Kava (KAVA) Achieves Self Reported Market Cap of $408.02 Million

Kava (KAVA) traded down 20.1% against the dollar during the 24 hour period ending at 7:00 AM E.T. on December 20th. Over the last seven days, Kava has traded down 35.2% against the dollar. One Kava token can now be bought for about $0.38 or 0.00000405 BTC on cryptocurrency exchanges. Kava has a total market capitalization of $408.02 million and approximately $34.59 million worth of Kava was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 21.3% lower against the dollar and now trades at $34.01 or 0.00036576 BTC.
• Hedera (HBAR) traded 19.3% lower against the dollar and now trades at $0.24 or 0.00000256 BTC.
• NEAR Protocol (NEAR) traded down 20.8% against the dollar and now trades at $4.59 or 0.00004940 BTC.
• Internet Computer (ICP) traded down 19.4% against the dollar and now trades at $9.06 or 0.00009750 BTC.
• Cronos (CRO) traded 21% lower against the dollar and now trades at $0.14 or 0.00000155 BTC.
• Fetch.ai (FET) traded down 20.8% against the dollar and now trades at $1.14 or 0.00001224 BTC.
• Algorand (ALGO) traded down 24.7% against the dollar and now trades at $0.29 or 0.00000308 BTC.
• Cosmos (ATOM) traded down 21.6% against the dollar and now trades at $5.92 or 0.00006368 BTC.
• Akash Network (AKT) traded 14.9% lower against the dollar and now trades at $2.81 or 0.00003004 BTC.
• Theta Fuel (TFUEL) traded 15.5% lower against the dollar and now trades at $0.0581 or 0.00000062 BTC.

About Kava

KAVA uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,853,869 tokens. Kava’s official message board is medium.com/kava-labs. Kava’s official website is www.kava.io. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. 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.”

Buying and Selling Kava

It is usually not possible to buy alternative cryptocurrencies such as Kava directly using U.S. dollars. Investors seeking to acquire Kava should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView