In order to understand the dynamics of the coin’s price, we will first have to take a look at the Kava 10 upgrade. Upgrading is when a coin changes its protocol in order to update and improve itself. This has HUGE ramifications on the coin, and can cause its price to skyrocket or crash depending on what happens during these updates. When Bitcoin was upgraded back in 2016, it received 8x of its original value! So, let’s look at what would happen if Kava 10 is upgraded:
- If there are any new features that make it more convenient for developers, then this would obviously create increased demand and more people would want to use it because they’re not going through all of that hassle with Ripple anymore.
- The developers decide to remove features out of the protocol in order to shorten it, this would also decrease its price because more people would want to use it again since they’d be able to run faster.
- If they avoid making changes that could cause security issues (such as removing XRP from the protocol altogether), then this would increase demand even further, as many people wouldn’t want their money stolen.
What will happen if Kava 10 goes live?
Kava 10 currently has a questionable previous release history, with many people worried about how it may affect Bitcoin Cash’s price in the future. While some speculate that new features being added to it might help stabilize fluctuations in its price and make it more attractive for merchants to use, others are still not convinced. With a few high-profile merchants already starting to adopt Bitcoin Cash as a payment method for their goods and services, this upgrade might help further stabilize fluctuations in the coin’s price and make it more attractive for other merchants to start using it.
What will happen to the price of your cryptocurrency during the upgrade?
Recent announcements should have convinced most users of Kava 10 that they won’t need to worry about a rollback. It is likely that we will see a slight increase in value after this upgrade, however, if it goes live without any problems.
Will you be using it as a payment method?
In the article, there is a brief outline of what is the purpose of Kava 10. It proposes that merchants will use it to accept payments in Bitcoin Cash. This can give them extra bonus points over their competitors, who still have yet to adopt Bitcoin Cash.
Will you be using BCH as your primary cryptocurrency?
The future upgrades may make Kava 10 even more attractive if merchants start accepting it as a payment method for their goods and services. If this upgrade will only affect the coin’s current fees and speed, this question is irrelevant however.
Do you think it will be good for Bitcoin Cash’s price?
Whether Kava 10 is a good upgrade has already been discussed above, and this question doesn’t have an answer available at the moment. However, if the upgrade does prove to be beneficial for users of Kava 10, as mentioned in the article, this question may become irrelevant in a few months’ time.
Do You Believe that Bitcoin Cash will stay dominant?
Whether or not Kava 10 will work as previous upgrades have done is something that remains to be seen. While it’s not out of the question that merchants will start accepting Bitcoin Cash as a payment method for their goods, there are still other factors that could tilt the coin’s value in another direction entirely. If an upgrade of Kava 10 causes Bitcoin Cash to become less appealing to merchants, developers may opt to upate it instead of rolling back.
