Kava (KAVA) Reaches 24-Hour Trading Volume of $24.07 Million

Kava (KAVA) traded 3.4% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on January 25th. Kava has a total market capitalization of $489.02 million and approximately $24.07 million worth of Kava was traded on exchanges in the last day. One Kava token can currently be bought for approximately $0.45 or 0.00000432 BTC on popular exchanges. In the last seven days, Kava has traded down 7.6% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 2% against the dollar and now trades at $35.49 or 0.00033913 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.33 or 0.00000317 BTC.
• NEAR Protocol (NEAR) traded down 3.1% against the dollar and now trades at $4.93 or 0.00004715 BTC.
• Internet Computer (ICP) traded 2.9% lower against the dollar and now trades at $9.06 or 0.00008662 BTC.
• Cronos (CRO) traded down 3.6% against the dollar and now trades at $0.14 or 0.00000132 BTC.
• Algorand (ALGO) traded 3.8% lower against the dollar and now trades at $0.40 or 0.00000383 BTC.
• Fetch.ai (FET) traded 3.9% lower against the dollar and now trades at $1.20 or 0.00001149 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $6.21 or 0.00005931 BTC.
• Akash Network (AKT) traded down 4.2% against the dollar and now trades at $2.74 or 0.00002623 BTC.
• Theta Fuel (TFUEL) traded up 0.8% against the dollar and now trades at $0.0625 or 0.00000060 BTC.

Kava Profile

Kava (CRYPTO:KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,853,819 tokens. 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 message board is medium.com/kava-labs. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. The official website for Kava is www.kava.io.

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 US dollars. Investors seeking to acquire Kava should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView