Kava (KAVA) Hits 1-Day Volume of $13.44 Million

Kava (KAVA) traded 3% lower against the dollar during the 24-hour period ending at 7:00 AM ET on November 1st. One Kava token can currently be bought for $0.33 or 0.00000466 BTC on popular cryptocurrency exchanges. Kava has a total market cap of $354.11 million and $13.44 million worth of Kava was traded on exchanges in the last 24 hours. During the last week, Kava has traded 6.2% lower against the dollar.

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

• Avalanche (AVAX) traded down 2.2% against the dollar and now trades at $25.15 or 0.00035858 BTC.
• NEAR Protocol (NEAR) traded down 4.9% against the dollar and now trades at $4.01 or 0.00005723 BTC.
• Internet Computer (ICP) traded 0.4% lower against the dollar and now trades at $7.92 or 0.00011290 BTC.
• Fetch.ai (FET) traded 1.6% lower against the dollar and now trades at $1.28 or 0.00001827 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0735 or 0.00000105 BTC.
• Hedera (HBAR) traded 1.7% lower against the dollar and now trades at $0.0464 or 0.00000066 BTC.
• Cosmos (ATOM) traded down 3% against the dollar and now trades at $4.22 or 0.00006024 BTC.
• Algorand (ALGO) traded 1.8% lower against the dollar and now trades at $0.12 or 0.00000164 BTC.
• Akash Network (AKT) traded 1.9% lower against the dollar and now trades at $2.40 or 0.00003432 BTC.
• Theta Fuel (TFUEL) traded down 3% against the dollar and now trades at $0.0521 or 0.00000074 BTC.

Kava Token Profile

Kava uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,854,297 tokens. 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. The official message board for Kava is medium.com/kava-labs. Kava’s official website is www.kava.io.

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 Gemini, Coinbase or GDAX. 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