Avalanche Price Tops $39.31 on Major Exchanges (AVAX)

Avalanche (AVAX) traded 12.2% higher against the US dollar during the 24-hour period ending at 11:00 AM ET on November 22nd. One Avalanche coin can currently be purchased for approximately $39.31 or 0.00039923 BTC on major cryptocurrency exchanges. During the last week, Avalanche has traded 25% higher against the US dollar. Avalanche has a market capitalization of $16.08 billion and $1.33 billion worth of Avalanche was traded on exchanges in the last day.

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

• NEAR Protocol (NEAR) traded up 0.6% against the dollar and now trades at $5.66 or 0.00005748 BTC.
• Hedera (HBAR) traded 8.9% higher against the dollar and now trades at $0.13 or 0.00000133 BTC.
• Cronos (CRO) traded up 3.6% against the dollar and now trades at $0.19 or 0.00000191 BTC.
• Internet Computer (ICP) traded up 10.3% against the dollar and now trades at $10.14 or 0.00010293 BTC.
• Fetch.ai (FET) traded down 2.2% against the dollar and now trades at $1.24 or 0.00001257 BTC.
• Cosmos (ATOM) traded 17.9% higher against the dollar and now trades at $7.44 or 0.00007553 BTC.
• Algorand (ALGO) traded 16.8% higher against the dollar and now trades at $0.24 or 0.00000243 BTC.
• Akash Network (AKT) traded down 0.4% against the dollar and now trades at $3.72 or 0.00003782 BTC.
• Kava (KAVA) traded up 1.1% against the dollar and now trades at $0.46 or 0.00000465 BTC.
• Theta Fuel (TFUEL) traded up 0.2% against the dollar and now trades at $0.0666 or 0.00000068 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,452,890 coins and its circulating supply is 409,116,590 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official website is avax.network. The official message board for Avalanche is medium.com/avalancheavax.

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 U.S. dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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