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KAVA price prediction: Will Kava 10 upgrade boost the coin?

Kava Network, a decentralised finance (DeFi) platform for lending and borrowing crypto assets, is set to upgrade its network to Kava 10 in 2022, adding Ethereum Co-Chain to the currently used Cosmos blockchain.

Yet, despite the buzz generated in anticipation of the launch, its native token Kava (KAVA) suffered a volatile ride in 2022 amid a wider dip in cryptocurrency markets.

Can the coin regain momentum and what does the KAVA crypto price prediction for 2022, 2025 and 2030 look like?

What is the KAVA coin?

The Kava Network was founded in 2018 by Kava Labs, a company focused on making financial services easily accessible to all. On 14 November 2019 the Kava mainnet launched.

The Kava blockchain acts like a decentralised bank. It’s the first DeFi platform to offer users the possibility to borrow and lend major crypto assets without the need for a traditional financial intermediary, according to its whitepaper. It supports a number of cryptocurrencies, including Bitcoin (BTC), Ripple (XPR), Binance (BNB) and Cosmos (ATOM).

Many DeFi platforms are powered by the Ethereum network. Kava is the first to be built on Cosmos, which, according to its creators, allows Kava to operate “lightning-fast” – the platform’s major unique selling point.

The network is powered by Co-Chain architecture, which combines the flexibility and speed of the Ethereum blockchain with the interoperability of the Cosmos SDK, merging the two most used permissionless ecosystems into a single, scalable, network.

This allows users to access the most popular blockchains and establishes the free flow of assets and projects within the Kava Ecosystem.

The platform has three functions:

  • Kava Lend: allows users to earn rewards by supplying and borrowing assets from money markets.
  • Kava Swap: allows users purchase and sell assets across the Kava Blockchain and earn rewards by providing liquidity pools.
  • Kava Mint: allows users to take USD-pegged stablecoins called USDX loans by using their crypto assets as collateral.

Kava’s crypto-backed stablecoin can be minted by anyone who owns crypto assets. To mint USDX a user must deposit more crypto assets in USD value than they wish to create USDX of. Different crypto assets have a different collateralisation ration.

Users receive rewards for minting USDX in the form of Kava Network’s native cryptocurrency, the KAVA token, which can be used for governance and staking. The number of rewards an owner receives in KAVA varies Accor to the type of their owned crypto assets.

There were 100m KAVA tokens initially released by the network. According to CoinMarketCap, at of the time of writing (8 February 2022), over 152m KAVA tokens were in circulation, with their total supply exceeding 154m. The token’s market capitalisation amounted to over $562m, giving it a rank of 125.

KAVA crypto price: Latest drivers

The KAVA token was priced at $0.9646 at its launch on 26 October 2019. It surged by 32.44% to $1.2776 on 19 November 2019 following the announcement on 16 November that the KAVA mainnet had officially launched into full gear “making DeFi on Cosmos a reality”.

Through the end of 2019 and the start of 2020, the token’s price started to fluctuate. It dropped to its all-time low of $0.3438 on 16 March 2020, despite the token being listed on three different exchange platforms throughout January and February that year.

Since it’s all-time low in March, the token regained momentum in the summer of 2020. By 8 August, the token’s price reached $4.6653 – a 1256.98% surge since that all time low.

The KAVA token then kept a steady rate of growth, rising 9.12% to $5.091 on 16 August after an announcement that Kava had embarked on a partnership with Injective Protocol.

By 23 August 2021, the KAVA token reached its all time high of $8.7159, a rise of 161.1% since its low of $3.3381 on 20 July, amid anticipation of the launch of Kava Swap on 30 August.

Between 23 and 26 August the coin’s price started to decline. It gained momentum on 26 August when the platform rebranded by introducing the Kava Mint, Kava Lend and Kava Swap Protocols. This led to a 14.19% rise in the token’s price from$7.5813 on 26 August to $8.6573 on 28 August.

The next major catalyst in KAVA crypto news came at the end of October 2021 when the company announced that it was planning to launch its big Kava 9 update. The token, which has been falling since September, failed to gain much momentum rising by 5.18% between 21 and 26 October, from $5.6376 to $5.9299.

The Kava 9 mainnet update successfully launched on 19 January 2022, however, the token’s price stayed in a bearish trend falling by 38.8% from $5.5258 to $3.3785 between 16 and 23 January 2022 amid a general dip in the cryptocurrency markets.

Technical analysis provided by CoinCodex showed that short-term sentiment on the KAVA token was bearish as of the time of writing (8 February), with 21 indicators showing bearish signals and nine showing bullish signals.

What’s to come in 2022?

In recent KAVA crypto news, the company uncovered plans that the blockchain will undergo another major upgrade known as Kava 10 which will introduce the Ethereum Co-Chain along with the currently used Cosmos blockchain. According to the platform, bringing Ethereum and Cosmos together will create a surge of activity on the Kava Network. The launch of Kava 10 is anticipated for 3 May 2022.

Other upcoming projects on Kava’s roadmap that could influence n the token’s price include the GameFi and non-fungible tokens (NFT) incentive program scheduled for May 2022.

BigONE Exchange’s chair Anndy Lian explained that Kava’s function to lend and borrow assets using a number of cryptocurrencies as collateral still serves as a big plus for the platform.

“[Kava’s] debt-to-collateral ratio is reasonable too. For example, based on a 300% ratio, the cryptocurrency locked in the network would be liquidated if it falls below 3 X of the USDX loaned,” he told Capital.com.

“Their codes are sound and their treasury is still holding up well.”

by Anndy Lian, BigONE exchange chair

“The slide in the price recently is due to the overall market conditions. Some investors may see steeper plunges due to the performances of their collateralised assets. In my humble opinion, there is nothing to be worried about at this point, their codes are sound and their treasury is still holding up well.”

KAVA price prediction 2022-2030

Algorithm-based forecasting service Wallet Investor gave a bullish KAVA crypto price prediction, as of the time of writing (8 February), calling it an “awesome long-term investment”.

Based on its analysis of the cryptocurrency’s past performance, the forecasting service predicted that KAVA could trade at $5.917 in 2023 and $14.649 by 2027.

DigitalCoinPrice supported the bullish Kava forecast, seeing the coin reach $5.33 by the end of 2022. The coin’s price is estimated to surpass its all-time high in November 2025 at $8.78, according to the site.

Although a KAVA coin price prediction for 2030 is not currently available, DigitalCoinPrice estimated that the token could reach $8.50 by the end of 2027, rise to $11.73 in December 2028 and jump to $16.28 in the following year.

Note that algorithm-based price predictions can be wrong. Forecasts should not be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/kava-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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UFO coin price prediction: Will Super Galactic boost the coin?

UFO coin price prediction: Will Super Galactic boost the coin?

UFO Gaming is a blockchain-based gaming platform with the goal of enabling players to earn in-game rewards and complete quests within the metaverse. Its play-to-earn game will offer a user-owned internet economy where in-game assets such as non-fungible tokens (NFT) can be easily purchased or sold.

Its upcoming game, Super Galactic, is set to launch at an unspecified date and will include an NFT marketplace where users can trade their characters, weapons, armour and other in-game items.

Each game will have its own governing planet which will host virtual land auctions where people can purchase a piece of a planet. Such pieces of land can then be used to build virtual infrastructure such as NFT stores, collection galleries and weapon stores.

UFO Gaming has stated that it is the first ever GameFi platform to sponsor an esports tournament – an event which was hosted by the Twitch streamers Apryze and Nokokopuffs with a $10,000 (£7,284) cash pool at stake.

What is the UFO coin?

UFO is the ERC-20-compatible token of the UFO Gaming platform that can be used to purchase in-game assets and complete transactions within the metaverse.

UFO token holders also possess voting rights through a decentralised autonomous organisation (DAO) governance model. When the game launches, users will need NFT characters, known as Origin UFOeps, in order to play Super Galactic.

The company said that only 10,000 of the first edition NFT characters, also known as Genesis NFTs, will be minted and available for players. In addition, players will be able to unlock certain features within the game by staking UFO gaming coins in order to earn plasma points.

Origin UFOeps NFTs can only be minted using plasma points that are generated through the Super Galactic decentralised application (dApp) staking feature. Users receive a share depending on their pool weight (the stake vs total amount staked), how long they lock it for and which specific pool they choose.

The UFO single stake pool holds 25% of the liquidity pool. Meanwhile the UFO-ETH pool holds 75% of the total pool. If a user opts for locked staking, they will earn up to two times more plasma points than if they were to choose flexible staking. It’s worth noting that plasma points will not be tradable on Uniswap or any other decentralised exchange (DEX).

UFO price analysis: Technical view

At the end of 2021, UFO Gaming announced that its 10k cup tournament would be streamed live on Twitch on 23 October 2021, leading the coin to jump from $0.00001027 on 24 October 2021 to $0.00003182 on 1 November.

The UFO price then consolidated, trading within the $0.00001 to $0.00002 range until 20 November 2021, when it climbed to $0.00003723.

The bullish momentum continued seeing the price rise further to $0.00004345 on 23 November 2021, leading the coin to achieve an all-time high of $0.00005486 a few days later on 25 November.

After a dip to $0.00003832 on 1 December 2021, UFO fell again to $0.0000206 on 6 December 2021 – wiping out almost half of its value in just five days. This is somewhat of a sharp drop considering that the coin had hit its all-time high just 11 days earlier.

The price action has since moved lower to sideways amid the wider slump in the cryptocurrency markets and the coin is currently (13 January) trading at around $0.000018 and would have to rise 232% from its current price to break its all-time high level again. UFO ranks 237th in the list of cryptocurrencies by market capitalisation at $464m, according to CoinMarketCap.

Technical analysis provided by CoinCodex shows that short-term sentiment on UFO coin is neutral, with 11 indicators displaying bullish signals compared to 11 bearish signals at the time of writing.

The daily simple and exponential moving averages are giving sell signals, according to data from TradingView, while the relative strength index (RSI) is at 36, as of 13 January. An RSI reading of 30 or below indicates an oversold or undervalued condition.

A debut play-to-earn game

When the flagship game of the UFO Gaming ecosystem launches, it could provide a boost to the project by offering users an immersive and unique player experience.

Virtual land, which will act as a critical feature of Super Galactic, has become highly sought-after within the NFT industry. For example, both a rare Axie Genesis Plot sold for $2.5m, or 550 ETH and the artist Krista Kim sold the world’s first digital NFT home, known as Mars House, for 288 ETH or $515,459, on the digital art marketplace SuperRare last year.

Super Galactic will be unique as each plot of land will be customisable and alien quests are set to include UFO rarity scores. What’s more, in September last year, UFO Gaming announced that it will be launching Origin Genesis NFTs on the layer-2 scaling protocol, Polygon. As such, the project benefits from Polygon’s high-speed transactions and minimal gas fees.

UFO Gaming secured multiple partnerships throughout the end of 2021 with Kadena, Merit Circle and CitizenX, as well as sponsoring Chainlink’s Hackathon event last year. In other UFO coin news, the cryptocurrency exchange KuCoin listed UFO in December last year.

A risk for the project lies in the fact that UFO Gaming launched only in 2021 making it a relatively new project operating within a nascent industry.

UFO crypto price prediction: Buy, sell or hold?

In terms of a UFO token price prediction, algorithm-based forecasting service WalletInvestor gives a positive prediction. Based on historical data, Wallet Investor sees the price going up to $0.004088 by February 2022 and hitting $0.00490 by January 2023.

Digital Coin Price supports the bullish UFO forecast, expecting the token to grow to $0.00002307046 in February 2022, $0.00004159700 in January 2025 and $0.00007050493 in January 2028.

While the UFO token price prediction for 2030 is not yet available, Digital Coin Price suggests it could be $0.00007484419 at the end of 2029.

“The current GameFi trend popularised by Axie Infinity has inspired many other gaming platforms to enter into the cryptocurrency realm with hopes to bridge traditional gaming with blockchain,” said Anndy Lian, chairman of BigONE Exchange and chief digital adviser for Mongolia’s national productivity agenda.

“UFO has potential to grow since it’s the first P2E platform to sponsor an esports gaming event. It’s also fully decentralised and will give players the chance to buy and sell NFT collectible soldiers,” Lian told capital.com.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Shiba inu coin price prediction for 2030: How high will it go?

Shiba inu coin price prediction for 2030: How high will it go?

Shiba inu, a dog-themed meme currency created in August 2020 by the anonymous founder Ryoshi has soared recently, hitting an all-time high last month.

Named after the same breed of Japanese dog featured in dogecoin, shiba inu tagged itself as “the dogecoin killer” when it launched in 2020.

As an ERC-20 altcoin created on the Ethereum blockchain, shiba inu is rooted in community involvement and the project may serve to alter rigid traditional financial structures through the power of collective decentralisation.

According to its white paper, shiba inu is a community-run token led by 120,000 members who participate in spontaneous community building within an ecosystem that is run by its own decentralised exchange (DEX).

The SHIB crypto is the first token to be listed on ShibaSwap, a proprietary DEX which aims to provide an ecosystem where cryptocurrencies can be traded safely.

In May 2021, shiba inu famously sent half of its total supply – 50 trillion coins – to Ethereum creator Vitalik Buterin through his publicly available ETH address.

Buterin then burned 90% of the shiba inu tokens in his possession, which amounted to a total sum of $6bn, according to data from Ethereum, and donated the remaining coins to a Covid-19 relief fund in India.

This week crypto exchange Kraken listed shiba inu, which is now tradeable against the US dollar and the euro with a trading minimum of 50,000 shiba inu. The exchange noted a price precision of eight decimal places and a quantity precision of five decimal places.

At the start of this month, Kraken teased that it would list the SHIB coin if one of its posts on Twitter received 2,000 likes but the post ended up garnering over 80,000 likes.

What’s more, shiba inu entered into the top 10 biggest cryptocurrencies on 28 October 2021 as the eighth highest-ranking coin on CoinMarketCap, jumping ahead of dogecoin and polkadot, though it has since fallen back to 12th place.

SHIB price analysis: Technical view

On 9 May this year when Elon Musk criticised dogecoin, labelling it as a “hustle” during an appearance on Saturday Night Live, SHIB rallied to $0.00001842, hitting $0.00003208 on 11 May 2021.

The price then consolidated, trading within the $0.000006 to $0.000008 range until 7 October 2021, when it climbed to $0.00003112.

On 28 October this year, SHIB achieved the all-time high of $0.0000844, a rise of 173% over the preceding seven days. Only a week earlier, on 18 October 2021, SHIB had been trading at $0.00002829.

However, the price retreated to $0.00004459 on 4 November 2021, dropping to as low as $0.00003821 on 24 November – quite a sharp fall considering that the coin had hit its all-time high just 28 days earlier.

The price of SHIB has since climbed to $0.0000538 on 30 November 2021. This latest rebound activated a bull flag pattern when SHIB’s price broke above the flag’s upper trendline. This price rebound on 30 November 2021 could be attributed to SHIB being listed on Kraken that same day.

Based on a year-ago price of $0.000000000173 on 8 November 2020, SHIB is up more than 80,000,000% over the past year. On 30 November 2021, SHIB’s price climbed by more than 30% to $0.0000538, a surge that comes in the wake of broader price rebounds across other well-known crypto assets, though it fell back to $0.00004622 on 1 December.

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Technical analysis provided by CoinCodex shows that short-term sentiment on SHIB is bullish, with 20 indicators displaying bullish signals compared with five bearish.

The daily simple and exponential moving averages are giving strong buy signals, according to data from TradingView, while the relative strength index (RSI) is at 50.59 as of 1 December 2021.

An RSI reading of 70 or above indicates that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price.

Catalysts for SHIB’s price

A number of catalysts have contributed to SHIB’s growth. Although Elon Musk has not publicly acknowledged the token, he sent a cryptic text-based image of a dog holding a rocket on 18 October this year which was interpreted as a reference to the “to the moon” symbol, which led to a 20% rise in shiba inu’s price.

In the same month, on 4 October, SHIB gained further traction after Musk posted a picture of his own shiba inu, Floki, on Twitter.

Earlier this year, Elon Musk criticised SHIB’s main rival dogecoin, labelling it as a “hustle” during an appearance on Saturday Night Live, which provided a boost to the SHIB coin.

Also, a recent petition listed on Change.org which urges the Robinhood trading platform to list SHIB has become one of the highest ranking petitions on the platform, garnering over a million signatures.

Finally, in July this year, ShibaSwap was launched, which has further helped liquidity by allowing hodlers to stake their coins.

Anndy Lian, the chairman of BigONE Exchange, and the chief digital advisor for Mongolia’s national productivity agenda, believes that shiba inu has made its mark on the cryptocurrency space.

“Shiba inu could soon surpass dogecoin. The key selling point is not just the price of the coin. I look at utility and community and shiba inu’s community is very strong,” Lian told capital.com.
“The cryptocurrency market is still growing and its hype is based on themes. In the mid 2021, it was all about utility but we have seen a shift to meme-themed cryptos, GameFi and the metaverse. I believe there will be another exit pump for meme coins in this bull-market run,” Lian added.
“Meme coins should be analysed collectively. If there are more credible meme coins in the space which are performing well in their respective fields, the whole meme market will grow, including SHIB. Good competition and rising stars like FLOKI, KISHU, ELON, AKITA and SAITAMA could further challenge the cryptosystem. Let’s unite to grow the space – not just the coin,” Lian concluded.

What are the risks affecting the Shiba coin outlook for 2030?

As an ERC-20 token created on the Ethereum blockchain, SHIB faces high transaction fees and proceeding delays that are common on the blockchain network. For example, the average fee on Ethereum is currently $46.12, according to data from BitInfoCharts.

Also SHIB lacks real-world utility since only 372 merchants worldwide are accepting it as a payment, according to Cryptwerk – a scarcity which affects the shiba inu forecast. This risk is only intensified by the fact that in the past month alone, more than 1,900 new cryptocurrencies were listed on CoinMarketCap.

According to Whale Stats, a crypto whale under the alias Gimli, recently bought 24.8bn SHIB tokens in a purchase worth around $1m, which prompts concerns about the high concentration of coins in few hands.

Shiba coin price prediction for 2030

In terms of a SHIB coin price prediction (2030), algorithm-based forecasting service Wallet Investor gives a positive SHIB/USD forecast. Based on historical data, Wallet Investor sees the price rising to $0.000089 by November 2022, $0.000189 in November 2024 and hitting $0.000289 by November 2026.

Digital Coin Price supports the bullish SHIB coin price prediction, expecting the token to grow to $0.0000872413 in 2022, $0.0001369933 in 2025 and hit $0.0002061220 in 2028.

For a longer-term shiba inu coin price target, Coin Price Forecast predicts that the SHIB price could reach $0.00085111 by the end of 2030, while Price Prediction sees it reaching a maximum possible level of $0.001 by 2030.

The senior editor at OKEx, Hunain Naseer told Capital.com:

“SHIB is up after about a month-long downward price action post its ATH at the end of October this year. This recent price surge comes at the back of news about a metaverse shiba inu game reportedly set to be developed by a triple-A game studio. While details about the studio haven’t been revealed yet, gaming industry veteran William Volk has also joined the project, giving it more credibility”.
“As plans for this game continue to materialise, we could see SHIB surge in price. However, the speculative nature of the coin and its massive price spike this year remains a risk factor to be considered by potential investors.”

Note that cryptocurrencies are highly volatile and predictions are very often wrong. Forecasts shouldn’t be used as a substitute for your own research. Remember that your decision should be based on your attitude to risk, your expertise in this market, the spread of your portfolio and how comfortable you feel about losing money. Never invest more than you can afford to lose and keep in mind that past performance is no guarantee of future returns.

 

Original Source: https://capital.com/shiba-inu-price-prediction-for-2030

How can I buy Shiba Inu token?

The simplest option is to buy Metamask to buy the token. When you click the buy button, you will be taken to a page with several options where you can purchase ether using your debit or credit card. When this is completed, you can swap ether (ETH) for shiba inu coin (SHIB) on ShibaSwap. Or you can head down to centralised exchanged such as Binance to buy it. Binance supports the deposit of more than 300 cryptocurrencies, several of which you can exchange for Shiba coin at some of the best rates in the market. You can directly purchase Shiba coin with credit card or debit card on Binance.

Who is Shiba Inu token?

Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as Ryoshi. It is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem.

What is Anndy Lian's view on Shiba Inu token now?

Shiba inu could soon surpass dogecoin. The key selling point is not just the price of the coin. I look at utility and community and shiba inu’s community is very strong.

What is Anndy Lian's view on meme coins now?

The cryptocurrency market is still growing and its hype is based on themes. In the mid 2021, it was all about utility but we have seen a shift to meme-themed cryptos, GameFi and the metaverse. I believe there will be another exit pump for meme coins in this bull-market run. Meme coins should be analysed collectively. If there are more credible meme coins in the space which are performing well in their respective fields, the whole meme market will grow, including SHIB. Good competition and rising stars like FLOKI, KISHU, ELON, AKITA and SAITAMA could further challenge the cryptosystem. Let's unite to grow the space – not just the coin.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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