Kava (KAVA) Trading Up 8.8% This Week

Kava (KAVA) traded up 5.1% against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on October 11th. One Kava token can currently be purchased for about $0.35 or 0.00000573 BTC on major cryptocurrency exchanges. Kava has a market capitalization of $378.47 million and approximately $33.36 million worth of Kava was traded on exchanges in the last day. Over the last week, Kava has traded 8.8% higher against the U.S. dollar.

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

• Avalanche (AVAX) traded up 1.5% against the dollar and now trades at $26.46 or 0.00043375 BTC.
• NEAR Protocol (NEAR) traded 2.2% higher against the dollar and now trades at $4.71 or 0.00007724 BTC.
• Internet Computer (ICP) traded up 2% against the dollar and now trades at $8.00 or 0.00013117 BTC.
• Cronos (CRO) traded 2.5% higher against the dollar and now trades at $0.0769 or 0.00000126 BTC.
• Hedera (HBAR) traded up 1.7% against the dollar and now trades at $0.0510 or 0.00000084 BTC.
• Cosmos (ATOM) traded down 0% against the dollar and now trades at $4.22 or 0.00006923 BTC.
• Fetch.ai (FET) traded 1.6% higher against the dollar and now trades at $1.36 or 0.00002226 BTC.
• Algorand (ALGO) traded 1.2% higher against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Akash Network (AKT) traded 1% higher against the dollar and now trades at $2.36 or 0.00003864 BTC.
• Theta Fuel (TFUEL) traded up 0.9% against the dollar and now trades at $0.0590 or 0.00000097 BTC.

About Kava

KAVA uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,854,688 tokens. Kava’s official message board is medium.com/kava-labs. The official website for Kava 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. 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 U.S. dollars. Investors seeking to trade Kava should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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