Kava Price Tops $0.68 on Major Exchanges (KAVA)

Kava (KAVA) traded down 0.5% against the dollar during the one day period ending at 19:00 PM Eastern on May 4th. One Kava token can currently be purchased for $0.68 or 0.00001071 BTC on major exchanges. Kava has a market capitalization of $738.72 million and approximately $9.50 million worth of Kava was traded on exchanges in the last day. In the last week, Kava has traded 1.4% lower against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded up 4.5% against the dollar and now trades at $37.18 or 0.00058364 BTC.
• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $6.87 or 0.00010782 BTC.
• Internet Computer (ICP) traded 3.5% lower against the dollar and now trades at $13.17 or 0.00020667 BTC.
• Hedera (HBAR) traded down 2.8% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.13 or 0.00000209 BTC.
• Cosmos (ATOM) traded down 1.3% against the dollar and now trades at $8.69 or 0.00013633 BTC.
• Fetch.ai (FET) traded down 0.5% against the dollar and now trades at $2.16 or 0.00003394 BTC.
• Algorand (ALGO) traded 0.1% higher against the dollar and now trades at $0.19 or 0.00000303 BTC.
• Akash Network (AKT) traded 2% lower against the dollar and now trades at $4.29 or 0.00006730 BTC.
• Theta Fuel (TFUEL) traded 4.1% higher against the dollar and now trades at $0.11 or 0.00000173 BTC.

Kava Profile

Kava (KAVA) uses the hashing algorithm. Its launch date was November 5th, 2019. Kava’s total supply is 1,082,860,342 tokens. Kava’s official website is www.kava.io. 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 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 currently possible to buy alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Kava using one of the exchanges listed above.

KAVA/USD price chart by TradingView