Kava (KAVA) Price Reaches $0.51 on Exchanges

Kava (KAVA) traded 3.3% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on January 17th. One Kava token can now be purchased for $0.51 or 0.00000496 BTC on major exchanges. Kava has a total market capitalization of $550.76 million and $18.03 million worth of Kava was traded on exchanges in the last 24 hours. During the last week, Kava has traded down 1.5% against the US dollar.

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

• Avalanche (AVAX) traded up 3.6% against the dollar and now trades at $41.19 or 0.00040165 BTC.
• Hedera (HBAR) traded up 5.8% against the dollar and now trades at $0.37 or 0.00000364 BTC.
• NEAR Protocol (NEAR) traded 6.2% higher against the dollar and now trades at $5.60 or 0.00005455 BTC.
• Internet Computer (ICP) traded 4.7% higher against the dollar and now trades at $11.29 or 0.00011011 BTC.
• Algorand (ALGO) traded up 2.4% against the dollar and now trades at $0.48 or 0.00000467 BTC.
• Cronos (CRO) traded up 0.9% against the dollar and now trades at $0.14 or 0.00000140 BTC.
• Fetch.ai (FET) traded up 4.4% against the dollar and now trades at $1.41 or 0.00001371 BTC.
• Cosmos (ATOM) traded up 2.9% against the dollar and now trades at $6.86 or 0.00006688 BTC.
• Akash Network (AKT) traded 1.3% higher against the dollar and now trades at $3.21 or 0.00003136 BTC.
• Theta Fuel (TFUEL) traded up 1.1% against the dollar and now trades at $0.0697 or 0.00000068 BTC.

Kava Profile

KAVA uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,853,842 tokens. 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. Kava’s official message board 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 currently 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