Kava Self Reported Market Capitalization Achieves $346.62 Million (KAVA)

Kava (KAVA) traded up 3.5% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on August 18th. One Kava token can now be bought for about $0.32 or 0.00000537 BTC on exchanges. During the last week, Kava has traded 1.1% higher against the U.S. dollar. Kava has a total market capitalization of $346.62 million and approximately $6.13 million worth of Kava was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $21.33 or 0.00035789 BTC.
• NEAR Protocol (NEAR) traded up 0.7% against the dollar and now trades at $4.00 or 0.00006707 BTC.
• Internet Computer (ICP) traded up 1.4% against the dollar and now trades at $7.28 or 0.00012223 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0873 or 0.00000146 BTC.
• Hedera (HBAR) traded up 2.5% against the dollar and now trades at $0.0538 or 0.00000090 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $4.59 or 0.00007709 BTC.
• Algorand (ALGO) traded 2% higher against the dollar and now trades at $0.12 or 0.00000202 BTC.
• Fetch.ai (FET) traded up 0.2% against the dollar and now trades at $0.83 or 0.00001400 BTC.
• Akash Network (AKT) traded up 0.7% against the dollar and now trades at $2.52 or 0.00004229 BTC.
• Theta Fuel (TFUEL) traded up 0.7% against the dollar and now trades at $0.0557 or 0.00000093 BTC.

Kava Profile

Kava uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,854,768 tokens. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. The official message board for Kava 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.

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 currently possible to buy alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to trade Kava should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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