Kava Reaches Self Reported Market Capitalization of $447.79 Million (KAVA)

Kava (KAVA) traded down 1.6% against the US dollar during the 1 day period ending at 16:00 PM ET on July 28th. One Kava token can now be purchased for about $0.41 or 0.00000608 BTC on major exchanges. Kava has a total market capitalization of $447.79 million and approximately $7.77 million worth of Kava was traded on exchanges in the last day. Over the last seven days, Kava has traded down 3.1% against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 1% against the dollar and now trades at $27.46 or 0.00040348 BTC.
• NEAR Protocol (NEAR) traded 1.8% lower against the dollar and now trades at $5.46 or 0.00008014 BTC.
• Internet Computer (ICP) traded down 0% against the dollar and now trades at $9.44 or 0.00013864 BTC.
• Cosmos (ATOM) traded up 0.6% against the dollar and now trades at $6.28 or 0.00009229 BTC.
• Hedera (HBAR) traded 0.1% lower against the dollar and now trades at $0.0676 or 0.00000099 BTC.
• Cronos (CRO) traded up 0.4% against the dollar and now trades at $0.0905 or 0.00000133 BTC.
• Fetch.ai (FET) traded 0.3% lower against the dollar and now trades at $1.25 or 0.00001832 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Akash Network (AKT) traded up 2.7% against the dollar and now trades at $3.31 or 0.00004855 BTC.
• Theta Fuel (TFUEL) traded 0.4% higher against the dollar and now trades at $0.0688 or 0.00000101 BTC.

Kava Token Profile

Kava (KAVA) uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,855,128 tokens. The official website for Kava is www.kava.io. Kava’s official message board is medium.com/kava-labs. 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.”

Buying and Selling Kava

It is usually not currently possible to purchase alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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