Kava (KAVA) Self Reported Market Cap Reaches $750.65 Million

Kava (KAVA) traded 1.5% higher against the US dollar during the 1-day period ending at 19:00 PM E.T. on May 5th. Over the last seven days, Kava has traded up 1.3% against the US dollar. One Kava token can currently be purchased for $0.69 or 0.00001084 BTC on popular cryptocurrency exchanges. Kava has a total market capitalization of $750.65 million and $11.63 million worth of Kava was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 0.5% higher against the dollar and now trades at $37.42 or 0.00058485 BTC.
• NEAR Protocol (NEAR) traded 9% higher against the dollar and now trades at $7.49 or 0.00011702 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $13.00 or 0.00020314 BTC.
• Hedera (HBAR) traded 1.2% higher against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded 7.3% higher against the dollar and now trades at $9.32 or 0.00014568 BTC.
• Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.13 or 0.00000206 BTC.
• Fetch.ai (FET) traded up 8.4% against the dollar and now trades at $2.35 or 0.00003668 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.20 or 0.00000308 BTC.
• Akash Network (AKT) traded up 13.9% against the dollar and now trades at $4.88 or 0.00007650 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.11 or 0.00000170 BTC.

Kava Profile

KAVA uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,860,342 tokens. Kava’s official website 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. Kava’s official message board is medium.com/kava-labs.

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 U.S. dollars. Investors seeking to acquire Kava should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX 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