Home Price Predictions Kava Price Prediction 2023: What is KAVA?

Kava Price Prediction 2023: What is KAVA?

Peter Henn
Last Updated September 11, 2023 11:14 AM

Key Takeaways

  • The Kava blockchain recently announced an upgrade that would help it link with the Cosmos protocol.
  • This followed the news that Kava would be the gateway for the Tether stablecoin onto Cosmos.
  • KAVA has dropped over the last few months, but can it recover?
  • Two KAVA price predictions say the coin can reach $2.24 in two years time.

The Kava blockchain’s most recent upgrade , Kava 14, saw it improve its link with the Cosmos (ATOM) protocol. This, in turn, followed the announcement  that stablecoin giant Tether (USDT) would use Kava to link with Cosmos. 

Since Tether is the largest stablecoin on the market, with a market cap of around $80 billion, the announcement means Kava could end up being the thing that links USDT to the world of decentralized finance (DeFi).

The news had potential implications for the KAVA coin, too, with it now coming onto the radar of crypto investors, even if its price has slumped in the months since the Tether news. 

Kava did not immediately respond to a request for comment.

But what is KAVA? How does Kava work? Let’s take a look and see what we can find out.

Kava Coin Price Prediction 

First, let’s take a look at some of the KAVA price predictions that were being made on September 11 2023. Keep in mind that price forecasts, especially when they are for a commodity as potentially volatile as cryptocurrency, are very often wrong.

Also, you will have to remember that many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice. 

2023 2025 2030
Prediction #1 $1.33 $2.24 $6.53
Prediction #2 $0.96 $1.97 $12.65
Prediction #3 $0.96 $2.24 $5.44

First, CoinCodex  made a short-term KAVA price prediction that said things would get worse before they got better. It saw the coin dropping to $0.5954 by September 16 and recovering to $0.7069 by October 11. The site’s technical analysis was highly bearish, with 25 indicators sending discouraging signals and just three making bearish ones. 

Kava Price Prediction for 2023

DigitalCoinPrice  was very upbeat in its KAVA price forecast, saying it could get to $1.33 this year. PricePrediction.net  and Bitnation  were more cautious, both saying it would trade at $0.96 in 2025. 

Kava Price Prediction for 2025

PricePrediction.net said KAVA would reach $1.97 in two years time.  Both Bitnation and DigitalCoinPrice thought it would get to $2.24 in 2025.

Kava Forecast for 2030

Moving on to a more long-term KAVA price prediction, PricePrediction became very bullish. The site said it could reach $12.65 in 2030. DigitalCoinPrice had it at $6.53 and Bitnation at $5.44 at the start of the next decade. 

Recent Updates from Kava

Kava has recently announced  that it was sponsoring the Cosmoverse convention. This event sees investors in the Cosmos blockchain get together in Istanbul, Turkey. 

This is not the first time that Kava has linked with Cosmos.

On 12 July, Kava announced that it had launched Kava 14. This upgrade helps convert Cosmos tokens into Ethereum (ETH) tokens.

In a statement, Kava cofounder Scott Stuart said: “Within the first few days of Kava launching the official Tether integration, more USDt has been issued on Cosmos than on Polkadot and Near combined.

“It’s clear that people want USDt on the interchain. I’m optimistic that having a native stablecoin and a safe, reliable way to convert it across chains via the Kava 14 upgrade will finally unlock the incredible tech the Cosmos ecosystem has built.”

KAVA Price History

Let’s now cast our eyes over the Kava price history . While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can give us some very useful context if we want to either make or interpret a KAVA price prediction. 

When KAVA first came onto the open market in 2019, it was worth about $0.80. In 2020, it spiked briefly, rising above $4 in August before settling down.  

In early 2021, the market exploded, and KAVA flourished, peaking at over $7 in April. There was a slump over the summer but a return to form in September, when it reached an all-time high of $9.19 on September 9. After that, though, there was a fall off, closing the year at $3.94.

While the coin had performed well in 2021, things went badly in 2022. The coin initially looked like it was doing relatively well, breaking past $5 in the middle of January and at the end of April. A series of market crashes, triggered by such events as the collapses of the Terra (LUNA) blockchain and the FTX (FTT) crypto exchange damaged people’s faith in crypto. By the end of the year, KAVA was worth $0.5732, having lost about 85% of its value over the course of the year. 

Kava in 2023

KAVA price history
Kava is pretty much back where it started in 2023 | Credit: CoinMarketCap

So far, 2023 started well, but has got worse. KAVA broke past the dollar in the middle of January, but things went downhill in June. The news that the United States Securities and Exchange Commission (SEC) was to sue the Binance and Coinbase exchanges shook the market and KAVA fell to a low of $0.7644 on June 15. The price picked back up following the Tether news and it reached $1.26 on June 25.

After this, though, the price fell down. While the Kava 14 news saw it reach $1.07 on 12 July, it resumed its downturn not long afterwards. It fell below the dollar, with the decline accelerated by August 17’s news that Elon Musk’s SpaceX had sold millions of dollars worth of Bitcoin (BTC). By September 11 2023, KAVA was worth about $0.627. 

At that time, there were about 757.7 million KAVA in circulation, representing the total supply. This gave the coin a market cap of $475 million, making it the 66th-largest crypto by that metric. 

Is Kava a Good Investment?

It is hard to say. The announcement of the system’s link with Tether gave it a short price boost, which has since fallen away. KAVA suffered worse than average losses in 2022, so it will be interesting to note whether the market has a space for another crypto lending platform. As always, though, you will have to do your own research before deciding whether or not to invest in KAVA.

Will Kava go up or down?

No one really knows right now. While the price forecasts are, broadly speaking, upbeat in the long-run, price predictions are renowned for being wrong. Remember, too, that prices can, and do, go down as well as up. 

Should I invest in Kava?

Before you decide whether or not to invest in KAVA, you will have to do your own research, not only on the coin, but on other, related, cryptos, such as Celsius (CEL). When it comes to it, though, you will have to make this decision for yourself. Just remember to never invest more money than you can afford to lose.

Kava (KAVA) Explained

Brian Kerr, Ruaridh O’Donnell, and Scott Stuart set up the Kava  blockchain in 2018. The plan was to create a system that allowed people to borrow and lend money on the blockchain.

If someone wants to either help fund a loan on Kava, or take one out, then they convert their crypto into Kava’s own USDX stablecoin, which is used to make the loan. 

There are a range of different cryptos based on the Kava network, but the main one is KAVA. This coin is a governance token, with holders able to vote on decisions affecting the future of the network as a whole.

Other cryptos on the system include USDX, SWP, which is used to govern the platform’s liquidity protocols, and HARD, which helps manage the lending platform itself.

How Kava Works

The Kava platform is a Proof-of-Stake blockchain, which means that people are chosen to verify transactions and add blocks to the blockchain-based on how much KAVA they hold. 

The system is, ultimately, based on the same sort of engine as Cosmos, the Tendermint protocol. 

KAVA holders can vote on changes to the platform. It also rewards people who run nodes, or computers, that help transfer data on the network.

People can buy, sell, and trade KAVA on exchanges.


How many KAVA are there?

On September 11 2023, there were about 757.7 million KAVA in circulation, representing the total supply.

Will KAVA reach $10?

It could do but, if it does, it won’t happen for some time. PricePrediction.net said it would happen by 2030, while DigitalCoinPrice said it would get there in 2032. 

Keep in mind that KAVA has never quite reached $10, with its all-time high of $9.19 taking place in September 2021.

What is KAVA used for?

KAVA is the native coin of the Kava crypto lending platform. Holders can vote on decisions regarding the future of the network. KAVA also rewards people who operate the computers, or nodes, that help power the platform. People can buy, sell, and trade it on exchanges. 

Further reading

Ben Price Prediction 2023: What is BEN?

ANKR Price Prediction 2023: What is ANKR?

CyberConnect Price Prediction 2023: What is CyberConnect (CYBER)?


Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.