Kava Trading 3.3% Higher This Week (KAVA)

Kava (KAVA) traded down 2.1% against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on May 7th. During the last seven days, Kava has traded up 3.3% against the dollar. Kava has a market capitalization of $735.08 million and $14.63 million worth of Kava was traded on exchanges in the last day. One Kava token can now be purchased for $0.68 or 0.00001060 BTC on major exchanges.

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

• Avalanche (AVAX) traded down 4.5% against the dollar and now trades at $36.95 or 0.00057699 BTC.
• NEAR Protocol (NEAR) traded up 2.8% against the dollar and now trades at $7.67 or 0.00011975 BTC.
• Internet Computer (ICP) traded 4.4% lower against the dollar and now trades at $12.91 or 0.00020165 BTC.
• Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded down 1.4% against the dollar and now trades at $9.24 or 0.00014432 BTC.
• Cronos (CRO) traded 1.5% lower against the dollar and now trades at $0.13 or 0.00000205 BTC.
• Fetch.ai (FET) traded up 3.5% against the dollar and now trades at $2.49 or 0.00003895 BTC.
• Algorand (ALGO) traded down 1% against the dollar and now trades at $0.20 or 0.00000308 BTC.
• Akash Network (AKT) traded down 4.9% against the dollar and now trades at $4.71 or 0.00007360 BTC.
• Theta Fuel (TFUEL) traded 1% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.

About Kava

KAVA uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,860,342 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 Twitter account is @kava_chain and its Facebook page is accessible here. Kava’s official message board 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.”

Buying and Selling Kava

It is usually not possible to purchase alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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