Avalanche Hits 24 Hour Trading Volume of $331.04 Million (AVAX)

Avalanche (AVAX) traded up 3.3% against the dollar during the 24-hour period ending at 23:00 PM ET on May 9th. Avalanche has a total market cap of $13.50 billion and $331.04 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for $35.46 or 0.00056411 BTC on popular cryptocurrency exchanges. During the last seven days, Avalanche has traded 3.7% higher against the dollar.

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

• NEAR Protocol (NEAR) traded 7.2% higher against the dollar and now trades at $7.53 or 0.00011983 BTC.
• Internet Computer (ICP) traded 0.8% higher against the dollar and now trades at $12.25 or 0.00019488 BTC.
• Hedera (HBAR) traded up 2.7% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $9.09 or 0.00014455 BTC.
• Cronos (CRO) traded 0.7% higher against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Fetch.ai (FET) traded up 3.8% against the dollar and now trades at $2.29 or 0.00003646 BTC.
• Algorand (ALGO) traded up 1.4% against the dollar and now trades at $0.19 or 0.00000307 BTC.
• Akash Network (AKT) traded 28.5% higher against the dollar and now trades at $5.49 or 0.00008686 BTC.
• Kava (KAVA) traded 1.5% higher against the dollar and now trades at $0.67 or 0.00001068 BTC.
• Theta Fuel (TFUEL) traded up 0.3% against the dollar and now trades at $0.11 or 0.00000175 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 439,485,367 coins and its circulating supply is 380,795,727 coins. The official message board for Avalanche is medium.com/avalancheavax. 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. 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 possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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