Avalanche (AVAX) One Day Trading Volume Hits $158.93 Million

Avalanche (AVAX) traded down 2.3% against the US dollar during the one day period ending at 16:00 PM Eastern on September 5th. One Avalanche coin can currently be bought for about $21.38 or 0.00038152 BTC on major cryptocurrency exchanges. Over the last seven days, Avalanche has traded down 7.9% against the US dollar. Avalanche has a market capitalization of $8.66 billion and approximately $158.93 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded down 2.9% against the dollar and now trades at $3.73 or 0.00006665 BTC.
• Internet Computer (ICP) traded down 5.3% against the dollar and now trades at $7.19 or 0.00012838 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.0773 or 0.00000138 BTC.
• Hedera (HBAR) traded 2.9% lower against the dollar and now trades at $0.0478 or 0.00000085 BTC.
• Cosmos (ATOM) traded 4.5% lower against the dollar and now trades at $3.90 or 0.00006952 BTC.
• Fetch.ai (FET) traded 5.5% lower against the dollar and now trades at $1.07 or 0.00001917 BTC.
• Algorand (ALGO) traded down 4.4% against the dollar and now trades at $0.12 or 0.00000209 BTC.
• Akash Network (AKT) traded 3% lower against the dollar and now trades at $2.23 or 0.00003990 BTC.
• Theta Fuel (TFUEL) traded 0.2% lower against the dollar and now trades at $0.0537 or 0.00000096 BTC.
• Kava (KAVA) traded 3.7% lower against the dollar and now trades at $0.28 or 0.00000507 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 445,207,043 coins and its circulating supply is 405,203,943 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView