Avalanche One Day Trading Volume Reaches $306.65 Million (AVAX)

Avalanche (AVAX) traded down 1.9% against the US dollar during the 24 hour period ending at 21:00 PM Eastern on September 6th. During the last seven days, Avalanche has traded down 9.2% against the US dollar. One Avalanche coin can now be purchased for about $21.08 or 0.00039208 BTC on popular cryptocurrency exchanges. Avalanche has a total market cap of $8.54 billion and $306.65 million worth of Avalanche was traded on exchanges in the last day.

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

• NEAR Protocol (NEAR) traded down 5% against the dollar and now trades at $3.56 or 0.00006619 BTC.
• Internet Computer (ICP) traded down 3.5% against the dollar and now trades at $7.01 or 0.00013039 BTC.
• Cronos (CRO) traded 3.2% lower against the dollar and now trades at $0.0753 or 0.00000140 BTC.
• Hedera (HBAR) traded 2.5% lower against the dollar and now trades at $0.0471 or 0.00000088 BTC.
• Cosmos (ATOM) traded down 5.4% against the dollar and now trades at $3.70 or 0.00006877 BTC.
• Fetch.ai (FET) traded down 2.4% against the dollar and now trades at $1.05 or 0.00001959 BTC.
• Algorand (ALGO) traded 2.2% lower against the dollar and now trades at $0.12 or 0.00000215 BTC.
• Akash Network (AKT) traded down 2.4% against the dollar and now trades at $2.21 or 0.00004121 BTC.
• Theta Fuel (TFUEL) traded 0.4% higher against the dollar and now trades at $0.0537 or 0.00000100 BTC.
• Kava (KAVA) traded 4.3% lower against the dollar and now trades at $0.28 or 0.00000514 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 445,255,765 coins and its circulating supply is 405,252,665 coins. 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. The official message board for Avalanche is medium.com/avalancheavax. 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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView