Avalanche 24 Hour Trading Volume Hits $620.04 Million (AVAX)

Avalanche (AVAX) traded 2.4% lower against the U.S. dollar during the 1-day period ending at 23:00 PM Eastern on April 18th. During the last week, Avalanche has traded down 27.9% against the U.S. dollar. One Avalanche coin can currently be purchased for about $33.62 or 0.00054376 BTC on major exchanges. Avalanche has a total market cap of $12.71 billion and $620.04 million worth of Avalanche was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded 0.3% lower against the dollar and now trades at $5.45 or 0.00008813 BTC.
• Internet Computer (ICP) traded 1.8% higher against the dollar and now trades at $12.42 or 0.00020094 BTC.
• Cronos (CRO) traded down 2.3% against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded down 2.6% against the dollar and now trades at $7.96 or 0.00012874 BTC.
• Hedera (HBAR) traded 0% lower against the dollar and now trades at $0.0800 or 0.00000129 BTC.
• Fetch.ai (FET) traded 1.8% lower against the dollar and now trades at $1.97 or 0.00003185 BTC.
• Algorand (ALGO) traded 2.6% lower against the dollar and now trades at $0.17 or 0.00000270 BTC.
• Akash Network (AKT) traded up 3.7% against the dollar and now trades at $3.89 or 0.00006129 BTC.
• Kava (KAVA) traded down 0.9% against the dollar and now trades at $0.65 or 0.00001050 BTC.
• Theta Fuel (TFUEL) traded 3.3% lower against the dollar and now trades at $0.0829 or 0.00000134 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 436,678,728 coins and its circulating supply is 377,989,088 coins. Avalanche’s official message board is medium.com/avalancheavax. 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.

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 U.S. dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView