Avalanche (AVAX) Reaches 24 Hour Volume of $496.02 Million

Avalanche (AVAX) traded 3.1% lower against the dollar during the one day period ending at 15:00 PM E.T. on October 15th. One Avalanche coin can currently be purchased for about $28.36 or 0.00042442 BTC on major cryptocurrency exchanges. Avalanche has a total market cap of $11.53 billion and $496.02 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded up 8.1% against the dollar.

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

• NEAR Protocol (NEAR) traded 0.5% higher against the dollar and now trades at $5.05 or 0.00007562 BTC.
• Internet Computer (ICP) traded down 3% against the dollar and now trades at $8.11 or 0.00012134 BTC.
• Hedera (HBAR) traded 6.1% higher against the dollar and now trades at $0.0561 or 0.00000084 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0777 or 0.00000116 BTC.
• Cosmos (ATOM) traded 0.1% lower against the dollar and now trades at $4.50 or 0.00006738 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $1.47 or 0.00002195 BTC.
• Algorand (ALGO) traded down 0.4% against the dollar and now trades at $0.13 or 0.00000189 BTC.
• Akash Network (AKT) traded 1.6% lower against the dollar and now trades at $2.50 or 0.00003720 BTC.
• Theta Fuel (TFUEL) traded 2.1% lower against the dollar and now trades at $0.0619 or 0.00000093 BTC.
• Kava (KAVA) traded up 7.6% against the dollar and now trades at $0.38 or 0.00000572 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 446,617,739 coins and its circulating supply is 406,614,639 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. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche 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.”

Avalanche Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase 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 purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView