KAVA is down 5.91% in the last 24 hours. KAVA, the native token of the Layer-1 blockchain Kava, increased by nearly 40% last week as the Kava network prepares for a major upgrade. The Kava 13 Upgrade will speed up transactions on the network and improve security when it goes live tomorrow. Moreover, the network will launch a bridge that will facilitate the transfer of assets from Cosmos to protocols across Kava. We often see examples of “buy the rumor, sell the news” strategy in the cryptocurrency market. We can say that the price of KAVA has fallen for a brief time before this important upgrade that will take place tomorrow.
