Kava (KAVA) Price
KAVA
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About Kava (KAVA)
Built on the Cosmos blockchain, Kava is a cross-chain Decentralized Finance (DeFi) lending platform. Users deposit assets, borrow stablecoins and earn yield.
KAVA is the platform’s native token used for governance. It also serves as a reserve currency.
The Kava DeFi hub has been described as a DeFi bank for digital assets, allowing users to tap into a range of services.
A fast, layer-1 blockchain, Kava features a unique "co-chain architecture" that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM), explained a Kava Labs Blog.
"One network, two chains," Kava says about its claim as a meld of the Cosmos and Ethereum ecosystems.
Kava's blockchain supports multiple applications and services for crypto users while also providing a safe and secure environment for DeFi apps and services to run, Messari said.
The Kava 9 upgrade in January 2022 was hailed by the project in a media statement as the first major milestone in Kava’s mission to connect the Cosmos and Ethereum ecosystems to "deliver a frictionless Web3 experience for DeFi, gaming and non-fungible tokens (NFTs).
The current price of KAVA
As of early April of 2022, KAVA was trading at about $4.50, roughly flat since the start of the year. KAVA’s three-month-long trek sideways was relatively impressive considering global macro headwinds hitting the crypto markets during this period.
The late summer of 2021 saw KAVA hit an all-time high of $9.12, per CoinGecko, as broader crypto markets rallied. This marked an impressive turnaround for the token which reached an all-time low of $0.29 some 18 months prior.
KAVA has a current market capitalization of about $740 million, making it the 128th-largest digital asset in terms of total market capitalization.
How the price of KAVA is determined
KAVA’s price is partly a function of the token’s inflationary nature. All tokens are distributed to qualified users with inflation proportional to percentage of KAVA bonded to the protocol.
As of early April of 2022, there were 170 million KAVAs in circulation, according to CoinGecko. That’s out of a total of 176 million tokens minted by the protocol.
What the bulls are saying about Kava (KAVA)
- KAVA could be above $9 in five years, Capital.com said.
- "Our long-term KAVA price prediction for 2022 is bullish," CoinQuora said.
- KAVA could reach near $14 by the end of next year, predicted TechNewsLeader.
What the bears are saying about Kava (KAVA)
- “The lack of a white paper is frustrating, and a clearer roadmap would be welcome,” said Currency.com.
- "Our price prediction model is bearish for the next 90 days," Captain Altcoin said in late February 2022.
- Assessing various predictions for KAVA for the rest of 2022, the overall outlook is bearish, SwapSpace said.
How to buy Kava (KAVA)
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