Avalanche (AVAX) 1-Day Trading Volume Hits $284.61 Million

Avalanche (AVAX) traded 3.5% higher against the US dollar during the one day period ending at 11:00 AM ET on November 5th. During the last week, Avalanche has traded 9.8% lower against the US dollar. Avalanche has a total market cap of $9.77 billion and $284.61 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for $24.01 or 0.00034430 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded 5.3% higher against the dollar and now trades at $3.87 or 0.00005556 BTC.
• Internet Computer (ICP) traded up 1.9% against the dollar and now trades at $7.31 or 0.00010487 BTC.
• Fetch.ai (FET) traded up 9.8% against the dollar and now trades at $1.25 or 0.00001792 BTC.
• Cronos (CRO) traded 1.2% higher against the dollar and now trades at $0.0724 or 0.00000104 BTC.
• Hedera (HBAR) traded 5.8% higher against the dollar and now trades at $0.0453 or 0.00000065 BTC.
• Cosmos (ATOM) traded up 4.7% against the dollar and now trades at $4.14 or 0.00005938 BTC.
• Algorand (ALGO) traded 4.1% higher against the dollar and now trades at $0.11 or 0.00000163 BTC.
• Akash Network (AKT) traded 4.7% higher against the dollar and now trades at $2.29 or 0.00003286 BTC.
• Theta Fuel (TFUEL) traded 2.2% higher against the dollar and now trades at $0.0509 or 0.00000073 BTC.
• Kava (KAVA) traded up 3.8% against the dollar and now trades at $0.31 or 0.00000446 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,157,759 coins and its circulating supply is 407,154,659 coins. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here.

According to CryptoCompare, “Avalanche (AVAX) is an open-source smart contracts platform launched in September 2020, known for its high scalability and rapid transaction finalization (sub-one second). Developed under the leadership of Dr. Emin Gün Sirer, it’s a robust platform for decentralized finance (DeFi) and enterprise blockchain solutions. The network can handle over 4,500 transactions per second and offers enhanced security against 51% attacks. Compatible with Ethereum’s development toolkit, Avalanche allows for easy interoperability and supports millions of independent validators as full block producers. It is also eco-friendly, catering to Web3 developers. The AVAX token serves multiple roles within the network, including transaction fees and network security. With the ability to host decentralized applications (dApps) and custom blockchains, Avalanche offers a versatile, high-performance ecosystem for developers, investors, and enterprises alike.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView