Kava Hits Self Reported Market Cap of $519.92 Million (KAVA)

Kava (KAVA) traded up 3% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on February 10th. In the last week, Kava has traded down 3.5% against the US dollar. Kava has a market capitalization of $519.92 million and approximately $22.27 million worth of Kava was traded on exchanges in the last day. One Kava token can currently be purchased for approximately $0.48 or 0.00000492 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded up 1.4% against the dollar and now trades at $25.38 or 0.00026033 BTC.
• Hedera (HBAR) traded 1% higher against the dollar and now trades at $0.24 or 0.00000244 BTC.
• NEAR Protocol (NEAR) traded down 2.3% against the dollar and now trades at $3.23 or 0.00003313 BTC.
• Internet Computer (ICP) traded up 1.1% against the dollar and now trades at $7.08 or 0.00007264 BTC.
• Cronos (CRO) traded down 2.6% against the dollar and now trades at $0.0928 or 0.00000095 BTC.
• Algorand (ALGO) traded up 4.3% against the dollar and now trades at $0.29 or 0.00000296 BTC.
• Fetch.ai (FET) traded up 2.1% against the dollar and now trades at $0.78 or 0.00000801 BTC.
• Cosmos (ATOM) traded up 1.6% against the dollar and now trades at $4.70 or 0.00004818 BTC.
• Akash Network (AKT) traded down 2.7% against the dollar and now trades at $1.93 or 0.00001981 BTC.
• Theta Fuel (TFUEL) traded 17.9% higher against the dollar and now trades at $0.0558 or 0.00000057 BTC.

Kava Token Profile

KAVA uses the hashing algorithm. It was first traded on November 5th, 2019. Kava’s total supply is 1,082,853,808 tokens. Kava’s official message board is medium.com/kava-labs. The official website for Kava 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 Twitter account is @kava_chain and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Kava directly using U.S. dollars. Investors seeking to acquire Kava should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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