What you'll learn 👉
What is Kava.io?
Kava is a cryptocurrency that serves as the native token for the Kava blockchain. Kava is a DeFi lending platform that allows users to borrow and lend multiple cryptocurrencies without the involvement of financial institutions. The Kava platform is built on a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer capabilities of Ethereum.
The main product offered by the Kava platform is decentralized loans, providing all Kava users with open access to loans, leverage, and stablecoins for hedging. Kava features an open architecture that enables future growth, and the platform will support a wide range of new crypto assets and offerings in the coming months. Kava utilizes a dual token strategy to ensure maximum flexibility and usability for each user.
Their Dapp can be accessed by connecting either a Ledger wallet or a Trust Wallet, after which users can access the products that Kava offers. Here, supply reward APYs can be as high as 85% at the time of writing, and borrow reward APYs as much as 65%.[2]
Kava.io is also part of a rather large DeFi ecosystem that includes some of the biggest names in the field, including: Binance, Huobi, Kraken, Okex, Chainlink, Ripple and 14 others[1]. The Kava Chain is built on the Cosmos blockchain which allows for easy interoperability[3], and this comes at no surprise considering Kava’s cross-chain capabilities.
It features its own stablecoin called USDX that users can borrow through the Kava Protocol, which at the moment has over $378,000,000 in total asset value[4]. Hard Protocol, its other product, has distributed over $11,000,000 in total earnings so far, and its total asset value currently sits over $146,000,000[5].
KAVA is a native token on the Kava platform; although HARD is also a native asset, KAVA is the particular token that will be covered in this article.
Our KAVA price forecast suggests the token price will be around $0.4052 in the next 90 days.
👉 Kava.io Price Prediction 2024
Our KAVA price forecast suggests the token price will be around $1.02 in 2024.
👉 Kava.io Price Prediction 2025
We predict the Kava.io price to hover around $1.38 in 2025 based on our analysis.
👉 Kava.io Price Prediction 2026
In 2026, we expect the Kava.io price to be approximately $1.45 according to our price prediction model.
👉 Kava.io Price Prediction 2027
Our KAVA prediction indicates the token price will be in the vicinity of $1.87 in 2027.
👉 Kava.io Price Prediction 2028
For 2028, we forecast the KAVA price to be around $2.28 given current trends.
👉 Kava.io Price Prediction 2029
Looking ahead to 2029, we estimate the Kava.io price will settle around $2.69.
👉 Kava.io Price Prediction 2030
Our KAVA price prediction suggests a token price of about $2.96 by 2030 based on projected growth.
KAVA Price Prediction 2024
Below we take a look at KAVA and examine some details and predictions to estimate a reasonable price for Q4 2023, 2024, and beyond as well as for the upcoming years. It should be noted that while price predictions are based on data, and often are analyzed by AI, they should never be taken as financial advice or be used as a solid basis for an investment, and neither should this article. It is always highly recommended users do their own research into the projects whose tokens they wish to invest in.
As the first few months of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards post-halving rallies, with the BTC halving now behind us. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,000 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.2 trillion.
Below is a tabular overview of how will KAVA develop in the short-term (for the next 90 days), according to our prediction model:
Fundamentals
Use Case:
KAVA is one of two native assets on the Kava platform, and is primarily used as a governance token for voting on protocol rules. In addition to governance, it is also used as a Proof-of-Stake staking asset, which according to the website, ensures the finality and safety of loans on the protocol and also acts as the ‘lender of last resort’ in certain situations.[3]
Tokenomics
According to data gathered from Messari and Coinmarketcap:
The total supply sits at ~141,314,447, with no max supply set
Of that, ~81,443,180 tokens are in circulation
And its inflation rate is yet to be determined
Some supplemental data:
It is down 700% from its all time high as of writing
Coinmarketcap currently ranks it at #119 on its platform
And Messari currently ranks it #6 for lending
It is worth noting that the max supply of KAVA has not been set, meaning that theoretically more tokens can be minted in the future. When new tokens are created they can cause inflation, the degree of which depends on how the process is planned and implemented.
The data presented above can be subject to change, always visit the source for up-to-date information: Coinmarketcap – Messari
Team
Kava was co-founded by CEO Brian Kerr, Ruaridh O’Donnell and Scott Stuart. Brian’s education lies in business administration and has previously worked as an advisor for several blockchain and crypto projects. Ruaridh is an MSc Physics graduate and has experience as an engineer and data analyst. Lastly, Scott is a former professional poker player, and is currently working as a product manager at Kava Labs, the parent company behind Kava.[6]
The rest of the team is, according to the company, comprised of people from diverse backgrounds and skills brought together with the passion for building new and open financial infrastructure, with the hope that their efforts create real and lasting change in the world.[7]
Their main X (Twitter) has over 292,000 followers, and is rather active; tweeting several times a day. The tweets are mostly relevant to their works and include updates, tutorials and events. The account doesn’t overhype the token or project, nor does it promise future gains, which are positive signs.
They also have a Medium where they post short articles a few times a month, and similar to their tweets, these articles cover updates and announcements, and also include tutorials.
Their YouTube channel currently only 5 videos uploaded with around 3.9k subscribers, but looks like it’s not active.
Community
The official Telegram of Kava currently has over 20,000 members in its group, and its counterpart, Discord, has around 10,000 members in its channel. While not mentioned on their website, an unofficial subreddit by the name of r/kavalabs exists dedicated to the platform; it is home to around 2,000 members, and sees a post around once every other day.
Exchanges & Wallet Support
According to Coinmarketcap there are currently around 30 exchanges that currently trade KAVA, and 2 well known wallets that support it.
Market Price Prediction
Below we take a look at a few price predictors and see what they have to say about KAVA’s prices in the upcoming years.
- DigitalCoinPrice predicts that KAVA will experience tremendous growth in 2027 and has the potential to reach new highs in terms of price and market capitalization. Specifically, they forecast the price of KAVA could reach up to $12.06.
- Changelly predicts the minimum trading price of KAVA might be 0.540, while the maximum could be 0.566 in Q4 2023. They forecast the price of KAVA may increase in the future but do not provide a specific target.
- Capital.com reports that CaptainAltCoin predicted the KAVA token price could drop to $0.4118 by March 2023 but potentially recover to $0.7806 in January.
- Telegaon predicts the KAVA coin price could hit an average price of $4.18 by 2024. They do not provide other specific forecasts.
- PricePrediction.net predicts KAVA will increase in value and could reach a maximum price of $30.63 by 2030, according to experts and analysts.
*These predictions are merely supplemental data and should not be taken as financial advice
**Percentages are based on current value and could change anytime
KAVA Price Prediction 2024
Our prediction model sees a temporary switch to a bear market in Q4 2023 before we move onto another leg up in 2024.
KAVA Price Prediction 2025
Our prediction model sees KAVA reaching $1.38 in 2025.
What will KAVA be worth in 5 years?
The price of KAVA in 5 years could lie around $1.20, according to CaptainAltcoin’s prediction model.
Kava.io Price Prediction 2030 – 2040
What Kava will be worth in 2030?
Our forecasting model sees Kava reaching $3.44 in 2030.
What Kava will be worth in 2040?
Our forecasting model sees Kava reaching $6.89 in 2040.
Will Kava replace / surpass / overtake Bitcoin?
No, Kava will not replace or overtake BTC.
Is Kava worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Kava is worth buying.
Is Kava a good investment?
Kava is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Kava be worth?
For the short-term future, it could reach $0.4052. In the long-term (8-10 years), it could jump to $3.44 or even higher.
Why will Kava succeed and go up in price?
Kava has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Kava rising up to $3.44 in 2030.
Why will Kava fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
Can Kava reach $100?
Yes, it is possible that Kava can reach $100 but only in a distant future, after 2030.
How high will Kava go?
Our forecasting model sees Kava price exploding and reaching $6.89 in a distant future.
What is the short-term prediction for Kava?
Kava will reach $0.4052 in the next 90 days, which is a 38.8% change over the current price which hovers around $0.6621.
Can Kava make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Kava millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Kava could make you a millionaire.
Kava Price Prediction Today - What will be the price of Kava tomorrow?
Kava will hover around $0.6998 tomorrow.
Can Kava explode?
No, Kava price will not explode and record 5-10x pumps; but grow more modestly with an increase of 18.8% in the next year.
What will be the price of Kava in 10 years?
Kava price in 10 years will hover between $3.44 and $6.89.
Kava Price Prediction 2023 - What will Kava be worth in 2023?
Kava will reach $0.8236 in 2023, which is a 24.39% change over the current price.
Kava Price Prediction 2024 - What will Kava be worth in 2024?
Kava will reach $1.02 in 2024, which is a 54.12% change over the current price.
Kava Price Prediction 2027 - What will Kava be worth in 2027?
Kava will reach $1.87 in 2027, which is a 182.13% change over the current price.
Kava Price Prediction 2028 - What will Kava be worth in 2028?
Kava will reach $2.28 in 2028, which is a 244.53% change over the current price.
Kava Price Prediction 2029 - What will Kava be worth in 2029?
Kava will reach $2.69 in 2029, which is a 306.93% change over the current price.
Kava Price Prediction 2050 - What will Kava be worth in 2050?
Kava will reach $10.36 in 2050, which is a 1464.16% change over the current price.
Can Kava reach $10?
Yes, Kava could reach $10 by the end of 2024.
Where & How to Buy KAVA:
Where to buy KAVA:
Many major exchanges support KAVA, including: Binance, Huobi, Kraken and Crypto.com. For a bigger list, see here.
How to buy KAVA:
The process of buying crypto can differ from exchange to exchange, but here are solid guidelines on how to buy KAVA:
- Select an exchange that supports KAVA and check for KYC (account verification) requirements and available payment methods.
- Create an account on your preferred exchange.
- Purchase KAVA with your preferred payment method.
Already have an account on an exchange that supports KAVA?
Note: When buying or swapping tokens, some exchanges may have minimum amounts in place. Additionally, most exchanges issue varying fees for purchases and swaps.
KAVA Wallets
The following wallets are trusted and support the KAVA token:
Summing It Up
DeFi is continuously growing and seeing wider adoption, however, with the latest controversy surrounding a poorly worded and crypto-unfriendly bill that the US wanted to pass, confidence in DeFi is shaky as fears of future illogical regulations grow.
That isn’t to say however, that Kava isn’t a solid and interesting project, because it certainly is. It offers various DeFi products and services, is interoperable with a lot of chains, and offers good APYs that encourage and attract investors.
Their aim of democratizing financial services is one that can be appreciated by DeFi enthusiasts, along with their focus on safety, security and reliability. As DeFi grows, so will Kava, but the rate and extent to which it grows is tied to DeFi, and hindered confidence in such projects due to fears of regulation could hold its token price from its potential.
References & Resources:
- [1] Kava.io
- [2] App.kava.io
- [3] Kava.io/faq
- [4] Kava.io/kava-protocol
- [5] Kava.io/hard-protocol
- [6] Coinmarketcap.com/currencies/kava
- [7] Kava.io/about
- Coinmarketcap
- Messari
- Walletinvestor
- Digitalcoinprice
- Tradingbeasts
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