Avalanche 1-Day Volume Hits $210.01 Million (AVAX)

Avalanche (AVAX) traded 5.1% lower against the U.S. dollar during the one day period ending at 7:00 AM ET on November 3rd. One Avalanche coin can now be purchased for approximately $23.26 or 0.00033959 BTC on major exchanges. Avalanche has a market cap of $9.47 billion and approximately $210.01 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last seven days, Avalanche has traded down 8.7% against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded 5.1% lower against the dollar and now trades at $3.68 or 0.00005375 BTC.
• Internet Computer (ICP) traded 8.4% lower against the dollar and now trades at $7.17 or 0.00010462 BTC.
• Fetch.ai (FET) traded down 2.7% against the dollar and now trades at $1.16 or 0.00001696 BTC.
• Cronos (CRO) traded down 2% against the dollar and now trades at $0.0716 or 0.00000105 BTC.
• Hedera (HBAR) traded down 5.1% against the dollar and now trades at $0.0429 or 0.00000063 BTC.
• Cosmos (ATOM) traded 2.7% lower against the dollar and now trades at $4.01 or 0.00005851 BTC.
• Algorand (ALGO) traded 3.4% lower against the dollar and now trades at $0.11 or 0.00000162 BTC.
• Akash Network (AKT) traded up 0.2% against the dollar and now trades at $2.25 or 0.00003287 BTC.
• Theta Fuel (TFUEL) traded 4% lower against the dollar and now trades at $0.0495 or 0.00000072 BTC.
• Kava (KAVA) traded down 4.5% against the dollar and now trades at $0.30 or 0.00000444 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 447,136,033 coins and its circulating supply is 407,132,933 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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 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.”

Buying and Selling Avalanche

It is usually not presently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase 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