What is Kava?
Kava is decentralized finance (DeFi) Platform that support multicollateral asset including BTC, XRP, BNB and ATOM and offer self-issue loans without asking credit score and counter party. network is built by utilizing code from cosmos and operates on tendermint consensus with bounded proof of stake mechanism. The platform uses stable coins to provide services in the finance, in which network has cross chain platform that has similar services like MakerDAO, but they don’t have capability to support ETH and ERC-20 Ethereum based token.
Basically, Kava is based on two main tokens, where it also features KAVA coin and governance token to stake in bonding curves of network validator. Kava also working on giving access group of diverse networks to new user in which primary they are using interledger to integrate with diverse blockchain. To develop stable coin, kava uses XRP, which will provide boost to the CDP, means using platform user can lock their cryptocurrency and gets rewards in the form of USDX.
Kava with PoS mechanism allows user to staking and participate as validator in the network by providing governance. Testnet was launched early in 2020 and on 11th June 2020 mainnet will launch, as currently they have more than 200 active validators on the network, so network can be maintained. In October 2019, using Bianance exchange platform, kava conducted IEO to raise $750,000 USD.
Kava Coin Price Prediction
Kava with announcement of mainnet with major integration with BNB, in which platform offers 3 million kava coin for minting USDX for 52 weeks with their BNB. comparing with other crypto assets staking BNB is more profitable and unique way promoting staking by providing highest yield for less number of BNB coins, where reward ranging from 308% to 8%. Along with BNB, Chainlink also going to provide oracle services to cosmos, which is also directly provide access to the Kava, because Kava first defi project built on Cosmos SDK. in the price graph since Kava indexed on coinmarketcap there is always big movement, as kava promising with price fluctuation, where in February 2020 it climbs to $1.33 USD and now again in June 2020 by crossing $1 USD mark, it expected to cross $1.5 USD mark till end of 2020.
Kava Coin Price Prediction 2020
|Month & Year||Price Prediction in USD|
|August 2020||$1.232 USD|
|September 2020||$1.56 USD|
|October 2020||$1.67 USD|
|November 2020||$1.56 USD|
|December 2020||$1.90 USD|
Price Prediction of Kava Coin from 2021 to 2030
|Quarter & Year||Price Prediction USD|
|January 2021||$1.78 USD|
|March 2021||$2.10 USD|
|June 2021||$2.45 USD|
|September 2021||$1.86 USD|
|December 2021||$2.076 USD|
|January 2025||$8.23 USD|
|March 2025||$7.99 USD|
|June 2025||$6.45 USD|
|September 2025||$7.42 USD|
|December 2025||$8.44 USD|
|January 2030||$16.23 USD|
|March 2030||$17.232 USD|
|June 2030||$10.92 USD|
|September 2030||$12.82 USD|
|December 2030||$13.42 USD|
|Ticker Symbol||KAVA Coin|
|Based on||Cosmos Defi Lending platform|
|All-time high||$1.62 USD|
|Exchange Platform||Binance, Bilaxy, Bitmax, Gate.io, CoinDCX, Bitrue, MXC, Hoo, Hotbit, HitBTC, Biki, Coinone, Dcoin.|
|Wallet||Sellarx, Binance Wallet.|
Kava ICO Overview
|Platform used||Binance IEO|
|Raised by||3,000,000 USD|
|Date of ICO||June 2019 to October 2019|
|ICO Price||$0.46 USD|
|Partners||Tendermint, framework, Hashquark, Arrington XRP capital, Dokia Capital, cosmosation, stakewith.us, HASHKEY.|
Can Kava Reach $10 USD?
Yes, maybe somewhere between 2027.
How Much Kava Coin Worth in 2025?
Expected worth will be $6 USD.
Is Kava a Good Investment?
Yes, right now Kava will be good for short term investment.
MakerDao is rapidly growing blockchain project with market cap volume over $500 million USD, where maker only support ETH, but Kava with ability of creating stablecoin to get access over for minting will be more profitable in future. so, this project will get similar response as Maker, as project founder aiming high with this project for which Kava going to intergrated with custodial BTC peg into CDP system mainnet. Project currently allowing decentralized loans & Leverage, stablecoin hedging with interest and extensible synthetics and derivatives.