Kava Hits 24 Hour Trading Volume of $16.70 Million (KAVA)

Kava (KAVA) traded 4% higher against the US dollar during the one day period ending at 7:00 AM E.T. on December 24th. During the last week, Kava has traded down 18.9% against the US dollar. One Kava token can currently be purchased for about $0.45 or 0.00000481 BTC on popular exchanges. Kava has a market cap of $490.43 million and approximately $16.70 million worth of Kava was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded up 6.3% against the dollar and now trades at $39.26 or 0.00041674 BTC.
• Hedera (HBAR) traded 13.1% higher against the dollar and now trades at $0.31 or 0.00000333 BTC.
• NEAR Protocol (NEAR) traded up 6.9% against the dollar and now trades at $5.46 or 0.00005796 BTC.
• Internet Computer (ICP) traded up 6.8% against the dollar and now trades at $10.78 or 0.00011447 BTC.
• Cronos (CRO) traded 3.4% higher against the dollar and now trades at $0.16 or 0.00000171 BTC.
• Fetch.ai (FET) traded 5.4% higher against the dollar and now trades at $1.35 or 0.00001434 BTC.
• Algorand (ALGO) traded up 5.2% against the dollar and now trades at $0.38 or 0.00000407 BTC.
• Cosmos (ATOM) traded up 4.6% against the dollar and now trades at $6.81 or 0.00007231 BTC.
• Akash Network (AKT) traded up 7.2% against the dollar and now trades at $3.28 or 0.00003491 BTC.
• Theta Fuel (TFUEL) traded up 2.6% against the dollar and now trades at $0.0684 or 0.00000073 BTC.

About Kava

Kava uses the hashing algorithm. It was first traded on November 5th, 2019. Kava’s total supply is 1,082,853,869 tokens. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. Kava’s official website is www.kava.io. Kava’s official message board is medium.com/kava-labs. The Reddit community for Kava is https://reddit.com/r/kava_platform/ and the currency’s Github account can be viewed 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 presently possible to buy alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first buy 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 buy Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView