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- 1 The KAVA crypto price surged 0.55% in the past 24 hours and was trading at $0.8111 at press time.
- 2 The daily chart shows that the KAVA price bounced back from the 50-day EMA, highlighting strength over the chart.
Kava is a blockchain platform that uses Cosmos and Tendermint to achieve a secure and scalable proof-of-stake consensus. It allows users to stake their KAVA tokens and earn rewards from the protocol, either by running a validator node or by using various exchanges and wallets.
Kava also offers smart contracts that have been verified by external auditors, and a developer incentive program that distributes funds to the most popular protocols on Kava. Kava aims to be a leading platform for web3 development and innovation.
Kava Crypto Price Technical Analysis
The daily KAVA/USD chart shows that the price has made a retest of the 50-day EMA indicating the presence of bulls at the lower levels. The long term trend is optimistic above the 50-day and 200-day EMAs. The price may continue to go higher, forming higher lows.
The technical indicators imply a positive outlook above the 50-day and 200-day EMAs. Moreover, the RSI line hovers above the mean line indicating strength.
Kava Crypto Volume Analysis
The 24-hour trading volume was $27.453 Million with a 20.72% drop compared to yesterday. This live market cap is $844.082 Million and it ranks 76th among the top cryptos. The volume-to-market cap ratio is 3.25%, highlighting low volatility in the market.
According to our analysts, the price of the Kava coin could reach up to $0.955 by the end of the year 2023. The pessimistic view of analysts is that it could fall to $0.687.
Kava Price Prediction 2024
As per the analysts, the most optimistic target for KAVA cryptocurrency is $1.782, indicating an upside potential of 116.63% from the current market price (CMP). The average analyst price target is $1.433 by the end of 2024. However, the pessimistic view of analysts points at $1.203.
Kava Price Prediction 2025
The most optimistic analyst forecast for the Kava token expects the price to reach a high of $3.068 with a potential gain of 253.6% from the CMP. The minimum forecasted price by the end of 2025 is $2.326.
Kava Price Prediction 2026
The KAVA Crypto price may reach a high of $4.096 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $2.948 by 2026.
Kava Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $5.583. The minimum price that Kava may reach by 2027 is $4.113.
Kava Price Prediction 2028
On an optimistic note, the KAVA token price may advance to a high of $8.698 in the next five years. The minimum price target that this token may achieve is $5.922.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
