Kava Price Prediction 2023-2030: Will KAVA Reach $2 Soon?

• Bullish Kava (KAVA) price prediction ranges from $0.235 to $2.00
• Analysis suggests that the KAVA price might reach above $1.98. 
• The KAVA bearish market price prediction for 2023 is $0.437

Kava is a layer-1 that supports developers to build on it by its combination of the features of the Cosmos and Ethereum blockchains. Its utility token is called KAVA.

Kava investors are bullish on the token since it has had a return on investment (ROI) of over 467% in the past three years. The crypto bubble 2021 led to an increase in the price of KAVA to its present all-time high (ATH) of $9.19, attained in September 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, KAVA investors are confident that the future of KAVA is bullish.

If you are interested in the future of Kava (KAVA) and want to know the price analysis and prediction of KAVA for 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article.

Kava (KAVA) Market Overview

What is Kava (KAVA)?

Kava is a layer-1 blockchain that uses the features of the two most permissionless ecosystems, Cosmos and Ethereum blockchains, in one network. This helps to give the network lightning speed, scalability and low transaction fees. Its native token is called KAVA. The Kava Labs control the kava.

Kava (KAVA) is present in blockchains like Cosmos, Ethereum blockchain, Binance Smart Chain, Polygon, and its mainnet. Hence, hodlers of KAVA can deposit their assets on any of the blockchains.

Kava was launched in 2017, but its native token, KAVA, was established in 2019 after an initial coin offering (ICO) was conducted through Binance Launchpad, and $3 million was raised. Its network mainnet, KAVA 10 or Kava Network 1.,0 was launched in May 2022. The co-founders of Kava are Brian Kerr, Scott Stuart, and Ruaridh O’Donnell.

The Tendermint consensus mechanism provided by the Cosmos features ensures that Kava Network meets the transaction needs of its millions of users. This is due to the Byzantine Fault Tolerance (BFT) that provides the finality and security of the Tendermint Proof-of-Stake mechanism. Kava Network is also compact with all protocols that work with the Ethereum Virtual Machine (EVM) that the Ethereum blockchain provides.

Kava is unique as it carries some endemic features that it has in its ecosystem. 

Seamless interoperability is the first trait that enables developers to build on either Cosmos or the Ethereum Virtual Machine (EVM) without sacrificing access to users or assets. 

The on-chain incentive program, Kava Rise, ensures that the best builders in the Ethereum and Cosmos ecosystems are properly rewarded for driving growth on Kava.

Kava’s architecture enables the free Kava of users, assets, and projects between Kava and the industry’s most prominent ecosystems at scale, all powered by the lightning-fast Tendermint Core consensus engine.

Kava’s unique co-chain architecture enables seamless asset transfers and interactions between the Ethereum and Cosmos ecosystems, unlocking new opportunities and broadening access for developers and users alike.

Kava Current Market Status

The maximum supply of Kava (KAVA) is unknown, while its circulating supply is 492,777,180 KAVA coins, according to CoinMarketCap. At the time of writing, KAVA is trading at $0.7724 representing 24 hours decrease of 0.80%. The trading volume of KAVA in the past 24 hours is $20.5 million, which represents a 122.39% increase.

Some top cryptocurrency exchanges for trading Kava (KAVA) are Binance, Kucoin, Huobi Global, Gate.io, and Kraken.

Now that you know what KAVA is and its current market status, we shall discuss the price analysis of Kava (KAVA) for 2023.

Kava Price Analysis 2023

Currently, KAVA is ranked in the 99th position on CoinMarketCap. Will developments and upgrades within the Kava community lead to a rising in the price of Kava (KAVA)? We shall see this in this CoinEdition price analysis 2023 article.

Kava Price Analysis – Keltner Channel

The Keltner channel is a technical indicator introduced by American grain trader, Chester W. Keltner to gauge the volatility of the market. For this purpose, it has three bands; the Upper band, Middle band (EMA), and lower band. 

The upper band is calculated by adding twice the Average True Range (ATR) to the EMA (middle band), while the lower band is calculated by subtracting twice the ATR from the EMA. Moreover, the Keltner bands could also be used to determine the direction of the price movement.

The chart above shows two red rectangles that denote the expansion and contraction of the Keltner channels. When the bands widen it means that there is going to be more volatility. Or in other words, the prices could drastically drop or increase. When the bands squeeze, there could be less volatility. This is because the range of fluctuation would be restricted and the prices will be constrained to move sideways. 

Additionally, when the price of a cryptocurrency continuously touches the upper or lower band and thereafter touches the opposite band, (which is, if a cryptocurrency continuously touches the upper band and finally touches the lower band, then we could determine that the bullish trend has faded.) This applies vice-versa as well. This behavior could be seen inside the green rectangle. 

Currently, KAVA is testing the lower band, hence, there could be a trend reversal awaiting. Since this is the initial stage of testing the lower band, we could expect KAVA to test the lower band a few more times before the trend reverses. 

However, although it is hard to adjudicate when the trend reversal could take place, it is more likely that KAVA may rise in price and move toward the middle band. If the Bulls are strong, then KAVA could move into the first half of the Keltner channel.

Additionally, as the bands are constricting, the price fluctuation could be limited even in the event of a trend reversal. Traders may want to consider this and focus more on volume to make the most of this scenario. 

Kava Price Analysis – Bollinger Bands 

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When this setup is used in a cryptocurrency chart, we could expect the price of the cryptocurrency to abide within the upper and lower bounds of the Bollinger bands 95% of the time. 

The above thesis is derived from an Empirical law also known as the three-sigma rule or the 68-95-99.7 which states that almost all observed data for a normal distribution (normal scattering of data) will fall within three standard deviations. 

As such for a data set that follows a normal distribution, 68% of data will fall within 1 standard deviation of the mean, while 95% of data for the normal distribution will fall within 2 standard deviations of the mean and 99.7% of data will fall within 3 standard deviations of the mean. 

Hence, as the Bollinger bands are calculated using two standard deviations, we could expect KAVA to abide within the Bollinger bands 95% of the time. (i.e whenever the cryptocurrency touched the upper band, the chances of it coming down are 95%.). This concept applies vice-versa as well. 

Moreover, the sections highlighted by red rectangles show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. Currently, the bands are opening up after being in a closed position. 

This could indicate that there is going to be more volatility for KAVA in the future. Since KAVA has touched the lower band, the market could correct the price and Kava could retrace and increase in value. This presents an excellent opportunity for those looking to short. However, it is vital to time the entry point to seize the opportunity.  

Notably, the Bollinger Band behaves very closely with the Keltner channel. For instance, if you were to use both the Bollinger bands and Keltner channel indicators for a cryptocurrency, you would see that almost most of the time both indicators overlap.

However, the only difference between with Bollinger band and the Keltner channel is that the Bollinger bands use Standard Deviation while the Keltner channel uses Average True Range for calculating its bands which are the top and bottom limits.

Kava Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. 

When considering the first green rectangle from the left of the chart below we can see that the RSI line (purple) is below the Signal line (yellow). As such, KAVA is bearish or losing value. Therefore it is reaching lower lows as shown

The second green rectangle shows that the RSI is above the signal. Hence, KAVA is bullish as it is making higher highs.

Currently, the RSI is below the Signal line. However, the RSI is at 36.56 and is tilting downwards, hence, we could expect the KAVA prices to decrease.

Moreover, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains against the losses is then deducted from the 100. 

If the answer is less than 30, then we call that the price of the security is in the oversold region. 

This means that many are selling the security in the market, and as such the security is undervalued.  Moreover, as per the Supply-demand curve theory, the price is supposed to drop when there is an increase in supply. 

If the answer is more than 70 then the security is overbought as many are buying. Since many want to buy the security the demand increases which intuitively increases the prices.

Additionally, the RSI could be used to determine how strong a trend is. For instance, when a cryptocurrency is bullish or reaching higher highs, then the RSI line also should be making higher highs in unison. 

For instance, if the RSI is making lower highs when the cryptocurrency is making higher highs, then we may say that although the token/coin is on a bullish trend it is losing value. As such, there could be a trend reversal in the future. 

However, the RSI could also give false alarms for breakouts. Although we may expect, the prices to retrace if it goes to the oversold or overbought region, the prices also can stay in the oversold or overbought region for an extended period. As such, traders should be wary of it and let the market saturate before making vital decisions. 

Kava Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the coin is bullish. Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Green triangle section).  

When considering the red rectangle, KAVA was above the 50-day MA. Hence we could say that it was bullish in the short term. However, KAVA is fluctuating below the 50-day MA after testing it. Moreover, the 50-day MA and the 200-day MA are in close quarters, but they are parallel to each other. However, if the 50-day MA approaches the 200-day MA which is above it, then a Golden cross could occur.  

If the preceding happens, then KAVA prices could surge dramatically. This might give enough momentum to KAVA to break above both moving averages. 

Kava Price Analysis – Moving Average Convergence and Divergence 

MACD line is a lagging indicator that measures the difference between the short-term and long-term moving averages. In other terms, it adjudicates the divergence and convergence of the 12-day MA and 26-day MA. For this purpose, the 26-day (long-term) MA is subtracted from the 12-day MA (short-term). The equation is as followers: MACD=12-Period EMA − 26-Period EMA. 

Whenever the 12-day EMA is greater than the 26-day EMA, or the 12-day MA is above the 26-day MA on the chart then MACD should be positive. Conversely, when the 12-day EMA is smaller than the 26-day EMA or is below the 26-day MA then the value for MACD should be negative. Moreover, this has been represented on the histogram which shows green bars for positive MACD values and red bars for negative MACD values.

Just like the RSI, MACD too has a signal line for reference. Whenever MACD crosses the signal line from below, a bullish crossover occurs as shown by the highlighted section. Conversely, when the MACD crosses the signal from above, then a bearish crossover happens as shown.

Currently, the MACD line has crossed the signal line from above– bearish crossover. We could expect the prices of KAVA to decrease in the future.  

Moreover, MACD should always be printing higher highs in unison with the cryptocurrency when the trend is bullish. And it should be making lower lows in unison with the cryptocurrency when the trend is bearish. 

However, if MACD makes higher highs when the cryptocurrency is making lower highs, then there could be a trend reversal and the cryptocurrency could surge. This is also true vice versa.

Moreover, MACD is similar to RSI as both indicators measure the market momentum. Although the RSI has set boundaries for signaling overbought and oversold conditions, the MACD line does not have set limits. The MACD signals overbought and oversold conditions on a relative basis. 

The RSI relies on gains and losses to deduce the momentum of the market while the MACD line measures the relationship between two indicators. 

Since these two indicators rely on two different parameters to deduce the same objective, there could be different and contrasting indications. Hence, the use of the proper combination of indicators is of utmost importance. 

Kava Price Prediction 2023-2030 Overview 

Kava Price Prediction 2023

When looking at the chart above we can see that KAVA formed the cup and handle pattern. Currently, as KAVA is forming the handle we could expect the prices to rise at least to the brim of the cup, as shown by the dotted lines. 

Moreover, the Bollinger bands seem to be widening, hence there may be more volatility for KAVA in the future. In the event that there’s more volatility and KAVA is to surge then we may expect it to break Resistance 1 and 2 at $1.144 and 1.585 respectively and reach Resistance 3 at $1.981. 

However, if Resistance 1 at $1.144 is hard to break, then KAVA may ricochet and seek assistance at $0.76. If it fails to find support at $0.76, then KAVA could crash to Support 1 at $0.437. 

Based on its behavior in the past KAVA could fall to Support 1 at $0.437 from where it is as of the time of writing and then test Resistance 1 with a few bars. Moreover, the preceding statement is acknowledged by the RSI which is at 36 and is titling into the oversold territory. 

There is also another possibility that if KAVA manages to break Resistance 1 at $1.144 then it might reach Resistance 2 at $1.585. 

Kava Price Prediction – Resistance and Support Levels

The Chart above shows the Resistance and Support levels for KAVA. When considering the chart we can see that KAVA is taking the near mirror image of its price fluctuation to the left of the mirror. Although the pattern of fluctuation in the red rectangles is similar, the pattern of fluctuation in the yellow rectangles differs. 

The yellow rectangle on the left shows how KAVA tested Resistance 6 but on the right side, we could see that KAVA was only able to reach Resistance 4. Furthermore the same could be observed when the blue rectangles on the left are compared with the rectangle on the right. 

When KAVA inside the blue rectangle on the left was able to reach Resistance 4, KAVA was only able to reach Resistance 2 on the right. 

However, the circle denotes the same pattern of movement on either side of the mirror. If KAVA is reciprocating the pattern in 2020 then we might see a drastic surge as shown by the transparent bar pattern. 

Kava Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect Kava to trade at a price not below $6.61 by the end of 2024.

Kava Price Prediction 2025

Kava may still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Kava will continue to rise in 2025 forming new resistance levels. It is expected that Kava would trade beyond the $10.24 level.

Kava Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Kava could tumble into its support regions. During this period of price correction, Kava could lose momentum and be a little below its 2025 price. As such it could be trading at $3.66 by 2026. 

Kava Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such we could expect Kava to trade at around $7.28 by the end of 2027. 

Kava Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Kava will continue to form new higher highs and is expected to move in an upward trajectory. Hence, Kava would be trading at $9.01 after experiencing a massive surge by the end of 2028. 

Kava Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, Kava could be trading at $11.55 by the end of 2029.

Kava Price Prediction 2030

After witnessing a bullish run in the market, Kava and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Kava could be trading at $8.13.

Kava Price Prediction 2040

The long-term forecast for Kava indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

However, Kava may face a slight fall before starting its upward journey once again. It is expected that the average price of Kava could reach $18.19 by 2040.

Kava Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, DOT could surpass the resistance level of $26.26.

Conclusion

As said above, the price of Kava may even reach above $3.087 if investors have decided that the cryptocurrency is a good investment, along with mainstream cryptocurrencies.   

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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