Kava Hits Self Reported Market Capitalization of $489.15 Million (KAVA)

Kava (KAVA) traded 1.4% lower against the US dollar during the 24-hour period ending at 10:00 AM E.T. on June 28th. One Kava token can currently be purchased for about $0.45 or 0.00000737 BTC on popular exchanges. Kava has a total market capitalization of $489.15 million and $8.64 million worth of Kava was traded on exchanges in the last day. During the last week, Kava has traded 2.2% lower against the US dollar.

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

• Avalanche (AVAX) traded 3.2% higher against the dollar and now trades at $28.40 or 0.00046369 BTC.
• NEAR Protocol (NEAR) traded 3.5% lower against the dollar and now trades at $5.16 or 0.00008430 BTC.
• Internet Computer (ICP) traded down 1.4% against the dollar and now trades at $8.18 or 0.00013362 BTC.
• Hedera (HBAR) traded down 1.2% against the dollar and now trades at $0.0788 or 0.00000129 BTC.
• Cosmos (ATOM) traded up 0.9% against the dollar and now trades at $6.98 or 0.00011392 BTC.
• Cronos (CRO) traded 0.3% lower against the dollar and now trades at $0.0920 or 0.00000150 BTC.
• Fetch.ai (FET) traded 8.8% lower against the dollar and now trades at $1.45 or 0.00002370 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Akash Network (AKT) traded 11.9% higher against the dollar and now trades at $3.55 or 0.00005758 BTC.
• Theta Fuel (TFUEL) traded down 2.1% against the dollar and now trades at $0.0772 or 0.00000126 BTC.

Kava Profile

KAVA uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,856,222 tokens. Kava’s official website is www.kava.io. 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 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 US dollars. Investors seeking to trade Kava should first purchase 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 purchase Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView