Kava Self Reported Market Cap Tops $552.89 Million (KAVA)

Kava (KAVA) traded 6.6% higher against the dollar during the 1 day period ending at 7:00 AM Eastern on January 9th. One Kava token can currently be bought for approximately $0.51 or 0.00000546 BTC on exchanges. In the last seven days, Kava has traded up 7.1% against the dollar. Kava has a market cap of $552.89 million and $34.10 million worth of Kava was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 3.7% lower against the dollar and now trades at $36.71 or 0.00039268 BTC.
• Hedera (HBAR) traded down 4.2% against the dollar and now trades at $0.27 or 0.00000289 BTC.
• NEAR Protocol (NEAR) traded 3.5% lower against the dollar and now trades at $4.97 or 0.00005323 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $10.45 or 0.00011189 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.14 or 0.00000150 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $1.30 or 0.00001395 BTC.
• Algorand (ALGO) traded down 4.7% against the dollar and now trades at $0.35 or 0.00000373 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $6.50 or 0.00006955 BTC.
• Akash Network (AKT) traded 6.3% lower against the dollar and now trades at $3.08 or 0.00003300 BTC.
• Theta Fuel (TFUEL) traded 6.4% higher against the dollar and now trades at $0.0694 or 0.00000074 BTC.

Kava Token Profile

Kava uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,853,845 tokens. Kava’s official website 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 trade Kava should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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