Kava Hits 24-Hour Trading Volume of $16.42 Million (KAVA)

Kava (KAVA) traded down 1.5% against the dollar during the twenty-four hour period ending at 11:00 AM ET on October 22nd. One Kava token can now be purchased for approximately $0.36 or 0.00000540 BTC on exchanges. In the last week, Kava has traded down 2.2% against the dollar. Kava has a market cap of $392.89 million and $16.42 million worth of Kava was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 0.3% against the dollar and now trades at $27.72 or 0.00041281 BTC.
• NEAR Protocol (NEAR) traded 2.6% lower against the dollar and now trades at $4.68 or 0.00006971 BTC.
• Internet Computer (ICP) traded 0.3% lower against the dollar and now trades at $7.95 or 0.00011837 BTC.
• Cronos (CRO) traded down 0.4% against the dollar and now trades at $0.0770 or 0.00000115 BTC.
• Hedera (HBAR) traded down 3.6% against the dollar and now trades at $0.0519 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 2.6% against the dollar and now trades at $4.74 or 0.00007065 BTC.
• Fetch.ai (FET) traded down 2% against the dollar and now trades at $1.36 or 0.00002020 BTC.
• Algorand (ALGO) traded 1.5% lower against the dollar and now trades at $0.12 or 0.00000185 BTC.
• Akash Network (AKT) traded 1.5% lower against the dollar and now trades at $2.45 or 0.00003666 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0604 or 0.00000090 BTC.

Kava Profile

Kava (CRYPTO:KAVA) uses the hashing algorithm. Its genesis date was November 5th, 2019. Kava’s total supply is 1,082,854,678 tokens. The official website for Kava 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. 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 presently possible to buy alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to trade Kava should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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