Avalanche (AVAX) Price Hits $39.91 on Major Exchanges

Avalanche (AVAX) traded down 3.2% against the U.S. dollar during the twenty-four hour period ending at 19:00 PM Eastern on May 22nd. Avalanche has a market capitalization of $15.68 billion and approximately $572.22 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last week, Avalanche has traded up 14.9% against the U.S. dollar. One Avalanche coin can currently be purchased for about $39.91 or 0.00057790 BTC on cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 1.7% higher against the dollar and now trades at $7.97 or 0.00011533 BTC.
• Internet Computer (ICP) traded 4% lower against the dollar and now trades at $12.80 or 0.00018530 BTC.
• Hedera (HBAR) traded down 1.7% against the dollar and now trades at $0.11 or 0.00000164 BTC.
• Cronos (CRO) traded up 0.4% against the dollar and now trades at $0.13 or 0.00000182 BTC.
• Cosmos (ATOM) traded 2.6% lower against the dollar and now trades at $8.55 or 0.00012381 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $2.52 or 0.00003655 BTC.
• Algorand (ALGO) traded 1.7% lower against the dollar and now trades at $0.19 or 0.00000268 BTC.
• Akash Network (AKT) traded 0% higher against the dollar and now trades at $5.85 or 0.00008464 BTC.
• Kava (KAVA) traded down 1.8% against the dollar and now trades at $0.68 or 0.00000990 BTC.
• Theta Fuel (TFUEL) traded 1.6% lower against the dollar and now trades at $0.11 or 0.00000156 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 442,148,012 coins and its circulating supply is 392,801,642 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official website 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.”

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