Kava.io Price Overview
The current Kava.io price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Kava.io is based on a market capitalization of EUR. Kava.io has a circulating supply of . The highest recorded Kava.io price is EUR. And the lowest recorded KAVA price is EUR.
How do Kava.io price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.
Built by its parent company Kava Labs, Kava is a decentralized finance hub that offers a suite of DeFi products and services. These include exchanging, lending, borrowing, earning, and investing digital assets. Kava collateralizes loans of its native USDX stablecoin through a collateralized debt position and Kava users can earn a variable APY on their assets through Hard Protocol – the project’s money market.
KAVA is the protocol’s utility token and is used for governance, staking, and as a reserve currency if the system should be undercollateralized. The price of KAVA has changed significantly since it joined the crypto market and if you want to know why then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of KAVA price – as well as the factors which influence it.
Kava Price History
Following an initial exchange offering through Binance Launchpad, KAVA entered the crypto market towards the end of October 2019 trading at $0.46. It immediately shot up to over $1.60 on its first day but ended the month at $0.80. The rest of the year saw KAVA rebound to about $1.50 and dip to below $0.80, before finishing 2019 with a price of $1.11, providing returns of more than 140% since the IEO.
There was little price change in January 2020, before KAVA rose to $1.40 in the first week of February. The rally was short-lived, however, and prices bottomed out at $0.24 a few weeks later after crashing more than 60% during a single day in March.
This marked the start of a period of growth, which saw KAVA regain $1 in May. A sharper surge in July then brought the cryptocurrency up to a peak of $5.82 in August. Prices had crashed to half that value by early September and continued to decline for the rest of the year. As 2020 came to a close, KAVA was worth $1.29, which was only a slight improvement on the year’s starting price.
Prices immediately began to rally in 2021, as KAVA surged to a peak of $5.78 in February, before a more than 50% pullback. Another spurt of bullish momentum saw prices break $7.50 in March, before retracing again. The surge resumed at the end of the month and brought KAVA up to its all-time high of $8.28 on April 6, at which point the token had provided year-to-date gains of almost 540% and the Kava market cap was over $400 million.
Prices dipped below $4 later that month, before recovering to above $7 in early May. This was followed by further downside and KAVA touched lows of little more than $2 during an almost 60% crash within a single day in May. Prices rebounded to nearly $6 at the start of June but fell to under $3 later in the month. KAVA began to recover at the end of June and reached about $5 in the first week of July.
Analyzing Kava Price History
KAVA price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With KAVA, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges.
Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Kava raised its target of $3 million in its IEO and raised a further $5.5 million through private sales. The platform now has over 250,000 users, more than 30 integrations, and over $1 billion in assets under management. These could be good signs for the fundamental Kava value.
Broader market trends have also played a role in the price history of KAVA. Its surge early in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.
KAVA’s huge single-day drop in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.
The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.
The overall price trend for KAVA tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors influencing the price of Kava (KAVA)
A variety of different things can affect the price of KAVA, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.
At genesis, 100 million KAVA were minted, but the token has no capped max supply as a variable inflation rate is used to pay staking rewards. This varies between 3% APR when a large amount of KAVA is staked and 20% APR when a small amount of KAVA is staked. This increasing supply puts downward pressure on the price of KAVA as demand would have to increase more than supply for the price to rise over time.
However, these staking rewards also drive demand. Validators who help to secure the network and KAVA holders who delegate their stake to validators can earn up to 20% in staking rewards and this passive income could incentivize more people to buy KAVA for staking.
Governance rights provide a further incentive to hold KAVA in order to vote on key parameters such as the collateral ratio, stability fee, and liquidation penalty for collateralized debt positions.
If a CDP becomes undercollateralized and auctions fail to raise the necessary amount of stablecoins, KAVA tokens are auctioned for stablecoins in order to reach the global collateral ratio. This means that in times of significant undercollateralization, such as a major market crash, the fresh KAVA entering the market through auctions could put further downward pressure on the token’s price.
Live Kava Value and Market Cap
The live KAVA value varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
Given KAVA’s volatility, its current price can change by a large amount in a very short space of time. The market cap of Kava is equal to the price of KAVA multiplied by the number of KAVA in the circulating supply.
Kava Price FAQ
What Is the Highest Price of Kava.io in EUR?
Kava.io price history shows that KAVA has recorded a peak value of EUR.
What Is the Lowest Price of Kava.io in EUR?
Kriptomat data confirms that EUR is the lowest recorded Kava.io value.
How Can I Buy Kava.io?
There’s no need to consult an expert to tell you how to buy Kava.io. It’s fast and easy to buy KAVA at Kriptomat. Kava.io is available for immediate purchase at the current KAVA price quote of EUR. Current prices are always displayed in the KAVA chart.
What Is the Current Price of Kava.io in EUR?
Kava.io is available for immediate purchase at Kriptomat. The current price is EUR.
How is the price of KAVA calculated?
KAVA’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying KAVA than selling it, the price goes up, and when more are selling than buying, the price goes down.
Why is the price of KAVA different on each crypto exchange?
KAVA’s price is based purely on trading as there is no standard global KAVA price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
What will KAVA be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of KAVA. However, more integrations and a growth in Kava users could lead to a KAVA price rise in the future.
The price of KAVA has changed significantly since it joined the crypto market, going from lows of under $0.25 to highs of more than $8. Its journey hasn’t been smooth, however, as KAVA’s volatility has led to surges and crashes along the way.
Many different factors have played a role in determining the price of KAVA, including demand for governance rights, the amount of KAVA staked, and trends in the rest of the cryptocurrency market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Kava and cryptocurrencies!