Avalanche (AVAX) 24 Hour Trading Volume Tops $370.42 Million

Avalanche (AVAX) traded 9.7% lower against the US dollar during the one day period ending at 21:00 PM ET on July 4th. Avalanche has a market capitalization of $9.35 billion and approximately $370.42 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be bought for $23.72 or 0.00041685 BTC on cryptocurrency exchanges. Over the last seven days, Avalanche has traded 14.9% lower against the US dollar.

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

• NEAR Protocol (NEAR) traded 11.1% lower against the dollar and now trades at $4.40 or 0.00007730 BTC.
• Internet Computer (ICP) traded 10.5% lower against the dollar and now trades at $6.37 or 0.00011195 BTC.
• Hedera (HBAR) traded 10.3% lower against the dollar and now trades at $0.0638 or 0.00000112 BTC.
• Cosmos (ATOM) traded down 9.8% against the dollar and now trades at $5.68 or 0.00009973 BTC.
• Cronos (CRO) traded down 6.4% against the dollar and now trades at $0.0827 or 0.00000145 BTC.
• Fetch.ai (FET) traded down 4.9% against the dollar and now trades at $1.17 or 0.00002049 BTC.
• Algorand (ALGO) traded 10.3% lower against the dollar and now trades at $0.13 or 0.00000221 BTC.
• Akash Network (AKT) traded 13% lower against the dollar and now trades at $2.99 or 0.00005164 BTC.
• Theta Fuel (TFUEL) traded 8.3% lower against the dollar and now trades at $0.0654 or 0.00000115 BTC.
• Kava (KAVA) traded down 13.4% against the dollar and now trades at $0.35 or 0.00000613 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 443,553,356 coins and its circulating supply is 394,206,986 coins. The official message board for Avalanche is medium.com/avalancheavax. 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. 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.”

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 trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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