Avalanche Hits 1-Day Volume of $304.04 Million (AVAX)

Avalanche (AVAX) traded 4.4% lower against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on October 21st. One Avalanche coin can currently be purchased for $27.79 or 0.00041289 BTC on major exchanges. Avalanche has a total market cap of $11.31 billion and approximately $304.04 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last seven days, Avalanche has traded down 4% against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded down 4.5% against the dollar and now trades at $4.80 or 0.00007130 BTC.
• Internet Computer (ICP) traded 3.7% lower against the dollar and now trades at $7.99 or 0.00011879 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0775 or 0.00000115 BTC.
• Hedera (HBAR) traded down 6% against the dollar and now trades at $0.0530 or 0.00000079 BTC.
• Cosmos (ATOM) traded up 4.8% against the dollar and now trades at $4.92 or 0.00007309 BTC.
• Fetch.ai (FET) traded 5.2% lower against the dollar and now trades at $1.39 or 0.00002065 BTC.
• Algorand (ALGO) traded down 3.5% against the dollar and now trades at $0.13 or 0.00000187 BTC.
• Akash Network (AKT) traded 4.6% lower against the dollar and now trades at $2.49 or 0.00003679 BTC.
• Theta Fuel (TFUEL) traded down 2.8% against the dollar and now trades at $0.0614 or 0.00000091 BTC.
• Kava (KAVA) traded 4.4% lower against the dollar and now trades at $0.37 or 0.00000544 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 446,957,679 coins and its circulating supply is 406,954,579 coins. 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. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official website 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.”

Buying and Selling Avalanche

It is usually not currently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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