The popular DeFi project Kava (KAVA), which will launch K15 on December 7, may gain solid momentum with the news impact.
Kava, one of the leading projects in the DeFi field, has recently come to the fore with its news impact. The project, which announced that it will launch the 15K Launch on December 7, continues to attract attention on social media. Kava, which has started the countdown from the official X account, will be stepping into the new K15 as of tomorrow.
If we consider that news such as Launch, Mainnet and Burn lift the relevant projects up during periods when the market is doing well, we are likely to see a movement in KAVA. The company also announced that KAVA inflation would be reset on January 1, 2024. Can Kava, which will make two different developments in a very short period of time, gain positive momentum on a token basis? What is the latest situation for KAVA?
🚀 Just 2 days to #KAVA 15 launch! Zero inflation is on the horizon. 🎉 pic.twitter.com/WT5Rl0ZhLZ
— Kava (@KAVA_CHAIN) December 5, 2023
It gives confidence as long as it maintains the rising trend!
KAVA, which started its rising trend structure on November 22, managed to approach the 0.85 dollar band despite the volatile movements. The popular DeFi coin, which is traded at $ 0.823 as of the writing of the news, can continue its upward movement up to $ 0.981 – 1.075 – 1.157 and $ 1.279, respectively, if it breaks $ 0.852 in volume. In this process, as much as technical analysis, news from Kava and developments on the DeFi side will play a critical role.
Situations such as the decrease in interest in DeFi-related coins, the increase in BTC Domination, the bearish pricing of BTC or KAVA breaking the rising trend will naturally pull the parity to lower levels. In such a scenario, it is highly likely that we will first see a decrease towards the monthly opening price and then towards 0.758 – 0.667 and 0.609 dollars respectively.
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