Kava Is Likely To Follow A Positive Trend, Says Crypto Analyst Coin Bureau
As the crypto market works to recover from the massive correction, a crypto analyst is heavily favoring two altcoins and a smart contracts platform.
Coin Bureau on Kava
Guy, a host at Coin Bureau, having more than two million subscribers on video sharing platform YouTube, thinks that decentralized finance (DeFi) loaning protocol Kava will follow a positive trend. Guy highlighted that the drop in value of Kava could the result of the recent massive downfall of Terra (LUNA). Guy also stated that in terms of Kava, the KAVA Coin will soon talk to the skies, as its scheduled mainnet enhancement is coming soon, also brining support for Ethereum Virtual Machine (EVM).
Further elaborating on the price activity of Kava, the protocol has seen quite a significant volatility in its price, which as mentioned before is likely due to the collapse of Terra. However, it should be noted that nearly every single cryptocurrency powered by Cosmos took a beating, but Kava has managed to keep its price at a long-term positive trend.
According to data taken from CoinMarketCap, Kava is currently sitting at a price of $1.89, down by almost 6%. About a month ago, Kava was hovering at a price valuation of around $5, but fell flat, dipping to a low of $1.54.
KCS and FTM
Next on Guy’s list was KCS, which is a native token from the popular cryptocurrency exchange, KuCoin, Guy noted that the fresh decentralized KCC is increasing the worth of an already popularly seen cryptocurrency exchange. Guy stated that as the adoption levels of the KCC (KuCoin Community Chain) continues to soar, the long-term price valuation of the KCS token is looking to be significantly impressive, mainly because of the rise in overall popularity of the KuCoin exchange.
The KCS token is currently showing sort of a positive trend on CoinMarketCap, recording a high of $17.11 since the past week, but as of now the token is sitting at a price valuation of $9.87, down by almost 4%. The token has managed to recover back from a low of $9.49 recorded a couple of weeks ago.
Guy also talked about smart contracts platform Fantom (FTM), saying that despite one of its main developers, Andre Cronje leaving, he still thinks positive about Fantom. Fantom is currently trading at $0.2583, down by about 5.26%.
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