Are you in search of a layer-1 blockchain network that provides interoperability between Cosmos and Ethereum? Would you like to trade on a safe and secure blockchain network? Then, do consider investing in Kava Network.
The important features of the KAVA Network are as follows:
- Interoperability: KAVA is built on both Cosmos SDK and Ethereum. It is therefore possible to connect and operate KAVA on the 30 chains on Cosmos using the Inter Blockchain Communication Protocol (IBC).
- EVM-Compatibility: EVM-compatible blockchain can run smart contracts on dApps while benefiting from the scalability and security of the Ethereum network.
- Scalability: KAVA is an immensely scalable blockchain network. KAVA is powered by the Tendermint Consensus Agreement, which ensures its scalability over different protocols and among various traders.
- On-Chain Incentives: The best developers and projects including DeFi, GameFi, and NFTs are rewarded through on-chain incentives with a proportional share of the value and governance of the network.
What Is A KAVA Token?
KAVA is the native token of the Kava Network. The investors can own and stake KAVA tokens. This enables them to suggest and vote for changes in the platform. Only those investors who own a certain percentage of the tokens have such governance rights.
Here are some important figures that show the current market position of KAVA.
Current Market Price: $0.06552
Market Capitalization: $708,022,368
Fully Diluted Valuation: $708,022,368
24 Hour Trading Volume: $6,957,379
Total Supply: 1,082,856,257
Max Supply: 1,082,856,257
Kava (KAVA) Price Prediction
The current market price of KAVA is $0.06552. If the current market conditions persist, the price prediction of KAVA for the short term of May-December 2024 will be as per the table given below.
| Year | Yearly Low | Yearly Average | Yearly High |
| May 2024 | $0.46 | $0.5 | $0.53 |
| June 2024 | $0.91 | $0.98 | $1.06 |
| July 2024 | $0.97 | $1.05 | $1.12 |
| August 2024 | $1.04 | $1.11 | $1.19 |
| September 2024 | $1.09 | $1.18 | $1.26 |
| October 2024 | $1.15 | $1.24 | $1.33 |
| November 2024 | $1.21 | $1.30 | $1.39 |
| December 2024 | $1.27 | $1.36 | $1.46 |
The long-term price prediction of KAVA for 2025-2030 is given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $1.14 | $1.43 | $1.71 |
| 2025 | $2.42 | $3.02 | $3.63 |
| 2026 | $5.12 | $6.40 | $7.68 |
| 2027 | $10.85 | $13.56 | $16.27 |
| 2028 | $22.97 | $28.71 | $34.45 |
| 2029 | $48.63 | $60.79 | $72.95 |
| 2030 | $102.98 | $128.72 | $154.47 |
The general market sentiments for KAVA, as per the technical analysis indicators, is bearish. 22 technical analysis indicators show bearish sentiments whereas only 7 technical analysis indicators show bullish sentiments.
The 50-day SMA and 200-day SMA of KAVA is $0.828 and $0.778.
KAVA Token: Where And How To Buy It?
You can buy KAVA on any exchanges where it is listed such as Binance, DigiFinex, and MEXC.
Follow these simple steps to buy KAVA.
- Select a cryptocurrency exchange where KAVA is listed.
- Select a valid payment method such as a crypto wallet, bank transfer, or credit or debit card. Connect it to the exchange and ensure that the payment method is set up.
- Start your trade by going to the purchase page and selecting KAVA from the list.
- Place the order for the required number of KAVA coins.
- Complete the transactions as required.
- Once the transaction is completed, the purchased coins will be credited to your account.
- Store the coins safely in a cold wallet.
Also, Read: Future Of Crypto Exchanges: From Centralized To Decentralized
Is KAVA A Profitable Investment?
From the price predictions mentioned above it is clear that KAVA is not a good buy in 2024-2030. The outlook is bearish. That means the investor will not benefit from buying KAVA. The 50-day SMA as well as 200-day SMA also do not show any promise.
Therefore, it is not wise to invest in KAVA now. If you are considering any investments, please be informed of the market trends of the period and the coin’s performance history before making any investment decisions.
