Avalanche (AVAX) Price Hits $26.35 on Major Exchanges

Avalanche (AVAX) traded up 8.8% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM Eastern on November 6th. Avalanche has a market capitalization of $10.73 billion and approximately $551.59 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last week, Avalanche has traded up 0.7% against the U.S. dollar. One Avalanche coin can currently be purchased for about $26.35 or 0.00035386 BTC on cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 5.8% higher against the dollar and now trades at $4.11 or 0.00005512 BTC.
• Internet Computer (ICP) traded 3.1% higher against the dollar and now trades at $7.61 or 0.00010224 BTC.
• Fetch.ai (FET) traded up 12.4% against the dollar and now trades at $1.41 or 0.00001889 BTC.
• Cronos (CRO) traded up 15.9% against the dollar and now trades at $0.0844 or 0.00000113 BTC.
• Hedera (HBAR) traded 6.5% higher against the dollar and now trades at $0.0483 or 0.00000065 BTC.
• Cosmos (ATOM) traded 6.1% higher against the dollar and now trades at $4.42 or 0.00005933 BTC.
• Algorand (ALGO) traded 4.3% higher against the dollar and now trades at $0.12 or 0.00000161 BTC.
• Akash Network (AKT) traded 2.9% higher against the dollar and now trades at $2.39 or 0.00003205 BTC.
• Kava (KAVA) traded up 8.7% against the dollar and now trades at $0.34 or 0.00000457 BTC.
• Theta Fuel (TFUEL) traded 5.7% higher against the dollar and now trades at $0.0538 or 0.00000072 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 447,168,950 coins and its circulating supply is 407,165,850 coins. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. 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