Kava (KAVA) Reaches Self Reported Market Capitalization of $708.59 Million

Kava (KAVA) traded 4.9% higher against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on May 2nd. One Kava token can currently be bought for approximately $0.65 or 0.00001107 BTC on popular cryptocurrency exchanges. Kava has a total market capitalization of $708.59 million and $13.02 million worth of Kava was traded on exchanges in the last 24 hours. In the last week, Kava has traded down 9.7% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 4.9% higher against the dollar and now trades at $33.68 or 0.00056976 BTC.
• NEAR Protocol (NEAR) traded 2.5% higher against the dollar and now trades at $6.12 or 0.00010358 BTC.
• Internet Computer (ICP) traded up 5.9% against the dollar and now trades at $13.42 or 0.00022709 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0985 or 0.00000167 BTC.
• Cronos (CRO) traded up 3.7% against the dollar and now trades at $0.13 or 0.00000216 BTC.
• Cosmos (ATOM) traded 5.2% higher against the dollar and now trades at $8.62 or 0.00014586 BTC.
• Fetch.ai (FET) traded 3% higher against the dollar and now trades at $2.00 or 0.00003384 BTC.
• Algorand (ALGO) traded 4% higher against the dollar and now trades at $0.18 or 0.00000308 BTC.
• Akash Network (AKT) traded 7.9% higher against the dollar and now trades at $4.21 or 0.00007113 BTC.
• Theta Fuel (TFUEL) traded 4.5% higher against the dollar and now trades at $0.10 or 0.00000173 BTC.

Kava Profile

Kava uses the hashing algorithm. It was first traded on November 5th, 2019. Kava’s total supply is 1,082,860,352 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. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. 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 possible to purchase alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView