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KAVA Price Prediction – Will KAVA Price Hit $20 Soon?

Kava.io Price Prediction 2021 – Will KAVA Hit $7
  • Bullish KAVA price prediction ranges from $11.39 to $15.
  • The KAVA price might also reach $20 soon.
  • KAVA bearish market price prediction for 2021 is $4.89.

This Kava.io (KAVA) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our KAVA price analysis and prediction.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in KAVA.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will KAVA experience the same price volatility? We’ll find out shortly in this KAVA price prediction 2021 article. But first, let’s have a look at what KAVA is.

What is Kava.io (KAVA)?

Kava is a cross-chain Decentralized Finance (DeFi) lending project that enables users to borrow USDX stablecoins and deposit a different type of crypto to start earning a yield. Moreover, the Kava DeFi hub works like a decentralized bank for crypto assets. However, allowing users to access a range of decentralized financial services, that includes its native USD-pegged stablecoin USDX, also the synthetics and derivatives.

In addition, through Kava users could borrow USDX tokens by depositing collateral, effectively leveraging their exposure to digital assets. More so, the Kava is created on the Cosmos blockchain that makes utilization of a collateral debt position (CDP) system to enable stablecoin loans which are sufficiently collateralized.

Added to this, in case a borrower fails to maintain its collateral above a certain threshold, the Kava liquidator module will seize collateral from failing CDPs and send them to the auction module for sale. Even more, along with Kava’s USDX stablecoin, the Kava blockchain also adds the native KAVA token. Moreover, this is a utility token utilized for governance proposal voting. It also functions as a reserve currency when the system is undercollateralized.

Now that we are clear about KAVA do you think KAVA will be beneficial crypto in 2021? Join me and let us see the charts in this KAVA price analysis and KAVA price prediction.

KAVA Current Market Status

KAVA remains to be one of the most emerging cryptocurrencies nowadays. According to CoinMarketCap, the KAVA price is $8.22. Notably, KAVA was able to record a decreased rate of almost 1.51% in the last 24 hours.

In terms of its market standing, KAVA market capitalization amounts to almost $668,169,009 with a 24-hour trading volume of over $550,010,619. With all these achievements, we can say that KAVA has come a long way in developing its technology throughout the years.

Now that you already have an idea about what KAVA cryptocurrency is, do you think KAVA is a good investment this year? If you are already excited to know, come, and together let us check this KAVA price analysis and price prediction article.

KAVA Price Analysis 2021

KAVA continues to be one of the trusted digital assets in the crypto world. Do you think this is enough to maintain KAVA’s uptrend position this year? Are you already curious? Therefore, join me and let us check the chart in this KAVA price analysis to find out.

KAVA USDT Showing Ascending Channel Pattern
KAVA/USDT Showing Ascending Channel Pattern (Source: TradingView)

Based on the chart above, KAVA positions itself along with the raging bulls. Today, KAVA trades at a high price of $8.24 with a 7 days increased rate of +42%.

In addition, we can see that KAVA recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line. More so, the chart shows the Higher Highs and Higher Lows from this price pattern. In addition, this pattern represents a short-term bullish.

In other words, KAVA is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its $10 resistance level and reach the bullish price of $12. Of course, this is most likely to happen if the bullish market continues to reside with KAVA.

Conversely, if the bulls turn against the crypto, the price of KAVA might fall. In short, KAVA might break out from its uptrend position and nosedive to a bearish price of $5 to $3.5. Indeed, this price level is not a good picture in the eyes of the investors.

KAVA USDT Relative Strength Index
KAVA/USDT Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) of KAVA (KAVA) is at 76.83, indicating an overbought state. With this in mind, traders, especially scalp and day traders, can trade with confidence without worrying about a major price reversal.

Let us also look down for the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of KAVA.

KAVA 30 day SMA and 50 day EMA
KAVA 30-day SMA and 50-day EMA (Source: TradingView)

KAVA is one of the potential cryptocurrencies this year. Since the start of 2021, KAVA’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidations, fluctuations, and corrections right away.

KAVA Price Prediction 2021

The chart below shows that KAVA has performed great over the past few days. Moreover, the KAVA price shows a bullish trend. If this trend continues, KAVA might run along with the bulls, overtaking its $13 resistance level and move higher.

KAVA USDT Price Chart
KAVA/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and push KAVA from its uptrend position. In simpler terms, the price of KAVA might decrease to almost $4.89, a bearish signal.

Meanwhile, our long-term KAVA price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

KAVA Price Prediction 2022

If this bullish trend continues, KAVA will reach $25 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $35. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $25 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

KAVA Price Prediction 2023

The price of KAVA can move even great heights, however reaching $45. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency KAVA breaks past the psychological resistance level.

KAVA Price Prediction 2024

As per the latest upgrades, developments, KAVA price prediction, and new project forecasts of the platform. Moreover, this might boost the price of KAVA in the crypto market, and it will be the best investment as the price can spike and reach around $65.

KAVA Price Prediction 2025

In the next four years, KAVA prices could race up to $85. However, reaching this level could not be so difficult for KAVA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KAVA has a high possibility of reaching great heights soon in the next five years as per the prediction.

Conclusion

Kava.io has a bright future ahead of it in 2021. With the ongoing developments happening within the KAVA ecosystem, as well as in the overall crypto market, we may see KAVA reach new heights.

Bullish KAVA price prediction 2021 is $20. As said above, it may even reach its new ATH if investors have decided that KAVA is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

How to Buy KAVA Tokens?

Users can obtain KAVA tokens by purchasing them from cryptocurrency exchanges such as Binance, Tokocrypto, CoinTiger, FTX, and Huobi Global.

Will KAVA Surpass its Current ATH?

KAVA is a good investment in 2021. However, KAVA has a high possibility of reaching new heights this year.

Can KAVA reach $20 soon?

Yes, it’s very much possible that KAVA might reach $20 in the near future as per the current bullish trend.

What will be the KAVA price by 2022?

Kava.io (KAVA) price is expected to reach $35 by 2022.

What will be the KAVA price by 2023?

Kava.io (KAVA) price is expected to reach $45 by 2023.

What will be the KAVA price by 2024?

Kava.io (KAVA) price is expected to reach $65 by 2024.

What will be the KAVA price by 2025?

Kava.io (KAVA) price is expected to reach $85 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.