Avalanche (AVAX) Reaches 24-Hour Volume of $200.05 Million

Avalanche (AVAX) traded 1.8% lower against the dollar during the 24-hour period ending at 21:00 PM ET on October 24th. During the last week, Avalanche has traded 3.9% lower against the dollar. One Avalanche coin can currently be bought for $26.54 or 0.00039112 BTC on popular cryptocurrency exchanges. Avalanche has a total market cap of $10.80 billion and $200.05 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $4.66 or 0.00006864 BTC.
• Internet Computer (ICP) traded down 0.6% against the dollar and now trades at $8.29 or 0.00012220 BTC.
• Cronos (CRO) traded 0.8% lower against the dollar and now trades at $0.0754 or 0.00000111 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0508 or 0.00000075 BTC.
• Cosmos (ATOM) traded 2.7% higher against the dollar and now trades at $4.78 or 0.00007048 BTC.
• Fetch.ai (FET) traded 0.7% lower against the dollar and now trades at $1.32 or 0.00001950 BTC.
• Algorand (ALGO) traded down 0.8% against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded 0.5% lower against the dollar and now trades at $2.45 or 0.00003590 BTC.
• Theta Fuel (TFUEL) traded 1.1% lower against the dollar and now trades at $0.0582 or 0.00000086 BTC.
• Kava (KAVA) traded down 0.4% against the dollar and now trades at $0.35 or 0.00000513 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,010,903 coins and its circulating supply is 407,007,803 coins. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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 currently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView