Kava Self Reported Market Cap Hits $489.65 Million (KAVA)

Kava (KAVA) traded down 0.6% against the U.S. dollar during the 1 day period ending at 9:00 AM ET on June 10th. Kava has a market capitalization of $489.65 million and $21.41 million worth of Kava was traded on exchanges in the last day. One Kava token can now be bought for approximately $0.45 or 0.00000412 BTC on popular exchanges. During the last week, Kava has traded 4.4% higher against the U.S. dollar.

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

• Cronos (CRO) traded up 2.7% against the dollar and now trades at $0.10 or 0.00000093 BTC.
• Avalanche (AVAX) traded up 7% against the dollar and now trades at $22.36 or 0.00020368 BTC.
• Hedera (HBAR) traded up 6.8% against the dollar and now trades at $0.18 or 0.00000166 BTC.
• Internet Computer (ICP) traded 3.1% higher against the dollar and now trades at $6.12 or 0.00005572 BTC.
• NEAR Protocol (NEAR) traded 7.8% higher against the dollar and now trades at $2.65 or 0.00002416 BTC.
• Fetch.ai (FET) traded up 4% against the dollar and now trades at $0.82 or 0.00000745 BTC.
• Cosmos (ATOM) traded 5.6% higher against the dollar and now trades at $4.57 or 0.00004160 BTC.
• Algorand (ALGO) traded 6.9% higher against the dollar and now trades at $0.21 or 0.00000188 BTC.
• Akash Network (AKT) traded 11.7% higher against the dollar and now trades at $1.43 or 0.00001301 BTC.
• PayProtocol Paycoin (PCI) traded up 45.1% against the dollar and now trades at $0.15 or 0.00000140 BTC.

Kava Token Profile

Kava uses the hashing algorithm. It was first traded on November 5th, 2019. Kava’s total supply is 1,082,853,383 tokens. The Reddit community for Kava is https://reddit.com/r/kava_platform/ and the currency’s Github account can be viewed here. The official website for Kava is www.kava.io. 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.

According to CryptoCompare, “Kava Chain is a decentralized, permissionless, censorship-resistant blockchain built with the Cosmos SDK. This means it operates much like other Cosmos ecosystem blockchains, and is designed to be interoperable between chains. Learn more about Cosmos. Learn more about Kava.‍Kava Protocol is the set of rules and behaviors built into the Kava Chain that enables advanced Decentralized Finance (DeFi) functionality like permissionless borrowing and lending.‍The KAVA token is an asset on the Kava Chain. Kava Chain is secured by its token KAVA and it is used across the full chain as a transport and a store of value. It is given as a reward for minting USDX on the Kava app.Blockchain data provided by: ATOMScan (total supply)”

Buying and Selling Kava

It is usually not presently 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView