Kava Trading 9.1% Lower This Week (KAVA)

Kava (KAVA) traded down 1.9% against the US dollar during the 1-day period ending at 8:00 AM Eastern on March 10th. One Kava token can now be purchased for approximately $0.41 or 0.00000492 BTC on popular exchanges. Kava has a market cap of $440.48 million and $22.07 million worth of Kava was traded on exchanges in the last day. During the last seven days, Kava has traded down 9.1% against the US dollar.

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

• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.21 or 0.00000255 BTC.
• Avalanche (AVAX) traded 5.3% lower against the dollar and now trades at $18.63 or 0.00022553 BTC.
• NEAR Protocol (NEAR) traded down 5.3% against the dollar and now trades at $2.62 or 0.00003166 BTC.
• Internet Computer (ICP) traded down 2% against the dollar and now trades at $5.65 or 0.00006838 BTC.
• Cronos (CRO) traded 4.5% lower against the dollar and now trades at $0.0833 or 0.00000101 BTC.
• Algorand (ALGO) traded down 3% against the dollar and now trades at $0.21 or 0.00000253 BTC.
• Cosmos (ATOM) traded down 0.4% against the dollar and now trades at $3.99 or 0.00004833 BTC.
• Fetch.ai (FET) traded up 0.5% against the dollar and now trades at $0.55 or 0.00000661 BTC.
• Akash Network (AKT) traded down 5% against the dollar and now trades at $1.19 or 0.00001441 BTC.
• Theta Fuel (TFUEL) traded 4.3% lower against the dollar and now trades at $0.0392 or 0.00000047 BTC.

Kava Profile

Kava (CRYPTO:KAVA) uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,853,486 tokens. 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 message board is medium.com/kava-labs. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. The official website for Kava is www.kava.io.

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 presently 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 Changelly, GDAX or Coinbase. 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