💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
KAVA is trying to conquer the $6 zone so it can continue to rise to the $7.50 and $10 zone this August. But if it fails to break above the $6 zone, it will correct to the $5 zone before starting an uptrend towards the $10 zone.
📈RED PLAN 🔴Buy : 5.85-6.15$ if A. SL if B
📉BLUE PLAN 🔴Sell : 7.3-7.7$. SL if A
🔴Sell : 9.75-10.25$. SL if A
🟣PURPLE PLAN 🔵Sell : 5.85-6.15$ if B. SL if A
🔵Buy : 4.88-5.12$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Kava aims to become the defaultDeFi platform by providing stablecoins and decentralized lending against all major crypto assets.
Kava utilizes Cosmos and operates with a Tendermint-based Proof-of-Stake (PoS) consensus mechanism. At its core, Kava relies on a system similar to MakerDAO with CDPs but leverages the zones from Cosmos to add cryptocurrencies running on independent networks (e.g., XRP, Bitcoin).
Kava relies on two main tokens: KAVA and USDX (Kava's stablecoin). Besides its stablecoin USDX, Kava features a governance token, KAVA, that is further staked in bonding curves of network validators. It is also used when Kava acts as a lender of last resort.
The platform has three primary use-cases:
Users can draw USDX, Kava's stablecoin, by locking collateral in a smart contract.
They may stake USDX for a yield.
Users may take out a series of collateralized loans to create synthetic leverage for any supported crypto asset. For instance, it is possible to lock XRP and mint USDX to buy XRP, hence creating a leveraged long position on XRP.