Kava (KAVA) Price Hits $0.32 on Top Exchanges

Kava (KAVA) traded down 3.5% against the dollar during the 1-day period ending at 9:00 AM Eastern on November 2nd. One Kava token can now be purchased for about $0.32 or 0.00000457 BTC on cryptocurrency exchanges. During the last seven days, Kava has traded 2.2% lower against the dollar. Kava has a market cap of $343.74 million and $7.44 million worth of Kava was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded down 4% against the dollar and now trades at $24.32 or 0.00035014 BTC.
• NEAR Protocol (NEAR) traded down 4% against the dollar and now trades at $3.87 or 0.00005570 BTC.
• Internet Computer (ICP) traded 1.1% lower against the dollar and now trades at $7.81 or 0.00011248 BTC.
• Fetch.ai (FET) traded down 6.4% against the dollar and now trades at $1.19 or 0.00001716 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0730 or 0.00000105 BTC.
• Hedera (HBAR) traded down 3.1% against the dollar and now trades at $0.0451 or 0.00000065 BTC.
• Cosmos (ATOM) traded 3% lower against the dollar and now trades at $4.11 or 0.00005920 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.11 or 0.00000165 BTC.
• Akash Network (AKT) traded down 6.5% against the dollar and now trades at $2.24 or 0.00003219 BTC.
• Theta Fuel (TFUEL) traded down 1.7% against the dollar and now trades at $0.0515 or 0.00000074 BTC.

Kava Token Profile

Kava uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,854,297 tokens. Kava’s official website is www.kava.io. 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. 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.”

Kava Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Kava directly using U.S. dollars. Investors seeking to acquire Kava should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView