Kava Lend Token Rallies Steady Despite Recent Broader Crypto Market Dip

The broader crypto market is still recovering, and Kava Lend’s HARD token isn’t far behind. The digital asset has seen a price increase of 5.68% in the last 24 hours and a steady surge of 23.6% in the last 30 days. Will HARD be able to hit and surpass its all-time high of $3 soon?

Kava Lend is a decentralized cross-chain money market that enables borrowing and lending between several blockchains. By investing in the Kava Lend Protocol, lenders can earn a yield, and borrowers can use collateral to get the money they need.

Kava uses DeFi’s most reliable, scalable, and secure earning platform to connect the world’s largest cryptocurrencies, ecosystems, and financial applications. With an easy-to-use interface and the assurance of institutional-grade security and quality, Kava enables users to mint stablecoins, lend, borrow, earn, and swap across the world’s largest crypto assets.

HARD Is on a Steady Increase, Time to Invest in the Digital Asset?

The crypto market saw a downtrend of 2.6% in the last 24 hours. However, some digital assets, including HARD, have maintained their rally.

The HARD token has been on a steady rally. At the time of writing, the digital asset trades at $0.21, indicating an uptrend of 5.68% in the last 24 hours, 8.10% in the last seven days, and a 23.6% increase in the last 30 days.

According to HARD’s technical analysis, the crypto asset is on a bullish streak. HARD has breached the 50% Fibonacci retracement at $0.20 and could see resistance at the 61.8% retracement of $0.22.

On a short-term basis, the digital asset trades above the 50-hour simple moving average (SMA) indicator at $0.17. However, the long-term SMA indicator of the 200-day SMA stands at $0.32, which is quite close to the current standing price. A sustained rally could see the token break through most of these indicators, so investors should watch how HARD performs.

HARD’s moving average convergence and divergence (MACD) value shows a sell signal. However, the crypto token’s Relative Strength Index (RSI) is 59.91, indicating that HARD trades in the underbought region.

With the recent broader market recovery and the steady rally of the HARD token, investors may want to take advantage of this opportunity to invest in the crypto asset.

Kava Pushing Towards 100 Protocols in 2023

Kava’s distinctive architecture allows the integration of projects, assets, and users into the Kava ecosystem. The Kava platform leverages the strengths of two Co-Chain protocols – the power of the Ethereum Co-Chain and the Cosmos Co-Chain’s interoperability, speed, and low transaction fees.

This makes it possible for any decentralized financial application to incorporate the Kava network into its architecture and provide users with access to the platform’s services.

Built on #KAVA 🏗️ https://t.co/e0M4gFAdHm

— Kava Lend (@hard_protocol) January 17, 2023

Kava currently has over 75 protocols secured on its platform. However, it plans to increase the number of protocols on its platform to 100 by the end of 2023. By securing more protocols, the platform’s use case expands, increasing the value of its associated tokens.

Other Assets With a High Return on Investment for PreSale

Notwithstanding HARD’s potential for growth, investors should remember that other value-driven altcoins can potentially produce gains. They also have the opportunity to be early adopters since several of these coins are now in the presale phase.

Our recommended alternate presale asset is the Meta Masters Guild ERC-20 token, $MEMAG.

The Meta Masters Guild aims to create entertaining and engaging games with playable NFTs so that community members can win prizes, stake funds, and trade.

The $MEMAG #presale is ending in less than 5 hours!

Less than $100k to go!

DO NOT MISS OUT! on the chance to be a part of the #MEMAGFAM!https://t.co/1XLeJtyJs0#P2E #Play2Earn #BlockchainGaming

— Meta Masters Guild (@MEMAGgames) February 17, 2023

The platform will debut with three games – Meta Kart Racers, Meta Masters World, and Raid NFT – and the games will be available only on mobile devices.

The MEMAG seven-stage presale event is about to end with over $4.96 million raised. The presale will end in about two hours after a total of $4.97 million has been raised.

Hurry now to purchase the MEMAG token for just $0.023 before it ends!

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