Kava Self Reported Market Capitalization Achieves $404.79 Million (KAVA)

Kava (KAVA) traded up 2.8% against the U.S. dollar during the twenty-four hour period ending at 22:00 PM E.T. on July 8th. Kava has a market capitalization of $404.79 million and approximately $10.39 million worth of Kava was traded on exchanges in the last day. One Kava token can currently be bought for $0.37 or 0.00000662 BTC on popular exchanges. In the last week, Kava has traded 13% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 1.6% against the dollar and now trades at $24.78 or 0.00043853 BTC.
• NEAR Protocol (NEAR) traded up 4.2% against the dollar and now trades at $4.44 or 0.00007865 BTC.
• Internet Computer (ICP) traded down 0.1% against the dollar and now trades at $6.79 or 0.00012010 BTC.
• Hedera (HBAR) traded 3.9% higher against the dollar and now trades at $0.0663 or 0.00000117 BTC.
• Cosmos (ATOM) traded up 1.7% against the dollar and now trades at $5.79 or 0.00010252 BTC.
• Cronos (CRO) traded up 3.5% against the dollar and now trades at $0.0842 or 0.00000149 BTC.
• Fetch.ai (FET) traded up 4.7% against the dollar and now trades at $1.14 or 0.00002019 BTC.
• Algorand (ALGO) traded 6% higher against the dollar and now trades at $0.13 or 0.00000236 BTC.
• Akash Network (AKT) traded up 6.1% against the dollar and now trades at $3.47 or 0.00006120 BTC.
• Theta Fuel (TFUEL) traded 5.7% higher against the dollar and now trades at $0.0638 or 0.00000113 BTC.

Kava Token Profile

Kava (KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,856,129 tokens. The Reddit community for Kava is https://reddit.com/r/kava_platform/ and the currency’s Github account can be viewed here. The official website for Kava is www.kava.io. The official message board for Kava is medium.com/kava-labs. 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 possible to purchase alternative cryptocurrencies such as Kava directly using U.S. dollars. Investors seeking to acquire Kava should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini 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