Avalanche Price Hits $31.57 on Major Exchanges (AVAX)

Avalanche (AVAX) traded down 5.5% against the US dollar during the 1 day period ending at 7:00 AM Eastern on May 1st. During the last week, Avalanche has traded down 19.2% against the US dollar. Avalanche has a market cap of $11.97 billion and $560.43 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be bought for $31.57 or 0.00054927 BTC on major cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 6% lower against the dollar and now trades at $5.98 or 0.00010408 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $12.54 or 0.00021813 BTC.
• Hedera (HBAR) traded down 1% against the dollar and now trades at $0.0950 or 0.00000165 BTC.
• Cronos (CRO) traded 4.6% lower against the dollar and now trades at $0.13 or 0.00000220 BTC.
• Cosmos (ATOM) traded up 6.7% against the dollar and now trades at $8.38 or 0.00014580 BTC.
• Fetch.ai (FET) traded 3.3% lower against the dollar and now trades at $1.92 or 0.00003348 BTC.
• Algorand (ALGO) traded down 3.5% against the dollar and now trades at $0.17 or 0.00000299 BTC.
• Akash Network (AKT) traded down 5.3% against the dollar and now trades at $3.80 or 0.00006579 BTC.
• Kava (KAVA) traded down 6.3% against the dollar and now trades at $0.62 or 0.00001072 BTC.
• Theta Fuel (TFUEL) traded 5.2% lower against the dollar and now trades at $0.0966 or 0.00000168 BTC.

About Avalanche

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 437,833,692 coins and its circulating supply is 379,144,052 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 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.

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 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 Changelly, GDAX or Gemini. 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