Avalanche (AVAX) Tops 24-Hour Trading Volume of $158.08 Million

Avalanche (AVAX) traded 1.8% lower against the U.S. dollar during the one day period ending at 22:00 PM E.T. on September 5th. Over the last week, Avalanche has traded down 6.2% against the U.S. dollar. Avalanche has a market capitalization of $8.76 billion and $158.08 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be purchased for approximately $21.61 or 0.00038096 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded 2.9% lower against the dollar and now trades at $3.77 or 0.00006638 BTC.
• Internet Computer (ICP) traded 3.9% lower against the dollar and now trades at $7.29 or 0.00012858 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.0780 or 0.00000137 BTC.
• Hedera (HBAR) traded 1.7% lower against the dollar and now trades at $0.0484 or 0.00000085 BTC.
• Cosmos (ATOM) traded 2.9% lower against the dollar and now trades at $3.92 or 0.00006909 BTC.
• Fetch.ai (FET) traded 3.2% lower against the dollar and now trades at $1.09 or 0.00001930 BTC.
• Algorand (ALGO) traded 1.6% lower against the dollar and now trades at $0.12 or 0.00000210 BTC.
• Akash Network (AKT) traded 1.3% lower against the dollar and now trades at $2.25 or 0.00004007 BTC.
• Theta Fuel (TFUEL) traded 0.4% lower against the dollar and now trades at $0.0537 or 0.00000095 BTC.
• Kava (KAVA) traded down 1.2% against the dollar and now trades at $0.29 or 0.00000512 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 445,217,236 coins and its circulating supply is 405,214,136 coins. Avalanche’s official message board 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. The official website for Avalanche is avax.network. 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 presently 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView