Innovative Defi platform from KAVA Labs
KAVA is the first decentralized hub for cross-chain applications and DeFi services.
The KAVA platform works as a decentralized bank of digital assets, connecting users with products such as stablecoins, loans and interest accounts.
In such a way, they can achieve and earn more with their digital assets. Developers, applications, and financial institutions can integrate the open KAVA platform to connect their users to the Kava range of decentralized financial products and services.
The Kava token bottom value was recorded on 13 March. The whole crypto market collapsed, and the Kava token price costed $0.24.
Then the token returned its value for 2 months due to the crypto market growth in general, as well as the announcement of its own stablecoin USDX launch. The value per month is stuck in the range of $0.8-1. It was essentially the main zone of accumulation during the first 4 trading months on the Binance exchange.
Hereafter, there were the launch of its own USDX stablecoin and various integrations and collaborations with other projects.
All of those things triggered the token uncorrected growth. And, in turn this growth increased its value 22 times since March, fixing high $5.53 on 17 August. At this point, the first stage of the Defi boom ended. And in a month the token cost decreased by 68%, it hurts but such are realities.
Productive integrations and Mainnet launch
Now appears light at the end of the tunnel, news which can stimulate the Kava token to grow.
At the end of September, they announced the integration of Akash and Kava. Thanks to Kava’s USDX integration, Akash’s DeCloud becomes the first decentralized cloud platform to have a stablecoin. It will allow cloud service providers to avoid the market volatility inherent in cryptocurrencies.
In addition, it will allow developers to pay for cloud calculations using USDX. This integration increases the liquidity of the AKT token and provides Akash users with a stable means of payment.
At the same time, this step increases the credit limit with collateral in AKT and promotes the market’s acceptance of the Kava stablecoin. This news served as a reversal of the token price fall upwards.
Today, the developers’ twitter Kava Labs reminded about the launch of its own Mainnet at 14:00 UTC. This news can well push the token price up.
If the value of this token rises above $2.65, then the price will be attracted by historical levels, such as $3.15, $3.5, and maybe even $4.15. However, if something goes wrong according to the team’s plan and the token value falls below $2, the bears will take control of the market.