Kava (KAVA) 1-Day Volume Reaches $12.33 Million

Kava (KAVA) traded 4.2% higher against the US dollar during the 24 hour period ending at 7:00 AM E.T. on May 4th. One Kava token can currently be purchased for $0.69 or 0.00001072 BTC on major cryptocurrency exchanges. Kava has a market capitalization of $745.51 million and $12.33 million worth of Kava was traded on exchanges in the last day. In the last week, Kava has traded 0.5% higher against the US dollar.

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

• Avalanche (AVAX) traded 7.2% higher against the dollar and now trades at $35.96 or 0.00056005 BTC.
• NEAR Protocol (NEAR) traded up 11.9% against the dollar and now trades at $6.90 or 0.00010750 BTC.
• Internet Computer (ICP) traded 3.3% higher against the dollar and now trades at $13.45 or 0.00020950 BTC.
• Hedera (HBAR) traded 6.6% higher against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded 5.4% higher against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Cosmos (ATOM) traded 1% higher against the dollar and now trades at $8.79 or 0.00013696 BTC.
• Fetch.ai (FET) traded up 13.2% against the dollar and now trades at $2.23 or 0.00003475 BTC.
• Algorand (ALGO) traded 6.4% higher against the dollar and now trades at $0.19 or 0.00000301 BTC.
• Akash Network (AKT) traded 8.8% higher against the dollar and now trades at $4.37 or 0.00006798 BTC.
• Theta Fuel (TFUEL) traded up 10% against the dollar and now trades at $0.11 or 0.00000169 BTC.

Kava Token Profile

Kava (KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,860,342 tokens. 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. The official message board for Kava is medium.com/kava-labs. 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.”

Kava Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to trade Kava should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView