Avalanche 24 Hour Trading Volume Hits $416.92 Million (AVAX)

Avalanche (AVAX) traded down 1.6% against the US dollar during the 1-day period ending at 22:00 PM E.T. on April 25th. Avalanche has a market capitalization of $13.42 billion and approximately $416.92 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for about $35.49 or 0.00055110 BTC on cryptocurrency exchanges. Over the last week, Avalanche has traded 10.7% higher against the US dollar.

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

• NEAR Protocol (NEAR) traded 8% higher against the dollar and now trades at $7.38 or 0.00011456 BTC.
• Internet Computer (ICP) traded down 0.2% against the dollar and now trades at $13.77 or 0.00021377 BTC.
• Hedera (HBAR) traded up 2.7% against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Cronos (CRO) traded up 2.1% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 1.8% against the dollar and now trades at $8.31 or 0.00012911 BTC.
• Fetch.ai (FET) traded 0.4% higher against the dollar and now trades at $2.27 or 0.00003529 BTC.
• Algorand (ALGO) traded down 2.4% against the dollar and now trades at $0.20 or 0.00000308 BTC.
• Akash Network (AKT) traded down 3.5% against the dollar and now trades at $4.91 or 0.00007594 BTC.
• Theta Fuel (TFUEL) traded 9.3% higher against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Kava (KAVA) traded down 2% against the dollar and now trades at $0.71 or 0.00001099 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 436,885,840 coins and its circulating supply is 378,196,200 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official website is avax.network. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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 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 Changelly, Gemini 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