Kava Self Reported Market Cap Tops $604.85 Million (KAVA)

Kava (KAVA) traded down 0.3% against the US dollar during the twenty-four hour period ending at 14:00 PM ET on June 16th. Kava has a total market capitalization of $604.85 million and $6.89 million worth of Kava was traded on exchanges in the last 24 hours. One Kava token can now be purchased for $0.56 or 0.00000839 BTC on cryptocurrency exchanges. During the last week, Kava has traded down 13.4% against the US dollar.

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

• Avalanche (AVAX) traded 0.8% lower against the dollar and now trades at $29.89 or 0.00044876 BTC.
• NEAR Protocol (NEAR) traded up 0.3% against the dollar and now trades at $5.64 or 0.00008470 BTC.
• Internet Computer (ICP) traded 2.1% higher against the dollar and now trades at $9.33 or 0.00014002 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.0858 or 0.00000129 BTC.
• Cosmos (ATOM) traded 0.6% higher against the dollar and now trades at $7.18 or 0.00010780 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0988 or 0.00000148 BTC.
• Fetch.ai (FET) traded 1.3% lower against the dollar and now trades at $1.46 or 0.00002194 BTC.
• Algorand (ALGO) traded 0.5% higher against the dollar and now trades at $0.15 or 0.00000232 BTC.
• Akash Network (AKT) traded down 3.1% against the dollar and now trades at $3.36 or 0.00005053 BTC.
• Theta Fuel (TFUEL) traded up 1.3% against the dollar and now trades at $0.0803 or 0.00000121 BTC.

Kava Profile

KAVA uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,856,222 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. 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.

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 possible to purchase alternative cryptocurrencies such as Kava directly using U.S. dollars. Investors seeking to acquire Kava should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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