Kava Self Reported Market Cap Reaches $369.32 Million (KAVA)

Kava (KAVA) traded 1.5% higher against the US dollar during the 24 hour period ending at 22:00 PM E.T. on August 21st. One Kava token can now be bought for approximately $0.34 or 0.00000560 BTC on major cryptocurrency exchanges. Over the last week, Kava has traded up 5.3% against the US dollar. Kava has a market cap of $369.32 million and approximately $9.43 million worth of Kava was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 3% higher against the dollar and now trades at $23.38 or 0.00038412 BTC.
• NEAR Protocol (NEAR) traded 5.5% higher against the dollar and now trades at $4.24 or 0.00006963 BTC.
• Internet Computer (ICP) traded 5.1% higher against the dollar and now trades at $7.67 or 0.00012602 BTC.
• Cronos (CRO) traded up 0% against the dollar and now trades at $0.0869 or 0.00000143 BTC.
• Hedera (HBAR) traded 2.2% higher against the dollar and now trades at $0.0548 or 0.00000090 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $4.73 or 0.00007774 BTC.
• Algorand (ALGO) traded up 6.1% against the dollar and now trades at $0.14 or 0.00000223 BTC.
• Fetch.ai (FET) traded up 10.7% against the dollar and now trades at $0.97 or 0.00001593 BTC.
• Akash Network (AKT) traded 0.7% higher against the dollar and now trades at $2.47 or 0.00004040 BTC.
• Theta Fuel (TFUEL) traded up 4.5% against the dollar and now trades at $0.0582 or 0.00000096 BTC.

Kava Profile

KAVA uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,854,768 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. Kava’s official website is www.kava.io. Kava’s official message board 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 currently 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 Gemini, Coinbase or Changelly. 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