an estimated over 37% in 2023.

Cointelegraph Top 5 cryptocurrencies with the highest yields so far in 2023. Link

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