KAVA coin has surged by 7% today: here’s where to buy KAVA

The price of the KAVA coin has been rising since March 13, 2022, and today it has risen by 7.94%.

All eyes are on the resistance level at $5.5.

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To help crypto investors and traders interested in investing in KAVA, Invezz has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

Best places to buy KAVA coin

As KAVA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase KAVA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy KAVA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‘connect’ your wallet to it.

4. You can now swap your ETH for KAVA

Now that you’re connected, you’ll be able to swap for 100s of coins including KAVA.

What is KAVA coin?

KAVA coin is the native token of the Kava blockchain.

In a nutshell, the Kava blockchain is a Layer 1 blockchain that combines the developer power of the Ethereum blockchain with the interoperability and speed of the Cosmos blockchain.

Kava uses a developer-optimized co-chain structure where Ethereum enables the support for EVM smart contracts and Cosmos enables the Inter Blockchain Communication Protocol (IBC) and the lightning-fast Tendermint consensus engine.

The two co-chains (Ethereum and Cosmos) are connected by a translator module that allows them to communicate seamlessly.

Kava holders can choose to stake or delegate to validator nodes where they can earn 37.5% of all Kava emissions as a reward. They can also stake it to earn voting rights.

Should I buy KAVA today?

If you want to invest in a cryptocurrency that is showing strong signs of a bullish breakout, then KAVA could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

KAVA price prediction

Crypto analysts believe that KAVA is headed for a breakout with a short-term target price set at around $5.5.

$KAVA social media coverage