Avalanche Price Hits $23.79 on Exchanges (AVAX)

Avalanche (AVAX) traded up 1.4% against the dollar during the 24-hour period ending at 18:00 PM E.T. on September 12th. One Avalanche coin can currently be bought for $23.79 or 0.00041114 BTC on major exchanges. In the last seven days, Avalanche has traded 11.4% higher against the dollar. Avalanche has a market cap of $9.64 billion and approximately $207.00 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded 6.1% higher against the dollar and now trades at $4.23 or 0.00007303 BTC.
• Internet Computer (ICP) traded 2.4% lower against the dollar and now trades at $8.49 or 0.00014667 BTC.
• Cronos (CRO) traded 1% higher against the dollar and now trades at $0.0790 or 0.00000137 BTC.
• Hedera (HBAR) traded up 0.5% against the dollar and now trades at $0.0503 or 0.00000087 BTC.
• Cosmos (ATOM) traded 1.1% lower against the dollar and now trades at $4.11 or 0.00007096 BTC.
• Fetch.ai (FET) traded up 2% against the dollar and now trades at $1.38 or 0.00002386 BTC.
• Algorand (ALGO) traded 2.7% higher against the dollar and now trades at $0.13 or 0.00000225 BTC.
• Akash Network (AKT) traded up 3.4% against the dollar and now trades at $2.45 or 0.00004210 BTC.
• Theta Fuel (TFUEL) traded 3% higher against the dollar and now trades at $0.0573 or 0.00000099 BTC.
• Kava (KAVA) traded 2.7% higher against the dollar and now trades at $0.31 or 0.00000542 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 445,331,032 coins and its circulating supply is 405,327,932 coins. Avalanche’s official message board is medium.com/avalancheavax. The official website for Avalanche is avax.network. 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.

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 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