Kava (KAVA) saw a more than 10% surge on Wednesday and is currently trading more than 20% up this week, with the cryptocurrency having reclaimed the $1.0 per token level for the first time since mid-November and rallied above its 100-Day Moving Average for the first time since August 2022 in the process.
This week’s surge takes this month’s gains to just under 80%, with Kava a beneficiary of the broader crypto market rally that has seen the likes of Bitcoin and Ethereum both gain close to 30%. Kava is a decentralized blockchain that seeks to combine the speed and interoperability of Cosmos with the developer power of Ethereum.
Coinbase Listing Sparks the Surge
Kava’s price jump on Wednesday was sparked by the announcement that the cryptocurrency would be listed on Coinbase.
📢 Huge news: Coinbase lists #KAVA pic.twitter.com/38g90z52eh
— Kava (@KAVA_CHAIN) January 18, 2023
According to Coinbase, KAVA is now already available to buy, sell, convert, send and receive within its platform.
Kava (KAVA) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh
— Coinbase Assets (@CoinbaseAssets) January 19, 2023
More Than Just Another Listing
According to the pseudonymous altcoin-focused crypto Twitter account @AltcoinPsycho, Coinbase has historically struggled to list Cosmos tokens due to technical limitations. “Kava team deserves praise for getting this done, it will now be easier for *ANY* Cosmos token to be listed on Coinbase,” the account added.
Indeed, Kava’s official Twitter account noted that “through Kava’s work with the Coinbase team, the process of integrating #CosmosIBC projects w/ Coinbase drops from 18+ months to just one”. Thus, “Kava’s Coinbase integration opens the door for all @Cosmos chains to list on the exchange”.
2/ Kava’s Coinbase integration opens the door for all @Cosmos chains to list on the exchange. Through Kava’s work with the Coinbase team, the process of integrating #CosmosIBC projects w/ Coinbase drops from 18+ months to just one. 🤯 #IBCGanghttps://t.co/gjDFOGQzOs
— Kava (@KAVA_CHAIN) January 20, 2023
“Kava has spent the past year priming the network for EVM and Coinbase compatibility, enabling transactions between both ecosystems natively on Kava, effectively expanding that functionality to 108M+ verified users on Coinbase,” Kava continued.
Price Prediction – Where Next for KAVA?
KAVA is in a clear uptrend since the turn of the year and its recent break above the 100DMA opens the door for the cryptocurrency to test the next major area of resistance around $1.30. This level previously acted as a significant price floor in the months leading up to the FTX collapse. Traders should also be on the lookout for a test of the 200MA at $1.36.
Altcoins to Consider
Cryptocurrency markets have been performing well since the start of 2023, but the longer-term bear market remains very much still in play. Investors might still want to consider diversifying their holdings with the discounted presale tokens of some promising, up-and-coming crypto projects. Here is a list of a few that analysts at InsideBitcoins think have the potential to perform well.
FightOut (FGHT) – Presale on Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. FightOut, which touts itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part. FightOut seeks to combine the physical and web3 worlds.
The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023.
The FightOut app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winning will be paid out in FGHT.
FGHT can also be used in peer-to-peer fitness wagers. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised nearly $3.1 million in just a few weeks. FGHT is the token that will power the FightOut crypto ecosystem.
Calvaria (RIA) – Pre-sale Nearly Over
RIA, the token that will power afterlife fantasy-themed NFT battle card game Calvaria, is also currently in presale. The play-to-earn (P2E) crypto gaming start-up has raised close to $3.0 million in just a few months since the launch of its pre-sale. Only around 7% of its tokens remain up for grabs.
Calvaria seeks to bring crypto gaming into the mainstream by tapping into a huge, existing market – the market for physical battle card games (think viral sensations of the past like Pokemon and Yu-Gi-Oh). And with the crypto gaming space expected to grow from $4.6 billion in size in 2022 to $65.7 billion in size by 2027, according to an analysis by Markets and Markets, there is plenty of room for massive growth. Calvaria is set to launch its headline fantasy-themed card game “Duels of Eternity” in Q2 2023.
C+Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale, this will have risen by 80%. Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised over $330,000 in just a few weeks since the presale launch.
Investors should note that the remaining tokens could be scooped up quickly. A crypto whale recently scooped up over $99 worth of CCHG in one transaction, as can be verified here on BscScan.
FightOut (FGHT) – Newest Move to Earn Project
- CertiK audited & CoinSniper KYC Verified
- Early Stage Presale Live Now
- Earn Free Crypto & Meet Fitness Goals
- LBank Labs Project
- Partnered with Transak, Block Media
- Staking Rewards & Bonuses