Kava Self Reported Market Cap Reaches $326.70 Million (KAVA)

Kava (KAVA) traded up 1.7% against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on August 6th. Kava has a market capitalization of $326.70 million and $10.27 million worth of Kava was traded on exchanges in the last day. During the last week, Kava has traded 25.1% lower against the U.S. dollar. One Kava token can now be bought for approximately $0.30 or 0.00000535 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 2.1% higher against the dollar and now trades at $20.89 or 0.00037037 BTC.
• NEAR Protocol (NEAR) traded 0.1% lower against the dollar and now trades at $3.70 or 0.00006558 BTC.
• Internet Computer (ICP) traded 2.1% higher against the dollar and now trades at $7.55 or 0.00013395 BTC.
• Cronos (CRO) traded 3.6% higher against the dollar and now trades at $0.0801 or 0.00000142 BTC.
• Hedera (HBAR) traded 0.5% higher against the dollar and now trades at $0.0552 or 0.00000098 BTC.
• Cosmos (ATOM) traded 1.2% higher against the dollar and now trades at $4.91 or 0.00008700 BTC.
• Algorand (ALGO) traded down 1.3% against the dollar and now trades at $0.11 or 0.00000201 BTC.
• Fetch.ai (FET) traded up 1.9% against the dollar and now trades at $0.86 or 0.00001519 BTC.
• Akash Network (AKT) traded up 18% against the dollar and now trades at $2.48 or 0.00004405 BTC.
• Theta Fuel (TFUEL) traded up 3.9% against the dollar and now trades at $0.0548 or 0.00000097 BTC.

Kava Profile

Kava uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,854,949 tokens. The official message board for Kava is medium.com/kava-labs. Kava’s official website is www.kava.io. The Reddit community for Kava is https://reddit.com/r/kava_platform/ and the currency’s Github account can be viewed here. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here.

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.”

Kava Token Trading

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

KAVA/USD price chart by TradingView