Kava (KAVA) Price Hits $0.56 on Major Exchanges

Kava (KAVA) traded 3.3% higher against the U.S. dollar during the one day period ending at 16:00 PM E.T. on June 15th. One Kava token can now be bought for $0.56 or 0.00000844 BTC on cryptocurrency exchanges. Kava has a total market cap of $602.71 million and $7.25 million worth of Kava was traded on exchanges in the last day. Over the last week, Kava has traded down 13.2% against the U.S. dollar.

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

• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $29.98 or 0.00045468 BTC.
• NEAR Protocol (NEAR) traded up 1.7% against the dollar and now trades at $5.59 or 0.00008474 BTC.
• Internet Computer (ICP) traded down 2.3% against the dollar and now trades at $9.04 or 0.00013707 BTC.
• Hedera (HBAR) traded 0.6% lower against the dollar and now trades at $0.0849 or 0.00000129 BTC.
• Cosmos (ATOM) traded up 0.9% against the dollar and now trades at $7.10 or 0.00010773 BTC.
• Cronos (CRO) traded up 1% against the dollar and now trades at $0.10 or 0.00000152 BTC.
• Fetch.ai (FET) traded up 0.5% against the dollar and now trades at $1.46 or 0.00002216 BTC.
• Algorand (ALGO) traded up 2.1% against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Akash Network (AKT) traded 2.5% higher against the dollar and now trades at $3.46 or 0.00005228 BTC.
• Theta Fuel (TFUEL) traded 3.3% higher against the dollar and now trades at $0.0789 or 0.00000120 BTC.

About Kava

Kava uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,856,222 tokens. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. The official website for Kava is www.kava.io. The official message board for Kava is medium.com/kava-labs. 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.”

Kava Token Trading

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

KAVA/USD price chart by TradingView