Avalanche Reaches 24-Hour Trading Volume of $304.62 Million (AVAX)

Avalanche (AVAX) traded 0.9% lower against the dollar during the 1-day period ending at 7:00 AM Eastern on March 14th. Avalanche has a market cap of $7.79 billion and $304.62 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for approximately $18.80 or 0.00022595 BTC on exchanges. During the last week, Avalanche has traded 9.5% lower against the dollar.

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

• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.19 or 0.00000232 BTC.
• NEAR Protocol (NEAR) traded 1.6% higher against the dollar and now trades at $2.65 or 0.00003185 BTC.
• Internet Computer (ICP) traded 1% higher against the dollar and now trades at $5.58 or 0.00006707 BTC.
• Cronos (CRO) traded down 1.9% against the dollar and now trades at $0.0823 or 0.00000099 BTC.
• Algorand (ALGO) traded up 1.5% against the dollar and now trades at $0.20 or 0.00000239 BTC.
• Cosmos (ATOM) traded up 3.7% against the dollar and now trades at $4.04 or 0.00004856 BTC.
• Fetch.ai (FET) traded up 1.3% against the dollar and now trades at $0.51 or 0.00000613 BTC.
• Kava (KAVA) traded up 9.4% against the dollar and now trades at $0.47 or 0.00000565 BTC.
• Akash Network (AKT) traded 2.4% higher against the dollar and now trades at $1.38 or 0.00001664 BTC.
• Theta Fuel (TFUEL) traded up 0.9% against the dollar and now trades at $0.0375 or 0.00000045 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 451,029,411 coins and its circulating supply is 414,359,911 coins. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

It is usually not currently 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, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView