Avalanche (AVAX) Price Hits $21.74

Avalanche (AVAX) traded down 0.7% against the dollar during the 24-hour period ending at 10:00 AM Eastern on September 6th. Avalanche has a market capitalization of $8.81 billion and approximately $214.22 million worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded down 6.7% against the dollar. One Avalanche coin can now be purchased for approximately $21.74 or 0.00038708 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded down 3.8% against the dollar and now trades at $3.72 or 0.00006625 BTC.
• Internet Computer (ICP) traded 2% lower against the dollar and now trades at $7.23 or 0.00012864 BTC.
• Cronos (CRO) traded 1.9% lower against the dollar and now trades at $0.0768 or 0.00000137 BTC.
• Hedera (HBAR) traded down 0.9% against the dollar and now trades at $0.0483 or 0.00000086 BTC.
• Cosmos (ATOM) traded down 2.5% against the dollar and now trades at $3.90 or 0.00006950 BTC.
• Fetch.ai (FET) traded 3.8% lower against the dollar and now trades at $1.08 or 0.00001926 BTC.
• Algorand (ALGO) traded 0.2% higher against the dollar and now trades at $0.12 or 0.00000212 BTC.
• Akash Network (AKT) traded down 0% against the dollar and now trades at $2.27 or 0.00003987 BTC.
• Theta Fuel (TFUEL) traded 1.5% lower against the dollar and now trades at $0.0534 or 0.00000095 BTC.
• Kava (KAVA) traded down 1.6% against the dollar and now trades at $0.29 or 0.00000512 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 445,219,116 coins and its circulating supply is 405,216,016 coins. Avalanche’s official website is avax.network. Avalanche’s official message board is medium.com/avalancheavax. 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView