Kava Trading 5.8% Higher Over Last Week (KAVA)

Kava (KAVA) traded 2.1% lower against the dollar during the twenty-four hour period ending at 14:00 PM ET on May 22nd. One Kava token can currently be purchased for approximately $0.69 or 0.00000986 BTC on exchanges. Kava has a market capitalization of $743.33 million and $17.98 million worth of Kava was traded on exchanges in the last day. Over the last seven days, Kava has traded 5.8% higher against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 2.9% against the dollar and now trades at $39.73 or 0.00057057 BTC.
• NEAR Protocol (NEAR) traded up 2.7% against the dollar and now trades at $8.06 or 0.00011571 BTC.
• Internet Computer (ICP) traded 4.8% lower against the dollar and now trades at $12.91 or 0.00018534 BTC.
• Hedera (HBAR) traded down 1.9% against the dollar and now trades at $0.11 or 0.00000162 BTC.
• Cosmos (ATOM) traded down 3.2% against the dollar and now trades at $8.55 or 0.00012284 BTC.
• Cronos (CRO) traded up 0% against the dollar and now trades at $0.13 or 0.00000180 BTC.
• Fetch.ai (FET) traded 4.4% higher against the dollar and now trades at $2.60 or 0.00003731 BTC.
• Algorand (ALGO) traded 1.5% lower against the dollar and now trades at $0.19 or 0.00000267 BTC.
• Akash Network (AKT) traded up 0.5% against the dollar and now trades at $5.79 or 0.00008337 BTC.
• Theta Fuel (TFUEL) traded 1.7% lower against the dollar and now trades at $0.11 or 0.00000155 BTC.

Kava Profile

Kava (CRYPTO:KAVA) uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,856,252 tokens. Kava’s official website 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 message board is medium.com/kava-labs. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible 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.”

Kava Token Trading

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 Gemini, GDAX 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