• Cryptocurrency market rebounds with a 6.4% increase in 24 hours, reaching a total market cap of $1.01 trillion
• Kava (KAVA) is leading the pack with its impressive surge in value, gaining over 32.47% in the last seven days and launching an innovative incentive program, Kava Rise
• Aptos (APT), Polygon (MATIC), and Fantom (FTM) have also posted strong gains over the past week
Crypto Market Rebounds
The cryptocurrency market has seen a rebound of 6.4% over the last 24 hours, bringing the total market cap to $1.01 trillion as of March 13th. This rebound comes after a volatile week that included Silvergate’s liquidations and Silicon Valley Bank’s collapse.
Kava Gains Momentum
Kava (KAVA), the cross-chain decentralized finance (DeFi) lending platform, has been making headlines with its remarkable surge in value over the past week. The kava token has gained over 32.47%, trading at $1.05 as of March 13th, despite overall cryptocurrency market volatility. This success can likely be attributed to Kava’s recently launched incentive program – Kava Rise – which provides $750 million worth of block rewards to developers building on both Ethereum and Cosmos chains, as well as incentivizing validators to migrate their cloud infrastructures to Akash Network with a pledge of $1 million in AKT tokens from Akash Network itself.
Other Altcoins Post Strong Gains
In addition to KAVA’s impressive performance, other altcoins have also posted strong gains over the past week: • Aptos (APT): +109% • Polygon (MATIC): +20% • Fantom (FTM): +17%
Reduction in Volatility
The crypto market saw a reduction in volatility during this period, allowing for more successful investments and trades amongst investors looking for short-term returns on their holdings.
Conclusion
The latest rebound of the crypto market proves that there are still opportunities for investors willing to take risks amidst times of uncertainty and volatility; however it is important to remember that investing carries inherent risks, so it should always be done carefully and with caution!