Avalanche (AVAX) Price Reaches $9.07 on Exchanges

Avalanche (AVAX) traded down 1.9% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on February 17th. Avalanche has a total market cap of $3.92 billion and $176.88 million worth of Avalanche was traded on exchanges in the last day. During the last seven days, Avalanche has traded 3.1% higher against the U.S. dollar. One Avalanche coin can now be bought for about $9.07 or 0.00013535 BTC on cryptocurrency exchanges.

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

• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0789 or 0.00000118 BTC.
• Hedera (HBAR) traded down 0.9% against the dollar and now trades at $0.10 or 0.00000149 BTC.
• Internet Computer (ICP) traded down 1.9% against the dollar and now trades at $2.37 or 0.00003539 BTC.
• NEAR Protocol (NEAR) traded 1.1% lower against the dollar and now trades at $1.04 or 0.00001554 BTC.
• Cosmos (ATOM) traded up 2.4% against the dollar and now trades at $2.25 or 0.00003363 BTC.
• Algorand (ALGO) traded 2.4% lower against the dollar and now trades at $0.0934 or 0.00000139 BTC.
• Fetch.ai (FET) traded down 2.3% against the dollar and now trades at $0.17 or 0.00000253 BTC.
• PayProtocol Paycoin (PCI) traded up 0.2% against the dollar and now trades at $0.0600 or 0.00000088 BTC.
• Theta Fuel (TFUEL) traded 1.5% lower against the dollar and now trades at $0.0149 or 0.00000022 BTC.
• Akash Network (AKT) traded 1.5% higher against the dollar and now trades at $0.34 or 0.00000494 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 463,441,061 coins and its circulating supply is 431,771,961 coins. Avalanche’s official message board 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network.

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

AVAX/USD price chart by TradingView