Kava Reaches Self Reported Market Cap of $729.67 Million (KAVA)

Kava (KAVA) traded 3.5% lower against the dollar during the twenty-four hour period ending at 17:00 PM ET on April 29th. Over the last week, Kava has traded down 9.1% against the dollar. One Kava token can currently be purchased for $0.67 or 0.00001071 BTC on popular cryptocurrency exchanges. Kava has a market capitalization of $729.67 million and $16.02 million worth of Kava was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 2% lower against the dollar and now trades at $34.28 or 0.00054467 BTC.
• NEAR Protocol (NEAR) traded 7% lower against the dollar and now trades at $6.73 or 0.00010694 BTC.
• Internet Computer (ICP) traded down 4.8% against the dollar and now trades at $13.27 or 0.00021081 BTC.
• Hedera (HBAR) traded down 4.7% against the dollar and now trades at $0.10 or 0.00000161 BTC.
• Cronos (CRO) traded 3.5% lower against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $8.07 or 0.00012828 BTC.
• Fetch.ai (FET) traded down 6% against the dollar and now trades at $2.10 or 0.00003337 BTC.
• Algorand (ALGO) traded 6% lower against the dollar and now trades at $0.19 or 0.00000296 BTC.
• Akash Network (AKT) traded 5.2% lower against the dollar and now trades at $4.26 or 0.00006773 BTC.
• Theta Fuel (TFUEL) traded 7.1% lower against the dollar and now trades at $0.10 or 0.00000166 BTC.

About Kava

KAVA uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,860,352 tokens. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. Kava’s official website 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. The official message board for Kava is medium.com/kava-labs.

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 buy alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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