Kava (KAVA) Reaches One Day Trading Volume of $5.59 Million

Kava (KAVA) traded up 0.4% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM E.T. on August 31st. Kava has a market capitalization of $331.72 million and approximately $5.59 million worth of Kava was traded on exchanges in the last day. One Kava token can currently be bought for $0.31 or 0.00000520 BTC on popular exchanges. In the last week, Kava has traded 19.4% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded up 0.2% against the dollar and now trades at $22.63 or 0.00038419 BTC.
• NEAR Protocol (NEAR) traded down 0.3% against the dollar and now trades at $4.00 or 0.00006785 BTC.
• Internet Computer (ICP) traded up 0.7% against the dollar and now trades at $7.48 or 0.00012697 BTC.
• Cronos (CRO) traded 0.5% higher against the dollar and now trades at $0.0803 or 0.00000136 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.0497 or 0.00000084 BTC.
• Cosmos (ATOM) traded down 0.1% against the dollar and now trades at $4.52 or 0.00007678 BTC.
• Fetch.ai (FET) traded up 4.9% against the dollar and now trades at $1.16 or 0.00001976 BTC.
• Algorand (ALGO) traded 0.2% lower against the dollar and now trades at $0.12 or 0.00000210 BTC.
• Akash Network (AKT) traded up 0.6% against the dollar and now trades at $2.54 or 0.00004307 BTC.
• Theta Fuel (TFUEL) traded 1.6% higher against the dollar and now trades at $0.0570 or 0.00000097 BTC.

Kava Token Profile

Kava (KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,854,759 tokens. The official website for Kava is www.kava.io. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. The Reddit community for Kava is https://reddit.com/r/kava_platform/ and the currency’s Github account can be viewed here. The official message board for Kava is medium.com/kava-labs.

According to CryptoCompare, “Kava is a decentralized finance (DeFi) platform built on the Cosmos blockchain. Its aim is to provide a range of DeFi services to users, including yield farming, borrowing and lending, and governance, all while ensuring security, transparency, and decentralization. Kava uses the Tendermint consensus algorithm and has a feature called “Hard Protocol” that enables users to borrow and lend cryptocurrencies.”

Buying and Selling Kava

It is usually not possible to purchase alternative cryptocurrencies such as Kava directly using U.S. dollars. Investors seeking to acquire Kava should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView