Avalanche Tops 24 Hour Trading Volume of $271.70 Million (AVAX)

Avalanche (AVAX) traded up 1.5% against the US dollar during the 24 hour period ending at 0:00 AM E.T. on September 9th. One Avalanche coin can now be bought for about $23.76 or 0.00041911 BTC on cryptocurrency exchanges. During the last week, Avalanche has traded up 6% against the US dollar. Avalanche has a total market cap of $9.63 billion and approximately $271.70 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded up 5% against the dollar and now trades at $3.98 or 0.00007012 BTC.
• Internet Computer (ICP) traded 4.1% higher against the dollar and now trades at $7.72 or 0.00013620 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.0789 or 0.00000139 BTC.
• Hedera (HBAR) traded up 1.1% against the dollar and now trades at $0.0503 or 0.00000089 BTC.
• Cosmos (ATOM) traded up 4.7% against the dollar and now trades at $4.06 or 0.00007166 BTC.
• Fetch.ai (FET) traded up 9.7% against the dollar and now trades at $1.22 or 0.00002155 BTC.
• Algorand (ALGO) traded up 1.1% against the dollar and now trades at $0.13 or 0.00000223 BTC.
• Akash Network (AKT) traded up 4.8% against the dollar and now trades at $2.39 or 0.00004169 BTC.
• Theta Fuel (TFUEL) traded 0.7% higher against the dollar and now trades at $0.0558 or 0.00000098 BTC.
• Kava (KAVA) traded 3.8% higher against the dollar and now trades at $0.30 or 0.00000527 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 445,270,735 coins and its circulating supply is 405,267,635 coins. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.

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 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 GDAX, Changelly or Coinbase. 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