Kava Hits 24 Hour Trading Volume of $14.00 Million (KAVA)

Kava (KAVA) traded 1.8% lower against the U.S. dollar during the 1 day period ending at 7:00 AM ET on December 28th. During the last week, Kava has traded up 1.9% against the U.S. dollar. Kava has a market cap of $499.28 million and $14.00 million worth of Kava was traded on exchanges in the last day. One Kava token can now be purchased for approximately $0.46 or 0.00000487 BTC on major cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 4.4% lower against the dollar and now trades at $36.74 or 0.00038822 BTC.
• Hedera (HBAR) traded down 5% against the dollar and now trades at $0.27 or 0.00000290 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $5.17 or 0.00005463 BTC.
• Internet Computer (ICP) traded down 4.9% against the dollar and now trades at $10.17 or 0.00010750 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.15 or 0.00000156 BTC.
• Fetch.ai (FET) traded down 2.7% against the dollar and now trades at $1.31 or 0.00001389 BTC.
• Algorand (ALGO) traded down 6.5% against the dollar and now trades at $0.33 or 0.00000353 BTC.
• Cosmos (ATOM) traded down 3.6% against the dollar and now trades at $6.45 or 0.00006815 BTC.
• Akash Network (AKT) traded 4.3% lower against the dollar and now trades at $2.97 or 0.00003137 BTC.
• Theta Fuel (TFUEL) traded up 1% against the dollar and now trades at $0.0667 or 0.00000071 BTC.

Kava Token Profile

Kava (KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,853,869 tokens. The official message board for Kava is medium.com/kava-labs. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. Kava’s official website is www.kava.io. 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.”

Buying and Selling Kava

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

KAVA/USD price chart by TradingView