Kava (KAVA) Self Reported Market Cap Reaches $504.53 Million

Kava (KAVA) traded 6.4% lower against the dollar during the 24-hour period ending at 7:00 AM ET on February 6th. During the last week, Kava has traded 9.6% higher against the dollar. One Kava token can currently be bought for $0.47 or 0.00000473 BTC on popular cryptocurrency exchanges. Kava has a total market cap of $504.53 million and $42.76 million worth of Kava was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 3.9% against the dollar and now trades at $26.08 or 0.00026460 BTC.
• Hedera (HBAR) traded down 5.1% against the dollar and now trades at $0.24 or 0.00000246 BTC.
• NEAR Protocol (NEAR) traded 4.7% lower against the dollar and now trades at $3.29 or 0.00003334 BTC.
• Internet Computer (ICP) traded 2.7% lower against the dollar and now trades at $6.98 or 0.00007082 BTC.
• Cronos (CRO) traded 4.2% lower against the dollar and now trades at $0.10 or 0.00000102 BTC.
• Algorand (ALGO) traded 2.9% lower against the dollar and now trades at $0.28 or 0.00000288 BTC.
• Fetch.ai (FET) traded down 5.3% against the dollar and now trades at $0.75 or 0.00000765 BTC.
• Cosmos (ATOM) traded 4% lower against the dollar and now trades at $4.59 or 0.00004659 BTC.
• Akash Network (AKT) traded 7.5% lower against the dollar and now trades at $1.97 or 0.00001992 BTC.
• Theta Fuel (TFUEL) traded down 9.3% against the dollar and now trades at $0.0466 or 0.00000047 BTC.

Kava Token Profile

Kava uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,853,808 tokens. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. 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 website is www.kava.io. 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 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