Kava (KAVA) Tops One Day Volume of $11.30 Million

Kava (KAVA) traded down 0.7% against the dollar during the 24-hour period ending at 22:00 PM ET on August 9th. Over the last seven days, Kava has traded 6.3% lower against the dollar. Kava has a market capitalization of $355.19 million and $11.30 million worth of Kava was traded on exchanges in the last day. One Kava token can now be purchased for $0.33 or 0.00000541 BTC on popular exchanges.

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

• Avalanche (AVAX) traded down 3.4% against the dollar and now trades at $21.66 or 0.00035746 BTC.
• NEAR Protocol (NEAR) traded 1.9% lower against the dollar and now trades at $4.06 or 0.00006699 BTC.
• Internet Computer (ICP) traded down 2.1% against the dollar and now trades at $7.42 or 0.00012247 BTC.
• Cronos (CRO) traded up 15% against the dollar and now trades at $0.0966 or 0.00000159 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.0559 or 0.00000092 BTC.
• Cosmos (ATOM) traded down 1.4% against the dollar and now trades at $5.05 or 0.00008340 BTC.
• Algorand (ALGO) traded 1.5% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Fetch.ai (FET) traded down 5.2% against the dollar and now trades at $0.85 or 0.00001403 BTC.
• Akash Network (AKT) traded 2.8% lower against the dollar and now trades at $2.54 or 0.00004193 BTC.
• Theta Fuel (TFUEL) traded 5.3% higher against the dollar and now trades at $0.0592 or 0.00000098 BTC.

Kava Token Profile

Kava uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,854,775 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. 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.

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 possible to buy alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to trade Kava should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView