Another red crypto Friday. TRX (+25.28%), ANC (+17.27%) and XDC (+6.92%) showed the most active growth this week, and APE (-40.55%), GMT (-37.81%) and KAVA (-28.47%) dropped down more than others. Bitcoin’s price is $35.9k and Ethereum’s one is $2.7k.
Coins like KAVA have high APY and high inflation. But the coin value is seeing similar gains and losses as others that are not receiving an APY. So right now so early into the adoption of crypto, I feel like people aren’t paying attention to inflation. Maybe their thought process is, if US can just print money why can’t blockchains do the same?
Honestly I got into ATOM b/c someone here in Jan of 2021 told me about upcoming airdrops. While I looked into it I decided I should also buy some other ATOM IBC projects. I picked SCRT, KAVA and CRO In May the big dip of 2021 happened and the only project to consistently build nonstop through it, and it was SCRT. Not to mention before they moved off of ETH due to the ongoing congestion, they were formerly known as ENIGMA. Their core devs have been in the game for a while, and have shown they can build through bears and even crypto winter. I also wish I knew who that person was, b/c they earned me like 5 figures in airdrops last year off like $150 in ATOM and SCRT.
Another key point to note is that altcoins have been through fewer corrections/crashes compared to Bitcoin simply because it has been around far, far longer and altcoins weren’t developed in the first 3-5 years after Bitcoin, it took time for BTC to really pick up traction before altcoins were created. A lot of people look at fundamentals and say Crypto have none, when really that’s true for BTC, it has no service, programs or other benefit compared to some altcoins. Yes, most are trash and will vanish after a rug pull, but some offer actual benefits and services you can take advantage of. The comparison between longevity with BTC and altcoins just isn’t fair due to length of time. I think if we keep crashing many will die off, but the top 20-50 altcoins will remain. Altcoins like LTC, KAVA, XMR, ADA, ALGO, ATOM, etc. will likely survive (ETH as well obviously.)
I’m selling everything on the next upswing and buying all I can around August, when I expect things will bottom out. It will depend on how things go, but that’s the plan for now. I might leave KAVA alone since I’m staking it… but that could be dangerous in this market. You just reminded me that I need to look into that.
BTC and ETH to get my cost basis down. ADA and ATOM because I'm a fan. DOT, MANA, and MATIC because I'm a fan. KAVA because it's 10% staking on Uphold. I just dropped $100 on BTC, ETH, ADA, ATOM, and DOT.
Since the dip began, I've consolidated a lot of my alts (those that haven't moved or I was making negatives on way before the dip). I'm HODLing the alts that remain (ADA, DOT, MANA, MATIC, LTC, ATOM, and a little bit of KAVA)
Sorry I’m not clear on what you mean - I did a quick search and confirms what I stated - kava ‘s token inflation covers the staking rewards - so the staking rewards are not taken from new investors - this is very different to what USD was doing - not saying KAVA is good or bad, just saying that KAVA doesn’t fit the decrepitino of what OP was discussing (at least I believe so)
I threw all of my remaining Tether into more KAVA and staked it, *just* before the market took a real dive. I guess I was lucky, just have to ride it out and keep my fingers crossed for DOT, ALGO & KAVA to rocket.
Alright so after losing some trades I've come to the conclusion in a downtrend When a coin is pumping and strong it pulls back and you buy it to continue higher for example KAVA MANA It's better to wait until the pumps start to weaken and dump to short them 👍🏼 Join my masterclass in trading today for only $5 a month so I can make up my losses trading the wrong way 😂😂😂
Haha I was in on KAVA as well. I actually sold 25% at $9 but I held the rest back to break even. KAVA WAVES LUNA all those with algo stables pumped and it def gave me some fomo but I think they were pumped to create fomo before dumping them so vilently.
I did that with KAVA last year after realizing compared to other COSMOS projects they just seems slow and uneventful. Then I started to regret it once they joined the IBC a few weeks ago, and bought back in. THEEEEEEEEEEEEN I read today that those motherfuckers HARDCODED the value of UST to $1 on their site...and for that I am not unbonding that shit....b/c what kind of silly motherfuckers would EVER do that??!?!??!?!?!
Yes they’re mostly better than other places. KAVA is 23%, DOT is 12% plus [several others](https://i.imgur.com/j0ALawG.jpg) (I could fit FLOW in the screenshot but it’s 6-9%). It’s not much for the amount I have invested but it’s worlds apart from what I was getting in any savings accounts. I use KAVA to make as much passive gains as possible but I’m bullish on Polkadot, Kusama and Algorand. Secret Network is new to me but I’ll be looking into it.
Care to share what you're staking/doing currently to get that? I got into staking a little OSMO when rewards were very high, but prices have dropped so much that even with the rewards I'm down about 25%, and then KAVA had high staking rewards but they dropped too, so not sure what my best bet is to make some passive income.
Depends what you're staking and who has the better rates for most people. I've got everything staked with kraken for convenience so everything is in one place. Also no fixed terms, you can unstake whenever you want, so I can still buy and sell easily when there is pumps and dips. I also trust kraken more than some others. Currently staking DOT, ATOM, KSM & KAVA with kraken.
The APY is high because the issuance means there’s hella inflation. Don’t get me wrong, I’m regularly buying KAVA but last I checked the real apy when you consider token inflation was something like -3%. That being said it’s essentially doubled in value in the past month so that -3% doesn’t stress me.
Lolol chase them!! 😂😂 Yeah I know what u mean and I like taking profits and investment reasons can change depending on how much a crypto goes up With KAVA I wanted to stake for longer but it definitely feels nicer having stablecoins during this market. If it goes down I'm ready😎
Good Sunday morning my friends. Hope all is well with you. It's nice to see KAVA swimming against the current in my otherwise sea of red. What crypto are you holding that is currently bucking the overall downward trend?
Niiice I've seen KNC and it doesn't stop. I'm just worried about buying at new highs personally but I love KAVA that's one I've been buying on the dip and not many people know about it yet imo I've seen some people post about it and they have some which is nice and AVAX has been stalling, AXS, and ANC lol. 3 I have most money in so I guess that's why I feel it's more boring 😂 I don't know much about MTL or GMT gonna have to look those up
Thanks! I appreciate the insight. Takes some of the mystery out of crypto. I've got some KAVA in my portfolio and I've been very happy with it. I hear you about BTC - looks like it has moved up a bit today, so there's that.
KAVA is launching a co chain between cosmos and Ethereum so there's a bunch of hype behind that and it's about time Kava pumped. I see resistance at 5.00 but It'll be nice to see it go higher. If Kava keeps regular updates coming I don't see why it can't claim ATHs again (of course BTC needs be happy around then as well)
You can have a high apy but also need to look at issuance and network inflation. The highest apy I currently get is on KAVA (20%) but it’s issuance means your apy in real terms is actually a negative. I jump in and out of it but CTSI has some crazy rates from memory of around 45% without the same network inflation issues of something like KAVA. But I’ve not looked into that one for a while. My biggest staking bag is in DOT and I get 14%. It’s around 5% when adjusted for network inflation I believe.
ADA, ATOM, OSMO, KAVA. As my dad would say "it beats getting a poke in the butt." Greater ROI with potential upside that the bank can offer. I also have BTC and XLM on Nexo, which isn't technically staking, but the end result is similar.
A reset would be nice! I do not care if KAVA goes to zero or $10k. I was simply stating a fact that others need to be aware of before they blindly throw their money around. Why would I short it and move on? I will never add this or any other project the devs are involved with to any of my trades ever again regardless of whether I see a potential in making money in either direction. Regardless of what Binance or anyone else does, the KAVA devs have proven themselves to not be legit enough for me to partake in their projects.
A corporate April fool's joke that causes investor misinformation is potentially [problematic](https://www.thefashionlaw.com/volkswagen-is-being-sued-reportedly-probed-by-the-sec-over-voltswagen-april-fools-joke/). In this case though it's clearly a joke, yield farming is just parking tokens in a contract, the Tesla has no logical role. Also, it would only be potentially illegal if KAVA is a security, and if KAVA was a security it would already be illegal for being unregistered.
"I highly doubt it" isn't a remotely confident exclamation. I explicitly did not claim to know. Exchanges struggle to offer leverage for coins with low lending liquidity, so even 5x is surprising for KAVA. Maybe kucoin has 10x, but I also will not bother to check.