Kava Reaches 24 Hour Trading Volume of $34.59 Million (KAVA)

Kava (KAVA) traded 20.1% lower against the US dollar during the 24-hour period ending at 7:00 AM ET on December 20th. One Kava token can now be purchased for about $0.38 or 0.00000405 BTC on major cryptocurrency exchanges. Kava has a total market capitalization of $408.02 million and approximately $34.59 million worth of Kava was traded on exchanges in the last 24 hours. During the last seven days, Kava has traded down 35.2% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 21.3% lower against the dollar and now trades at $34.01 or 0.00036576 BTC.
• Hedera (HBAR) traded down 19.3% against the dollar and now trades at $0.24 or 0.00000256 BTC.
• NEAR Protocol (NEAR) traded down 20.8% against the dollar and now trades at $4.59 or 0.00004940 BTC.
• Internet Computer (ICP) traded 19.4% lower against the dollar and now trades at $9.06 or 0.00009750 BTC.
• Cronos (CRO) traded 21% lower against the dollar and now trades at $0.14 or 0.00000155 BTC.
• Fetch.ai (FET) traded down 20.8% against the dollar and now trades at $1.14 or 0.00001224 BTC.
• Algorand (ALGO) traded 24.7% lower against the dollar and now trades at $0.29 or 0.00000308 BTC.
• Cosmos (ATOM) traded 21.6% lower against the dollar and now trades at $5.92 or 0.00006368 BTC.
• Akash Network (AKT) traded 14.9% lower against the dollar and now trades at $2.81 or 0.00003004 BTC.
• Theta Fuel (TFUEL) traded down 15.5% against the dollar and now trades at $0.0581 or 0.00000062 BTC.

Kava Token Profile

Kava (KAVA) uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,853,869 tokens. The official website for Kava is www.kava.io. Kava’s official message board is medium.com/kava-labs. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. The Reddit community for Kava is https://reddit.com/r/kava_platform/ and the currency’s Github account can be viewed 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.”

Kava Token Trading

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