Avalanche (AVAX) Price Reaches $26.95 on Major Exchanges

Avalanche (AVAX) traded down 2.2% against the US dollar during the one day period ending at 14:00 PM E.T. on August 25th. Avalanche has a market capitalization of $10.91 billion and $303.65 million worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded up 27.5% against the US dollar. One Avalanche coin can currently be bought for $26.95 or 0.00042002 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded down 3.3% against the dollar and now trades at $4.93 or 0.00007679 BTC.
• Internet Computer (ICP) traded 2% lower against the dollar and now trades at $8.54 or 0.00013319 BTC.
• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.0888 or 0.00000138 BTC.
• Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.0587 or 0.00000091 BTC.
• Cosmos (ATOM) traded down 6.3% against the dollar and now trades at $5.03 or 0.00007845 BTC.
• Fetch.ai (FET) traded down 0.1% against the dollar and now trades at $1.27 or 0.00001978 BTC.
• Algorand (ALGO) traded 3.5% lower against the dollar and now trades at $0.14 or 0.00000223 BTC.
• Akash Network (AKT) traded down 3.7% against the dollar and now trades at $2.75 or 0.00004283 BTC.
• Theta Fuel (TFUEL) traded down 2.8% against the dollar and now trades at $0.0645 or 0.00000101 BTC.
• Kava (KAVA) traded down 4.1% against the dollar and now trades at $0.36 or 0.00000568 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,840,846 coins and its circulating supply is 404,837,746 coins. 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. Avalanche’s official message board is medium.com/avalancheavax. The official website for Avalanche is avax.network.

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 possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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