Kava Achieves Self Reported Market Cap of $326.32 Million (KAVA)

Kava (KAVA) traded up 2.4% against the dollar during the 1-day period ending at 14:00 PM ET on September 17th. During the last week, Kava has traded 2.5% lower against the dollar. One Kava token can now be purchased for about $0.30 or 0.00000494 BTC on exchanges. Kava has a market cap of $326.32 million and $6.04 million worth of Kava was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 2.7% against the dollar and now trades at $24.08 or 0.00039496 BTC.
• NEAR Protocol (NEAR) traded 7.7% higher against the dollar and now trades at $4.18 or 0.00006857 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $8.03 or 0.00013176 BTC.
• Cronos (CRO) traded 1.9% higher against the dollar and now trades at $0.0809 or 0.00000133 BTC.
• Hedera (HBAR) traded 1.2% higher against the dollar and now trades at $0.0502 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.4% higher against the dollar and now trades at $4.18 or 0.00006857 BTC.
• Fetch.ai (FET) traded 6.8% higher against the dollar and now trades at $1.36 or 0.00002232 BTC.
• Algorand (ALGO) traded 1.8% higher against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Akash Network (AKT) traded up 3.7% against the dollar and now trades at $2.45 or 0.00004015 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0611 or 0.00000100 BTC.

Kava Token Profile

Kava uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,854,736 tokens. 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. The official message board for Kava is medium.com/kava-labs. 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.”

Buying and Selling Kava

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

KAVA/USD price chart by TradingView