After a beginning of the year with more light than darkness we are starting to get serious about trying to anticipate trends in some of the most interesting crypto assets such as the young Ton, Kava and Solana.
Kava Labs (KAVA)
KAVA reached €0.944442 retracting by 0.72% on the last day but trading volume rose to €201.345 million.
The token reached the eighty-sixth position in the market capitalization ranking touching €362,635,022 million with a circulating volume of 383,967,514 KAVA.
KAVA’s parent company is Kava Labs, Inc., is led by CEO Brian Kerr and is a decentralized cross-chain platform that lends USDX stablecoins to users who deposit cryptocurrencies for earning.
Kava is based on Proof-of-Stake and operates in all respects as a lending institution.
The company is based on the Cosmos Chain and uses a system that uses collateral according to the CDP to guarantee loans.
In the event that those who have to guarantee fail to do so, Kava directly seizes the necessary value and sells it to stem the problem.
Toncoin (TON)
Toncoin (TON), which listed on the market early last year, has held up well through 2022.
The token is a child of Telegram’s Gram project to which it is still linked but developed separately.
Ton’s highs touched $8 shortly after the first day of pricing and to date we are far from that value.
Toncoin, precisely because of its low historicity is still difficult to frame in terms of bullish rather than bearish supports and targets.
On the upside, the targets are certainly that of $2.25 and then $3.00, which could really launch it into a bullish trend.
Ton (Toncoin) has risen 2.40% in the last week and has essentially broken even since yesterday.
Today the digital currency is at $2.15 close to its next support target.
As of today there are 1.221 billion TON but the market capitalization is still not that significant.
Solana (SOL)
Solana is a DeFi company whose native token, SOL, is used to pay for transactions.
The platform aims to become increasingly scalable due to the proof-of-stake, or rather proof of history, on which it is based, a tracking of all transactions ever made inseparable from one another.
To date, the system supports 50,000 transactions per second while remaining decentralized.
The blockchain it uses is one of the most modern and recent in the crypto world but has always attracted the attention of investors to the point of competing with the larger Ethereum.
On the rise is the NFT sector of which Solana is riding the wave by rivaling the aforementioned Ethereum in both fruition and number of users.
SOL’s price is €19.50, down slightly since yesterday (-0.86%), retrogressing slightly after a nice gallop that saw it take center stage last week (+25.35 %).
The token is nowhere near the all-time high of €240.02 Euro, but it is riding high on growth in the NFT segment.
The platform recently integrated several NFTs including Claynosaurz, Panda, Pixel Boy, Moo Doo and ACF.
According to analyst firm Dune, Solana’s NFT transaction volume has also risen thanks to y00ts NFT, which has touched 2,100,000 SOL in the exchanges.
As of today There are 371,064,702.031 SOL in circulation.
