Avalanche Hits 1-Day Volume of $445.59 Million (AVAX)

Avalanche (AVAX) traded 4.7% lower against the U.S. dollar during the twenty-four hour period ending at 14:00 PM E.T. on April 25th. Avalanche has a total market capitalization of $13.48 billion and approximately $445.59 million worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded 3% higher against the U.S. dollar. One Avalanche coin can currently be purchased for about $35.66 or 0.00055308 BTC on cryptocurrency exchanges.

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

  • NEAR Protocol (NEAR) traded down 3% against the dollar and now trades at $7.04 or 0.00010913 BTC.
  • Internet Computer (ICP) traded 3% lower against the dollar and now trades at $13.73 or 0.00021299 BTC.
  • Hedera (HBAR) traded down 2.4% against the dollar and now trades at $0.12 or 0.00000186 BTC.
  • Cronos (CRO) traded down 0% against the dollar and now trades at $0.13 or 0.00000197 BTC.
  • Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $8.39 or 0.00013020 BTC.
  • Fetch.ai (FET) traded 6.3% lower against the dollar and now trades at $2.33 or 0.00003616 BTC.
  • Algorand (ALGO) traded 7.3% lower against the dollar and now trades at $0.20 or 0.00000315 BTC.
  • Akash Network (AKT) traded 2.7% lower against the dollar and now trades at $4.83 or 0.00007480 BTC.
  • Kava (KAVA) traded down 2.8% against the dollar and now trades at $0.73 or 0.00001127 BTC.
  • Theta Fuel (TFUEL) traded 3.1% higher against the dollar and now trades at $0.12 or 0.00000184 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 436,716,584 coins and its circulating supply is 378,026,944 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 message board 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.

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 purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

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