Injective Collaboration Spikes up the Bulls

Teth­er decid­ed to inte­grate USDt native­ly on Cos­mos in July 2023, using the Kava Chain as a hub. Since then, it has brought acces­si­bil­i­ty and finan­cial sta­bil­i­ty to users and devel­op­ers with­in the Cos­mos ecosys­tem. This has turned some heads towards the Kava chain. This has made many com­mu­ni­ties search for the pos­si­bil­i­ties of col­lab­o­ra­tion with Kava.

Injective’s Collaboration with Kava Chain

Injec­tive, a blockchain on the Cos­mos Layer‑1, has cho­sen Native USDT on the Kava Chain for their Perps trad­ing. The Kava chain is a Layer‑1 blockchain that is fast and secure, com­bin­ing the devel­op­er pow­er of Ethereum with the inter­op­er­abil­i­ty and speed of Cosmos. 

This part­ner­ship between the two plat­forms is expect­ed to offer sig­nif­i­cant ben­e­fits to their users and change the world of DeFi. Kava chain’s capa­bil­i­ties will inte­grate with Injective’s inno­v­a­tive DeFi tech­nol­o­gy to pro­vide ben­e­fits such as improved liq­uid­i­ty, enhanced trad­ing oppor­tu­ni­ties, and cross-chain flexibility.

The choice of Kava chain’s native USDT for Perps Trad­ing uplifts the mutu­al ben­e­fits that this part­ner­ship brings. It is expect­ed to offer users the best of both worlds and enrich the DeFi expe­ri­ence for traders and devel­op­ers. Togeth­er, they are expect­ed to reshape the pos­si­bil­i­ties with­in the decen­tral­ized finance sector. 

What Co-Founders of Both Companies Say About the Collaboration 

Kava Labs’ co-founder and CEO Scott Stu­art expressed his excite­ment over Injective’s selec­tion of the Kava. The part­ner­ship with Injec­tive show­cas­es Kava’s ded­i­ca­tion to pro­mot­ing inno­va­tion and acces­si­bil­i­ty in DeFi. The addi­tion of Injective’s pow­er­ful tools and capa­bil­i­ties is some­thing that Kava users can look for­ward to. 

Eric Chen, Injective’s co-founder and CEO, also com­ment­ed on the col­lab­o­ra­tion. He dis­persed his words elab­o­rat­ing on the intro­duc­tion of sta­ble asset inter­op­er­abil­i­ty. He said that this could be a sig­nif­i­cant ben­e­fit for the Injec­tive ecosys­tem. As a leader in the cryp­to indus­try, USDT’s exten­sion of Kava’s offer­ing is a major mile­stone for the community.

Prediction of KAVA Coin Price 

At the press time, the KAVA  coin price is trad­ing at the lev­el of $0.781 after see­ing some cor­rec­tions. The Imme­di­ate resis­tance from the cur­rent lev­el is at $0.848, sim­i­lar­ly, the imme­di­ate sup­port lev­el from the cur­rent lev­el is at $0.729. 

Fur­ther­more, the bulls are serv­ing the 150-day EMA after it made a bull­ish crossover with the 50-day EMA. How­ev­er, the RSI is seen com­ing down after touch­ing the over­bought lev­el of 78. The KAVA coin price pre­dic­tion will be bull­ish as per the cur­rent tech­ni­cal analysis.

Conclusion

Injec­tive, a blockchain on the Cos­mos Layer‑1, has cho­sen Native USDT on the Kava chain for their Perps trad­ing. This part­ner­ship between the two plat­forms is expect­ed to offer sig­nif­i­cant ben­e­fits to their users. The KAVA coin price is surf­ing its EMA at press time and bulls will like­ly lead the price upwards soon. 

Technical Levels

• Sup­port Lev­els: $0.729 and $0.602
• Resis­tance Lev­els: $0.848 and $1.033

Disclaimer

The views and opin­ions stat­ed by the author, or any peo­ple named in this arti­cle, are for infor­ma­tion­al pur­pos­es only. They do not estab­lish finan­cial, invest­ment, or oth­er advice. Invest­ing in or trad­ing in stocks, cryp­tos or relat­ed index­es comes with a risk of finan­cial loss.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.

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