Avalanche Hits 24 Hour Trading Volume of $224.81 Million (AVAX)

Avalanche (AVAX) traded up 2% against the U.S. dollar during the twenty-four hour period ending at 19:00 PM Eastern on September 17th. Avalanche has a market capitalization of $9.67 billion and approximately $224.81 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be purchased for about $23.82 or 0.00039543 BTC on cryptocurrency exchanges. In the last week, Avalanche has traded down 2.6% against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded 7.5% higher against the dollar and now trades at $4.16 or 0.00006899 BTC.
• Internet Computer (ICP) traded 0.7% lower against the dollar and now trades at $7.90 or 0.00013115 BTC.
• Cronos (CRO) traded up 1.1% against the dollar and now trades at $0.0800 or 0.00000133 BTC.
• Hedera (HBAR) traded up 0.7% against the dollar and now trades at $0.0497 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.4% higher against the dollar and now trades at $4.17 or 0.00006916 BTC.
• Fetch.ai (FET) traded 8.2% higher against the dollar and now trades at $1.36 or 0.00002252 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.12 or 0.00000206 BTC.
• Akash Network (AKT) traded 3.2% higher against the dollar and now trades at $2.49 or 0.00004122 BTC.
• Theta Fuel (TFUEL) traded down 0.9% against the dollar and now trades at $0.0608 or 0.00000101 BTC.
• Kava (KAVA) traded 4% higher against the dollar and now trades at $0.30 or 0.00000505 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 445,872,375 coins and its circulating supply is 405,869,275 coins. Avalanche’s official website is avax.network. Avalanche’s official message board is medium.com/avalancheavax. 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.

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.”

Buying and Selling Avalanche

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

AVAX/USD price chart by TradingView