Kava (KAVA) Self Reported Market Capitalization Achieves $304.40 Million

Kava (KAVA) traded down 9.2% against the dollar during the 24-hour period ending at 14:00 PM Eastern on August 5th. One Kava token can currently be purchased for approximately $0.28 or 0.00000524 BTC on popular cryptocurrency exchanges. In the last week, Kava has traded 32.5% lower against the dollar. Kava has a total market capitalization of $304.40 million and approximately $23.23 million worth of Kava was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 6.8% lower against the dollar and now trades at $19.67 or 0.00036640 BTC.
• NEAR Protocol (NEAR) traded down 14% against the dollar and now trades at $3.51 or 0.00006539 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $7.11 or 0.00013246 BTC.
• Cronos (CRO) traded 5.9% lower against the dollar and now trades at $0.0742 or 0.00000138 BTC.
• Hedera (HBAR) traded down 4.6% against the dollar and now trades at $0.0522 or 0.00000097 BTC.
• Cosmos (ATOM) traded 5.2% lower against the dollar and now trades at $4.68 or 0.00008709 BTC.
• Algorand (ALGO) traded 2.1% lower against the dollar and now trades at $0.11 or 0.00000206 BTC.
• Fetch.ai (FET) traded 13.4% lower against the dollar and now trades at $0.79 or 0.00001469 BTC.
• Akash Network (AKT) traded down 5.5% against the dollar and now trades at $2.06 or 0.00003784 BTC.
• Theta Fuel (TFUEL) traded down 4.4% against the dollar and now trades at $0.0493 or 0.00000092 BTC.

Kava Token Profile

Kava uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,854,973 tokens. The official message board for Kava 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 presently 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView