Avalanche (AVAX) Reaches 24-Hour Volume of $200.05 Million

Avalanche (AVAX) traded down 1.8% against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on October 24th. Over the last seven days, Avalanche has traded down 3.9% against the U.S. dollar. Avalanche has a market cap of $10.80 billion and approximately $200.05 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be bought for $26.54 or 0.00039112 BTC on exchanges.

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

• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $4.66 or 0.00006864 BTC.
• Internet Computer (ICP) traded 0.6% lower against the dollar and now trades at $8.29 or 0.00012220 BTC.
• Cronos (CRO) traded 0.8% lower against the dollar and now trades at $0.0754 or 0.00000111 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0508 or 0.00000075 BTC.
• Cosmos (ATOM) traded up 2.7% against the dollar and now trades at $4.78 or 0.00007048 BTC.
• Fetch.ai (FET) traded down 0.7% against the dollar and now trades at $1.32 or 0.00001950 BTC.
• Algorand (ALGO) traded 0.8% lower against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded down 0.5% against the dollar and now trades at $2.45 or 0.00003590 BTC.
• Theta Fuel (TFUEL) traded down 1.1% against the dollar and now trades at $0.0582 or 0.00000086 BTC.
• Kava (KAVA) traded 0.4% lower against the dollar and now trades at $0.35 or 0.00000513 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,010,903 coins and its circulating supply is 407,007,803 coins. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche 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 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 Gemini, 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