Kava (KAVA) One Day Trading Volume Reaches $9.53 Million

Kava (KAVA) traded 3.1% higher against the U.S. dollar during the 1 day period ending at 19:00 PM Eastern on May 9th. One Kava token can now be bought for about $0.67 or 0.00001064 BTC on popular exchanges. Kava has a market capitalization of $728.11 million and approximately $9.53 million worth of Kava was traded on exchanges in the last 24 hours. In the last week, Kava has traded up 1.5% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded up 4.1% against the dollar and now trades at $35.25 or 0.00055780 BTC.
• NEAR Protocol (NEAR) traded up 9.3% against the dollar and now trades at $7.45 or 0.00011796 BTC.
• Internet Computer (ICP) traded 2.1% higher against the dollar and now trades at $12.32 or 0.00019493 BTC.
• Hedera (HBAR) traded 5.7% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $9.12 or 0.00014428 BTC.
• Cronos (CRO) traded up 2% against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Fetch.ai (FET) traded 6.6% higher against the dollar and now trades at $2.30 or 0.00003638 BTC.
• Algorand (ALGO) traded 3.8% higher against the dollar and now trades at $0.19 or 0.00000307 BTC.
• Akash Network (AKT) traded up 21.2% against the dollar and now trades at $5.20 or 0.00008303 BTC.
• Theta Fuel (TFUEL) traded 2.1% higher against the dollar and now trades at $0.11 or 0.00000175 BTC.

Kava Token Profile

KAVA uses the hashing algorithm. It launched on November 5th, 2019. Kava’s total supply is 1,082,856,257 tokens. Kava’s official Twitter account is @kava_chain and its Facebook page is accessible here. Kava’s official website is www.kava.io. 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 possible to purchase alternative cryptocurrencies such as Kava directly using US dollars. Investors seeking to acquire Kava should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Kava using one of the aforementioned exchanges.

KAVA/USD price chart by TradingView