Avalanche (AVAX) Price Hits $31.41 on Exchanges

Avalanche (AVAX) traded down 2.6% against the US dollar during the 24 hour period ending at 20:00 PM Eastern on June 11th. One Avalanche coin can now be purchased for about $31.41 or 0.00046738 BTC on popular exchanges. Avalanche has a total market capitalization of $12.35 billion and approximately $432.15 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded down 13.1% against the US dollar.

Here is how similar cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded 5.5% lower against the dollar and now trades at $6.03 or 0.00008968 BTC.
• Internet Computer (ICP) traded down 10.1% against the dollar and now trades at $10.02 or 0.00014917 BTC.
• Hedera (HBAR) traded 2.9% lower against the dollar and now trades at $0.0868 or 0.00000129 BTC.
• Cosmos (ATOM) traded 4.2% lower against the dollar and now trades at $7.51 or 0.00011172 BTC.
• Cronos (CRO) traded 6.2% lower against the dollar and now trades at $0.10 or 0.00000150 BTC.
• Fetch.ai (FET) traded down 8.5% against the dollar and now trades at $1.52 or 0.00002262 BTC.
• Algorand (ALGO) traded down 5.8% against the dollar and now trades at $0.16 or 0.00000235 BTC.
• Akash Network (AKT) traded down 3.1% against the dollar and now trades at $3.97 or 0.00005898 BTC.
• Kava (KAVA) traded 6.8% lower against the dollar and now trades at $0.59 or 0.00000874 BTC.
• Theta Fuel (TFUEL) traded down 4.5% against the dollar and now trades at $0.0825 or 0.00000123 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 442,617,571 coins and its circulating supply is 393,271,201 coins. Avalanche’s official website is avax.network. The official message board for Avalanche is medium.com/avalancheavax. 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.”

Buying and Selling Avalanche

It is usually not presently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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