Avalanche One Day Volume Hits $388.14 Million (AVAX)

Avalanche (AVAX) traded 2.2% higher against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on January 25th. Avalanche has a total market cap of $5.65 billion and $388.14 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded up 12.7% against the U.S. dollar. One Avalanche coin can now be purchased for $17.97 or 0.00076767 BTC on major exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Cosmos (ATOM) traded 6.9% higher against the dollar and now trades at $13.60 or 0.00058099 BTC.
• NEAR Protocol (NEAR) traded up 6.9% against the dollar and now trades at $2.59 or 0.00011068 BTC.
• Cronos (CRO) traded 0.8% higher against the dollar and now trades at $0.0820 or 0.00000350 BTC.
• Algorand (ALGO) traded 0.8% higher against the dollar and now trades at $0.25 or 0.00001052 BTC.
• Hedera (HBAR) traded 5.6% higher against the dollar and now trades at $0.0680 or 0.00000291 BTC.
• Internet Computer (ICP) traded 3.8% higher against the dollar and now trades at $5.83 or 0.00024895 BTC.
• PayProtocol Paycoin (PCI) traded up 1.8% against the dollar and now trades at $0.19 or 0.00000796 BTC.
• Kava (KAVA) traded 7.8% lower against the dollar and now trades at $1.01 or 0.00004304 BTC.
• Theta Fuel (TFUEL) traded down 0.9% against the dollar and now trades at $0.0470 or 0.00000201 BTC.
• Moonbeam (GLMR) traded up 1.3% against the dollar and now trades at $0.47 or 0.00001995 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 419,995,958 coins and its circulating supply is 314,589,968 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 @avalancheavax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax. The official website for Avalanche is avax.network.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Buying and Selling Avalanche

It is usually not presently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.