Avalanche (AVAX) One Day Trading Volume Tops $159.66 Million

Avalanche (AVAX) traded up 2.5% against the U.S. dollar during the 24-hour period ending at 19:00 PM ET on October 20th. During the last week, Avalanche has traded up 0.1% against the U.S. dollar. Avalanche has a market capitalization of $11.73 billion and $159.66 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for about $28.82 or 0.00041622 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded up 3.6% against the dollar and now trades at $5.00 or 0.00007216 BTC.
• Internet Computer (ICP) traded up 4.1% against the dollar and now trades at $8.36 or 0.00012067 BTC.
• Cronos (CRO) traded 1.7% higher against the dollar and now trades at $0.0793 or 0.00000114 BTC.
• Hedera (HBAR) traded 3.4% higher against the dollar and now trades at $0.0552 or 0.00000080 BTC.
• Cosmos (ATOM) traded 4.6% higher against the dollar and now trades at $4.67 or 0.00006737 BTC.
• Fetch.ai (FET) traded 3.8% higher against the dollar and now trades at $1.46 or 0.00002113 BTC.
• Algorand (ALGO) traded up 6% against the dollar and now trades at $0.13 or 0.00000188 BTC.
• Akash Network (AKT) traded up 5.2% against the dollar and now trades at $2.59 or 0.00003754 BTC.
• Theta Fuel (TFUEL) traded up 2.2% against the dollar and now trades at $0.0634 or 0.00000091 BTC.
• Kava (KAVA) traded 4.2% higher against the dollar and now trades at $0.38 or 0.00000555 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 446,895,735 coins and its circulating supply is 406,892,635 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. Avalanche’s official message board is medium.com/avalancheavax.

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 acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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