Kava Hits Self Reported Market Cap of $397.73 Million (KAVA)

Kava (KAVA) traded 4.1% lower against the dollar during the one day period ending at 22:00 PM ET on October 21st. During the last week, Kava has traded up 2.6% against the dollar. Kava has a total market capitalization of $397.73 million and approximately $20.25 million worth of Kava was traded on exchanges in the last day. One Kava token can currently be bought for approximately $0.37 or 0.00000543 BTC on major exchanges.

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

• Avalanche (AVAX) traded down 3.3% against the dollar and now trades at $28.10 or 0.00041553 BTC.
• NEAR Protocol (NEAR) traded 3.7% lower against the dollar and now trades at $4.84 or 0.00007152 BTC.
• Internet Computer (ICP) traded 3.8% lower against the dollar and now trades at $8.05 or 0.00011904 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.0779 or 0.00000115 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0534 or 0.00000079 BTC.
• Cosmos (ATOM) traded up 4.3% against the dollar and now trades at $4.92 or 0.00007277 BTC.
• Fetch.ai (FET) traded down 3.8% against the dollar and now trades at $1.41 or 0.00002083 BTC.
• Algorand (ALGO) traded down 2.8% against the dollar and now trades at $0.13 or 0.00000187 BTC.
• Akash Network (AKT) traded 4.6% lower against the dollar and now trades at $2.49 or 0.00003679 BTC.
• Theta Fuel (TFUEL) traded 3.8% lower against the dollar and now trades at $0.0612 or 0.00000090 BTC.

Kava Token Profile

Kava uses the hashing algorithm. It was first traded on November 5th, 2019. Kava’s total supply is 1,082,854,678 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 Twitter account is @kava_chain and its Facebook page is accessible here. The official website for Kava is www.kava.io. 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.”

Kava Token Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView