Kava (KAVA) Trading 1.1% Higher This Week

Kava (KAVA) traded 4.2% lower against the US dollar during the 24-hour period ending at 10:00 AM Eastern on September 16th. Kava has a market capitalization of $322.23 million and approximately $8.18 million worth of Kava was traded on exchanges in the last day. One Kava token can now be purchased for about $0.30 or 0.00000512 BTC on cryptocurrency exchanges. During the last week, Kava has traded 1.1% higher against the US dollar.

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

• Avalanche (AVAX) traded 4.9% lower against the dollar and now trades at $23.44 or 0.00040311 BTC.
• NEAR Protocol (NEAR) traded down 6.5% against the dollar and now trades at $3.89 or 0.00006689 BTC.
• Internet Computer (ICP) traded 6.7% lower against the dollar and now trades at $7.93 or 0.00013642 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0803 or 0.00000138 BTC.
• Hedera (HBAR) traded 3.5% lower against the dollar and now trades at $0.0497 or 0.00000085 BTC.
• Cosmos (ATOM) traded 6.6% lower against the dollar and now trades at $3.95 or 0.00006786 BTC.
• Fetch.ai (FET) traded down 7.7% against the dollar and now trades at $1.27 or 0.00002188 BTC.
• Algorand (ALGO) traded 4.2% lower against the dollar and now trades at $0.12 or 0.00000213 BTC.
• Akash Network (AKT) traded 7.2% lower against the dollar and now trades at $2.36 or 0.00004041 BTC.
• Theta Fuel (TFUEL) traded up 1% against the dollar and now trades at $0.0615 or 0.00000106 BTC.

Kava Profile

Kava (KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,854,736 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 message board 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.”

Kava Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first purchase 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 purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView