Avalanche 24 Hour Volume Reaches $694.22 Million (AVAX)

Avalanche (AVAX) traded up 5.4% against the U.S. dollar during the one day period ending at 10:00 AM Eastern on April 18th. During the last seven days, Avalanche has traded 23.4% lower against the U.S. dollar. One Avalanche coin can now be purchased for approximately $35.18 or 0.00055242 BTC on major cryptocurrency exchanges. Avalanche has a total market capitalization of $13.30 billion and $694.22 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded 9% higher against the dollar and now trades at $5.79 or 0.00009093 BTC.
• Internet Computer (ICP) traded up 4.8% against the dollar and now trades at $12.39 or 0.00019447 BTC.
• Cronos (CRO) traded 1.5% higher against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Cosmos (ATOM) traded up 3.2% against the dollar and now trades at $8.23 or 0.00012916 BTC.
• Hedera (HBAR) traded up 4.7% against the dollar and now trades at $0.0814 or 0.00000128 BTC.
• Fetch.ai (FET) traded 6.6% higher against the dollar and now trades at $2.04 or 0.00003203 BTC.
• Algorand (ALGO) traded 3.5% higher against the dollar and now trades at $0.17 or 0.00000273 BTC.
• Akash Network (AKT) traded 4.6% higher against the dollar and now trades at $3.85 or 0.00006158 BTC.
• Kava (KAVA) traded 5% higher against the dollar and now trades at $0.66 or 0.00001043 BTC.
• Theta Fuel (TFUEL) traded up 4.8% against the dollar and now trades at $0.0850 or 0.00000133 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 436,672,552 coins and its circulating supply is 377,982,912 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. The official message board for Avalanche is medium.com/avalancheavax. 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 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 exchanges listed above.

AVAX/USD price chart by TradingView