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Kava Fundamental Analysis

Kava Fundamental Analysis

Kava is a cross-chain DeFi platform for lending USDX stablecoins. Platform users can borrow stablecoins while depositing their collateral and purchasing a variety of other digital assets to start profiting from it. It was launched in 2019. As the official website says, Kava aspires to make democratized financial services available for everyone.

Kava DeFi hub is functioning as a decentralized bank of digital assets providing users with access not only to stablecoins, but also other financial services such as synthetics and derivatives. To use the assets across different chains, they need to be wrapped as BEP-20 tokens. Also, users can mint their USDX stablecoins and then contribute it to the platform’s money market (HARD Protocol) and thus earn APY while the collateral is secured by the network.

The project is built on the Cosmos blockchain and uses a collateralized debt position system (CDP) to ensure that stablecoin loans are sufficiently collateralized. If the borrower couldn’t keep their collateral higher than a defined threshold limit, the Kava liquidator module will take collateral from the failed CDPs and redirect them to the auction.

The platform is fueled by utility Kava tokens which also grant the governance of the platform and could be used as a reserve currency if the system is undercollateralized. Kava is an inflationary token with a total supply of 111.5 million tokens that grows every year from 3% to 20%, depending on the staking proportion. The current circulating supply is 91 million coins.

Kava Price Chart

Kava Price Chart

Kava token started the year with a bearish trend that lasted the first two weeks of 2021, and after that, following the major crypto bull run started to climb up reaching the first milestone of $5 on February 12. The price went through the correction on February 23 and then started to rise again.

By March 14, the token reached its new all-time high but then overperformed itself on April 4, with the value reaching $7.42. From this position, the token slowly started to go into a downtrend where it stayed until the end of July. As a result, Kava reached an all-time high of $9.12 on August 30 and has been declining with slight price rises ever after.

Overall, Kava is considered to be one of the most emerging coins this year mainly due to the constant project development. This year Kava token has seen higher bullish moves than before. At the moment of publishing, the token price is $5.85, which has been stable for the last week.

Kava Technical Analysis

Despite the fact that 100% accurate technical analysis for Kava cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView, you can see the real-time aggregated KAVA buy-and-sell rating for a selected timeframe. The summary for KAVA/USD is based on the most popular technical indicators — Moving Averages, Oscillators, and Pivots.

Kava Price Prediction

Below we have collected the most reliable price projections for Kava (KAVA) from popular forecast platforms.

#1. WalletInvestor KAVA Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Kava price will grow from $5.243238 to $8.475 in one year. That makes KAVA an awesome investment. The long-term earning potential is 61.64%. Predicted price for the end of 2026 is $22.203.

#2. TradingBeasts KAVA Price Prediction for 2022

Answering the question about if Kava is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $5.01411 with a growth to $5.27647 by the end of 2022.

#3. DigitalCoin KAVA Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Kava cryptocurrency will rise in the next 5 years starting from $5.376448 as of today’s price to $18.6947102. It will go up to $8.9422504 by 2022 and continue its growth in 2023–2024. Based on this forecast, Kava is a profitable long-term investment.

Summary

As it can be clear from the analysis cited above, Kava (KAVA) projections are rather contradictory. There is no universal consensus either about positive or negative future KAVA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Kava projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Kava Price Prediction: Is Kava Cryptocurrency a Good Investment? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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